Remix.run Logo
datavirtue 3 days ago

They are very much devaluing their currency. This is all the rage and I expect a currency devaluation race as the US tries to deal with crushing government liabilities.

nradov 2 days ago | parent [-]

It's not just China and the USA. Pretty much all countries want to devalue their currency to improve their balance of trade in a race to the bottom. Logically not everyone can win the race.

mensetmanusman 2 days ago | parent [-]

Someone needs to figure out the best hack for what to do with high value currency.

chowchowchow 2 days ago | parent [-]

Isn’t it to sell home currency denominated debt…?