South American Real Estate News
/ Category / USA foreign policy

Dumb and dumber. Trump doesn’t understand currency wars, when he attacks Argentina and Brazil

What a difference a decade makes. Back in September 2010, Guido Mantega, Brazil’s then-finance minister, was complaining bitterly about “currency wars”, and claiming the Federal Reserve’s ultra-loose monetary policy of the time was unfairly hurting his economy. “We’re in the midst of an international currency war, a general weakening of the currency,” he said then. “This threatens us because it takes away our competitiveness.” Fast forward to December 2019,…
Visit us on LinkedInVisit us on FacebookVisit us on TwitterVisit us on PinterestCheck our RSS Feed