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- Carl Icahn is right, but his analogy is wrong. The Fed has not been giving the economy medicine, but administering it monetary heroine!
Thursday, March 24, 2016
Can anyone explain the value of the Yen?
From what I understand with the central bank of Japan having done a bunch of monetary expansion and keeping interest rates very low, even going negative recently for financial institution, the Yen should be going down in value. But over the last few months it has strengthened significantly.