The Core

Why We Are Here => Economics & Investing => Topic started by: Mackin USA on February 02, 2015, 02:32:28 PM

Title: Denmark & currency wars
Post by: Mackin USA on February 02, 2015, 02:32:28 PM
Denmark is battling to avoid its krone becoming the next victim of the global currency wars, wielding a combination of negative interest rates plus market interventions to sell its own currency plus scrapping government bond sales as it defends its peg to the euro. I've seen this movie before; it never ends well.

http://finance.yahoo.com/news/currency-war-claims-another-casualty-230002286.html
Title: Re: Denmark & currency wars
Post by: Rumbas on February 02, 2015, 03:06:20 PM
Yeah, now you get money for lending money. Go figure. Pretty sure that will not end well.