In the aftermath of the 2008 financial panic, a coordinated global response by the world’s central banks averted a cataclysmic collapse. However, as the world tries to transition from “deep recession” to recovery, the interests of the world’s central bankers have now diverged. Using their currencies as a way to gain competitive advantage, the major trading nations — including the U.S., Japan, China, and the EU — have inadvertently entered a “race to the bottom.” Where is this trend headed? What are the implications? What can you do to make the best of this situation? We’ll tell you.
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