Worrying Signs From China – Is The PBOC Stuck In A Catch 22?

2018-7-26 20:19

As we talked a few letters back about the prospect for protectionism and tariffs turning into currency wars, which then have a tendency to turn into hot wars, it was largely apparent this week things have certainly escalated.

The PBOC has decided to fight Trump and his tariffs with a little bit of devaluation. Now […].

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wars pboc tariffs apparent week turn hot