Mike Shedlock

It's hard not to laugh at the irony of recent central bank currency actions.
 

  • After complaining for years about the strength of the Real, the Brazilian central bank stepped up intervention actions hoping to stop a plunge in the currency.
  • Turkey now attempts to attract capital after taking measures for the past four years to stop the flow of money into the country.
  • In India, the central bank seeks to stop a plunge in the Rupee which is at a record low of 58.95 to the dollar.

Mike Shedlock

Mike Shedlock is a registered investment advisor representative for Sitka Pacific Capital Management.