“In the short run, China has no option but to accumulate more reserves and dollar reserves. Why? Because if they stop doing that, their currency would appreciate sharply while their exports are plunging.”
“In the short run, China has no option but to accumulate more reserves and dollar reserves. Why? Because if they stop doing that, their currency would appreciate sharply while their exports are plunging.”

It’s a bubble! They’re burning mad cash! It’s a front for drug money! Politician’s toy! Their games...
my happiness looks like this.. 😘😃😉
Kilauea, Hawaii, USA
“Folding Lava” (by Justin Reznick)