Monday, November 9, 2015

Central bank coordinating money printing

I think we live in a world where there is coordinated action by central banks to print money in the U.S., in the EU, in Japan, and of course also the Bank of England. They coordinate monetary policies, and as you know, the yen has depreciated very strongly against the U.S. dollar over the last three years. And I think the Chinese will adjust their currency down somewhat.