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Bond Voyage, Brace or Embrace, and 3 Bails & A Buy 8/18/23

The Exchange

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Analyzing China's Currency and Financial Risk

This chapter analyzes the recent movements in China's currency, debates the reasons behind its weakening against the US dollar, and discusses efforts to reduce financial risk in the country. They also mention the impact of the government's crackdown on firms like Alibaba and question the relevance of stocks compared to a 5% risk-free yield.

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