Currency,stock in-flows, Fed, I-rates,Europe and Asia.
Juggling and kicking the can down the road is one thing.
Now, we are faced with a conundrum, of far reaching effects having claws that make a grizzly seem clawless.
Japan is convinced they learned from us, debase your currency is the best and quickest way to to bost exports,buoy your stock market and create the wealth effect.
Other countries attempting similar tactics.
So the race for the bottom started months ago.
Then,complicate matters with the Euro zone.
As the Euro zone decides whether or not to finance their way out, AND one or two counties leave, the dollar VS Euro ratio changes,dollar gaining strength.
Bad for US markets and bad for exports.......
The measure will be WHO has the strongest currency of all, with ALL currencies dropping.
Typically, PMs rise in low interest rate environments, and WEAK dollar VS other currency environments.
Will I rates rise soon?
Will the dollar gain strength against other currencies?
Take this debate over to include China, India and emerging markets.
We have a mess......eventually......but when?