Courtesy of Mish.
I was on Prime Interest (formerly Capital Account) with Bob English on Tuesday, August 20.
We discussed troubled currencies, the Indian Rupee, the Australian dollar, the US dollar, the Euro, gold, Bernanke, a US property bubble, the carry trade, and other topics.
Link if video does not play: Report ‘Troubled Currencies’ with Mike Shedlock
At one point I asked bob “So what do you want to hold?“. Given that central banks everywhere are inflating, my answer was “gold“.
Synonymous with the carry trade, money poured into India, Brazil, and other markets for currency appreciation and interest rate speculation. That hot money is now fleeing, and various currencies are in a state of collapse.
Here are a few charts.
Indian Rupee
Indonesian Rupiah
…
