Pimco’s Gross: We Are In A Currency War; Sell Dollar, Hold Euro, Buy Gold

It is not only the Japanese who are using their monetary policy to weaken their currency. Even the Americans, and the British are joining the fight. We are in a currency war…The situation is a reminiscent of the 30s of the last century. Then, too, there was a competitive devaluation…For Europe,…

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Pimco’s Gross: We Are In A Currency War; Sell Dollar, Hold Euro, Buy Gold