Meanwhile as the strong dollar monkey hammers oil, commodities, and Emerging Markets, no less than three Central Banks have called for "Global Coordinated Currency Intervention". Risk assets rallied on the news, even though no one has a fucking clue what that means...
"We need to figure out how to devalue all four of these currencies at the same time, before the next wave of selling hits...Any ideas?"
"And while we're at it, we need to figure out how to unfuck seven years of global coordinated failure"
