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?