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@alfiano If I follow, cross border investment allows purchasing parity to be maintained between two countries even though rates of return and inflation differ. How does the purchasing power of local currency compare when the inflation rates internally differ? If there is a balancing mechanism...

@alfiano Interesting. I can see that the "invisible hand" is at work balancing Forex. Could you give a similar review of the implications within each country, especially with regards to those of us covering debt, rather than having capital to throw at investments. My thinking is that investment...