And Now for the Winners —

While everyone is watching GDP figures to understand who the winners and losers are in the global economic crisis, one could also pick a different ruleset, if one sensed there were a different game on altogether.

Currencies, for instance.

Here is a quick quiz:

Q: How many world currencies fell against the dollar since the crisis began?

A: All but three. 

Can you name them?

China, Hong Kong (i.e., China), and Japan.


Is this fight about GDP, or about currencies?  If you had an export-driven economy, which would you pick?

If you are not from one of these two countries, are you really planning on exporting to them?   Really?  Have you thought this through?