Jim Rickards: Japan and the secret ‘Shanghai Accord’

Crux note: Two weeks ago, we shared Jim’s unique theory on the motivation behind recent moves by the central banks of the U.S., China, Japan and Europe. In short, Jim believes these recent moves were a coordinated plan to give the U.S. dollar and China’s yuan “a break” versus the Japanese yen and euro. He calls this secret plan “The Shanghai Accord.”

Since we published Jim’s theory, the yen and euro have continued higher just as he predicted – while the dollar and yuan have backed off all-time highs. Below, he shares an update on his theory along with one of the best ways to profit today…

From Jim Rickards, Editor, Currency Wars Alert:

One of my persistent critiques about Wall Street research is that analysts don’t get away from their desks enough. They spend all day staring at screens of data, streaming news, websites, blogs, etc., watching the…

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