DislikedKen A
My take on the economy of Nations is that gdp growth remains entirely based upon credit growth and destruction(deleveraging)
Nowhere does any economy run on a cash basis any longer. It is on cashflow.
The business cycle grows theoreticaly when C.B.'s apply no standards and gun liquidity in an effort to stimulate credit growth. As credit growth increases, the perchant of borrowers to spend likewise increases. This is the much ballyhooed pump priming that CB's engage in. When coupled with government deficit spending the Keynesian package...Ignored
What I was asking in previous post; any specific countries and what specific items to watch closely to give us sense of direction of where the currency will go?