Our flame-grilled guide to currencies suggests the dollar is getting dearer COUNTRIES with McDonald’s fast-food restaurants may only rarely become embroiled in military conflict (Russia and Ukraine are obvious exceptions at the moment), but currency wars are another matter. In recent years central banks in many rich economies fired up big bond-buying schemes to put some sizzle into economies that had only recently emerged from a deep freeze. Emerging-market governments complained that the capital that flowed their way as a result was hard to digest. Meanwhile Americans griped that China was serving up an undercooked yuan. Burgernomics provides one way …read more
Source: Business Insider
