Below is a chart and brief excerpt from today's Early Look written by CEO Keith McCullough. Click here to learn more.
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One of the biggest impediments to Chinese “stimulus” causing an #acceleration in growth is a STRONG US DOLLAR. As anyone who has read Darius’ research on the matter knows, this time is actually different for China. They’re no longer running a massive current account surplus. And… being the EM world’s largest borrower of US Dollar denominated debt, they are effectively short US Dollars. |
