Archive for November 10th, 2010

h1

Ukraine is preparing to defend its currency

November 10, 2010

Well dear readers, it seems somebody in Ukraine is actually thinking ahead to the results of the US quantitive easing.

http://www.bloomberg.com/news/2010-10-09/ukraine-may-use-capital-controls-to-ease-currency-volatility-tigipko-says.html

Let’s hope that Ukraine will be acting as cheerleader to China, Germany, Brazil etc at this weeks G20 meeting as well, thus a successful rebuff of a US plan to return to a planned economy on a global scale, through capping trade surplus and deficit 4% of GDP is struck down.

%d bloggers like this: