Ben Bernake(!) Explains Why China's Yuan Is Crashing
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China's yuan keeps plummeting to new lows as deflation and recession collide in a growing global dollar shortage. Yet, Jay Powell tells Congress he's more worried about inflation even though this key money signal is one among many against it. A recent paper by Ben Bernanke actually describes the mainstream problem - in the process inadvertently explaining why Powell is so off.
Video Length: 00:18:55
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Disclosure: This material has been distributed for informational purposes only. It is the opinion of the author and should not be considered as investment advice or a recommendation of any ...
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