“We’re On The Verge Of A Crisis” And Global Currency Wars Are Triggering It

In financial circles, it is widely acknowledged that the Federal Reserve was about to raise interest rates, but has since changed course and decided to hold firm. Why? Because currencies are tanking all across the globe, and a stronger U.S. dollar – a double-edged sword – is making export goods more expensive and hurting international business. Welcome to 2015, the year of the currency wars. Things are about to get volatile, so hold on. Wall Street bears are warning that a crisis is near, according to CNN Money:

The bears build their case that a crisis is near [based] on four factors: falling oil prices, stagnant wages, the “two-edged sword” of a strong US dollar and big trouble abroad.
“Earnings and economic activity are actually weakening, not strengthening,” says James Abate, chief investment officer at Centre Asset Management, which manages over $8 billion. “The growth outlook, to us, is deteriorating.”

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