Take that!
There’s a bit of a war being waged this morning as to just exactly what kind of a Currency War, if any, is actually going on out there. The projectiles all come with a # symbol in front of them. For those of you who prefer to avoid being hit by the sticks and stones of what may be escalating from a snowball fight, here are a few handy links for your consideration.
Let’s start with Jim Rickards letting ZeroHedge have it for attempting to school their readers with a heat map. Here is Jim’s tweet:
After being dead wrong on the #Euro for a year, @zerohedge wants to tutor us on #CurrencyWars http://bit.ly/T5UaMd . Thanks guys. #ZeroCred (@jamesgrickards)
Here’s ZeroHedge’s heat map:
http://www.zerohedge.com/news/2013-01-29/complete-world-currency-war-heatmap
Here’s Morgan Stanley weighing in on how there wasn’t a currency war, but there just might be one soon if Japan keeps this up:
http://www.morganstanleyfa.com/public/projectfiles/de22c239-3894-4512-b291-cc6edee0f83e.pdf
Here’s Jim’s previous tweet that Japan gets a “hall pass” from the Fed on the currency war:
https://twitter.com/JamesGRickards/status/244994943456796672
Here’s the made for Youtube video released three months ago by Jim Rickards of the currency wars war game simulation. No mention of Japan that I noticed:
Here’s where Dave stood on the Currency War meme in September 2011.
http://tradewithdave.com/?p=7913
I’m still trying to figure out exactly where I stand this morning. Please email me with your ideas. tradewithdave (at) gmail (dot) com.