The renminbi has become a prime indicator of the dollar’s fortunes in the same way that Japan’s yen was in the 1990s. Reflects shift in management of RMB since 2015 and outsized significance of trade deficit with China.
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RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…