While none of the current batch of currency-devaluing Central Bankers would admit that their policies are designed to weaken the currency, enhance competitiveness, and hail a new bright future of growth for their nation (by printing money), it is clear that is the chosen textbook-based path chosen. However, as the following charts show, it's not working...
Massive devaluation in Japan... economic growth expectations slowing...
[4]
Massive devaluation in Europe... economic growth expectations slowing...
[5]
And then there's The US...
[6]
(though note the last few weeks' surge in the USD has sparked some deterioration in the economic outlook).
* * *
Clearly the answer to Japan and Europe's problem is more devaluation...
