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A comment on China lets yuan break 7-per-dollar level for first time in over a decade. Parent comment

Re:China lets yuan break 7-per-dollar level for first time i... by Supermancho on Monday August 05, 2019 @12:42PM (#20615582)
> orderly deleveraging. Instead we get trade wars and nationalism.

How else are you going to politically sell deleveraging? Nationalism ("made in america" stickers) weren't effective in the past. I do not believe it's going to be effective in steering capitalism now.

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Re:China lets yuan break 7-per-dollar level for first time i... by lambdasquirrel on Monday August 05, 2019 @02:08PM (#20616592)
"Made in America" didn't work. But the trade war seems to be "working" as far as marketing goes.

That all said, there was some news the other day that most of the farm bailout has gone to big agricultural firms, so there's that...

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