China’s stock market crash left a host of casualties in its wake—from a weakened renminbi to plummeting commodity prices.
RMB or QE? The truth behind the currency wars, and the real threat to the global economy
In 2010, Brazilian Finance Minister Guido Mantega sent ripples through the financial world by voicing something that had been on many people’s minds but remained unspoken: an “international currency war” was on the horizon. In China, those fears go back even farther to 2007, when economist and former advisor to Fannie Mae and Freddie […]
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