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Hubert Alexander Krag Borke reposted
China has three options: 1. Concede defeat to whatever terms Trump demands 2. Devalue the yuan by 20-40% 3. Unleash biggest fiscal stimulus in its history (talking $2-3 trillion) which will push its debt off the chart
Hubert Alexander Krag Borke reposted
PSA: It's a good time to dust off your copy of Broken Money and read chapter 13, called "Heavy is the Head That Wears the Crown".
I re-read chapter 13 of your book 2 weeks ago all of this made complete sense
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