joshuafkon

8 ms·

61.
by joshuafkon 7y ago
He has an excellent blog - he’s also active on Twitter. I believe he’s @michaelxpettis
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by joshuafkon 7y ago
I am working on a post on just that topic now! if you subscribe on my website it will send you a notification when I publish a new blog post https://www.cassandracapital.net/
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by joshuafkon 7y ago
China has strict capital controls to prevent money from leaving the country. If people believe that China is going to substantially devalue their currency, the will try to pull money out of the country and invest it elsewhere. The risk is t
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by joshuafkon 7y ago
Thank you so much - I’m so glad you enjoyed it! If you’re interested in this topic I highly recommend “The Great Rebalancing” by Micheal Pettis. A really good book that looks at how currency manipulation and other factors have created imbal
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by joshuafkon 7y ago
Well, currently (more or less) the devaluation just offsets the new tariffs that have been imposed. So in real terms there wouldn’t be a huge change. Absent the tariffs it would depend on the specific supply and demand for the good. I suspe
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by joshuafkon 7y ago
Whoops - good catch! Little dyslexia I guess! Thanks!
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Why Did China Just Devalue the Yuan? How Trade Works with Free-Floating Currency(cassandracapital.net)
311 points by joshuafkon 7y ago|166 comments
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Job Losses Are from Trade Not Automation(cassandracapital.net)
1 points by joshuafkon 7y ago|0 comments
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Public Pension Moved into Riskier Assets and Exempted Themselves from Risk Rules(cassandracapital.net)
5 points by joshuafkon 7y ago|0 comments
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Quantitative Easing Prevented Crisis – But We're Reaching a Physical Limit to QE(cassandracapital.net)
3 points by joshuafkon 7y ago|0 comments
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Italy’s New ‘Parallel Currency’ Proposal Risks the Implosion of Europe(medium.com)
2 points by joshuafkon 7y ago|0 comments
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Itlay's New 'Parallel Currency' Proposal Risks the Implosion of Europe(cassandracapital.net)
2 points by joshuafkon 7y ago|0 comments
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Shortage of Dollars and Pigs: Chinese Dollar Reserves and an Agricultural Crisis(cassandracapital.net)
3 points by joshuafkon 7y ago|0 comments
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The Zombie Apocalypse is Here: the zombification of the economy since 2008(cassandracapital.net)
2 points by joshuafkon 7y ago|0 comments