Competitive currency devaluation and the currency war

The US is the cleanest shirt

Last week, I was talking to Megan Greene, the former chief economist at John Hancock for an interview on the US and European economies. And she said something that resonated with me about the global growth slowdown. She quipped: "The US is the cleanest shirt in the dirty laundry basket".

I know what she meant too. The US, desp…