Should proof read before submitting. . .

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rufdiamond

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Should proof read before submitting. . .

in response to

Reflexivity 'a la' George Soros

rufdiamond

posted on Jul 22, 2008 08:05AM

Expierienc since floating exchange rates were introduced in 1973 has disproved this view. Insatead of fundamentals determining exchange rates, exchange rates have fpund a way of influencing exchange rates."

This should read, "Experience since floating exchange rates were introduced in 1973 has disproved this view. Instead of fundamentals determining exchange rates, exchange rates have found a way of influencing fundamentals."

RUF

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