Brad Setser says exchange rate adjustment is essential if China is to rebalance global trade. With domestic demand no longer lifting imports, any shift would have to come through slower export growth against a manufacturing surplus he has put above $4 trillion.
published
Brad Setser says exchange rate adjustment is essential if China is to rebalance global trade. With domestic demand no longer lifting imports, any shift would have to come through slower export growth against a manufacturing surplus he has put above $4 trillion
Latest documented BWB result
$SECZ market result
Exit $SECZ with .95 profit per share - thanks to a nice after hours pop. Will re-enter tomorrow most likely
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