The Real Power Behind Currency Wars

What’s going on in China is a very good example of this being all wrong......Obviously, we know that hasn’t been the case. The textbooks are all wrong where currencies are concerned. The weaker euro as the weaker yuan has meant torture for German as well as Chinese industry. The problem isn’t the exchange value so much as what it actually represents in the real world apart from textbook imaginings of outdated theory.

 

 

 

 

 

 

 

 

 

https://davidstockmanscontracorner.com/?p=329709&preview_id=329709&preview_nonce=e7831e4f30&preview=true

 

 

 

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.