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They are very much devaluing their currency. This is all the rage and I expect a currency devaluation race as the US tries to deal with crushing government liab
by datavirtue 1y ago
They are very much devaluing their currency. This is all the rage and I expect a currency devaluation race as the US tries to deal with crushing government liabilities.
- nradov 1y agoIt's not just China and the USA. Pretty much all countries want to devalue their currency to improve their balance of trade in a race to the bottom. Logically not everyone can win the race.
- mensetmanusman 1y agoSomeone needs to figure out the best hack for what to do with high value currency.
- chowchowchow 1y agoIsn’t it to sell home currency denominated debt…?