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But that is not the contention. I was objecting to Jerome's complaint that a currency cannot simultaneously be in crisis and overvalued. My retort is that a currency can only be in crisis when it is overvalued.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri Jun 3rd, 2011 at 06:38:27 AM EST
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