Leave it to the nationally recognized ratings agencies to slam the barn door after the horses have left. The clip below is from Bloomberg this morning. Standard & Poor’s is about four years late to the party. Currency wars have been a major factor in global financial markets for years now. Our regular readers have been all over this. We hope you have too.
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Jeremy Jones, CFA is the Director of Research at Young Research & Publishing Inc., and the Chief Investment Officer at Richard C. Young & Co., Ltd. Jeremy is a contributing editor of youngresearch.com.