Wars are not always fought with guns – but they are always fought with money. Last Thursday, U.S Federal Reserve Chairwoman Janet Yellen announced that there will not be an interest rate hike, which in turn helped buoy the markets for the day. But this move could potentially initiate a currency war, at least according to CNBC. The problem with CNBC’s assertion is the claim that it might set off a currency war…when in reality we are already in the middle of one.
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