(from my diary on the "savings glut theory") The brainless should not be in banking. — Willem Buitler
But once you have three or four currencies in the basket that float against each other, the individual exchange rates start fluctuating simply due to internal movements within the basket. I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
