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https://thehill.com/homenews/senate/443195-trump-jr-subpoena-spotlights-gop-split-over-russia-probes

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What is different in this slowdown is China’s floating currency. In prior periods, China’s strategy was demand stimulation. Now, quite a bit of the work can be done through depreciation of the renminbi. Exports have increased. Compare a strategy of insulating China through currency depreciation as opposed to demand stimulation: The former is somewhat destructive […]

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