The Monetary Illusion Again in Trade

By |2015-03-06T11:58:12-05:00March 6th, 2015|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Just as a follow-up to further highlight and emphasize the “monetary illusion” of currency devaluation in this closed environment, the yen’s returned devaluation against the “dollar” more recently has renewed confusion (or intentional misdirection) about what Abenomics is supposedly accomplishing. Taken solely from the perspective of the Japanese internally, exports to the US are once more growing, and doing so [...]