• It's Coming...

    MARKET EDGES

    Identify global risks and opportunities with essential macro intel using Hedgeye’s Market Edges.

South Korea's new President (Bak) didn't waste any time and fired his minister of finance last night, alongside 3 other cabinet ministers. Why? The -10% decline in the Korean Won...

In conjunction with the change of their lineup, the South Koreans issued explicit rhetoric that the government felt the need to take "stern action" to strengthen their currency.

I'm assuming Hank Paulson took note.
KM