China Stuck in a Feedback Loop | The Dollar or the Dark Ages? – Tough Call.
The FT published a brilliant article on Monday (May 25) entitled, “Beijing is caught in ‘trap’ over dollar.”
The article suggests the world’s fastest growing economy has placed too much of its hard-won cash reserves in the U.S. debt market and, as a result, has locked itself into a bit of a jam. As the [...]