Quote:
Originally Posted by GreyWolf
Sure would be shocked if all major currencies dropped their rates  You'd be lucky to find one country who will screw their own currency and devalue just because of one country. There are far more implications to that and cause others problems and it is not a solution to anything, just another plaster on the gaping wound.
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They will cut in few ally countries, in particular England and ECB for sure
They wont allow to go under those parts of industry, which lives from export to the US. Mark my words.
Devaluing of currency, instead of former trade sanctions, is a new way how to compete in global economy.
But at the end, the results wont be great for majority...