John Taylor: QE Is Like "Throwing A Rock Into The Glass Window Of The International Monetary System"

dollar burger

John Taylor, the founder of the $8 billion FXConcepts fund, one of the world’s biggest currency hedge funds, basically said the US is just pretending it wants a strong dollar.

Taylor told the Telegraph that despite its official commitment to a strong dollar, the US is keen to see the greenback fall further. 

“It’s like throwing a rock into the glass window of the international monetary system,” he said.

He’s clearly not a supporter of a second round of quantitative easing, which is set for next month.

Via Management Today

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