We need to go back to fixed exchange rates

Discussion in 'Economics' started by Kicking, Nov 14, 2008.

  1. So I won't waste my time speculating in the foreign exchange market. 250 pip move in GBP/USD in the last 90 min.

    The whole thing is broken.
  3. I agree. Complaining about volatility is grounds for execution by firing squad.
  4. Martin Wolf from the FT asked for that too, one week ago.

    It would provide an ideological win for China and they would be more psychologically able to provide stable supply of credit to US.

    But more needs to be done..

    Selling strategic military device would level the playing field, joint-ventures in afghanistan vast natural ressources, preferential agreement for US natural gaz..that would be enough but would have to be looked at carefully to avoid being backstabbed too early.