Michael Pettis: Do Markets Determine the Value of the RMB?
Naked Capitalism / Posted 14 days ago
Yves here. Get a cup of coffee. This is a long and worthwhile read. And as is usual for Pettis, he has a very careful set-up of all of the background issues before he states his conclusions. So if you are impatient, you can read the headers, and... Read more