Goldman Sachs researchers have been hitting the history books again, trying to divine what happens to currencies when economies stagnate. Answer: Not as much as you might think
Looking at exchange rates for years before and during “stagnation”, Goldman found that year-to-year FX volatility in such periods is lower than in normal periods. But a lot of it depends on the type of stagnation.
Twitter does have some very strange Trends. These are the things that appear on the right-hand side of the page that show what people are talking about. They more they talk, the more likely it is that something will get listed. More often than not they are about celebrities such as Justin Bieber.
But today’s Worldwide Trends was particularly unusual.
#ThingsStrongerThanTheKenyaShilling was right up there near the top.
As the graph here shows, the shilling has taken a heavy beating since the Lehman Brother collapse. This is one reason for the Twitter outburst. ”Kenyans are getting fed up,” said @oreo_junkie, whose Twitter feed states it is from Nairobi.