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Interesting. I’ve heard a couple Michael Hudson interviews and it was interesting. Dude worked for Chase or something IIRC in foreign loans so he really knows how the sausage is made.
So if you have USD denominated debt you need to export to be able to pay it down, but then why would US dollars coming in be bad for a country like China who’s not in debt?
Hard to say. People were saying that in 2018 and line went up since then. The ARK TSLA valuation was pretty funny though.
Interesting is this from David Harvey’s companion? There’s a good Coursera course on the general role of the money market and money in finance.
Quick need a Netflix or Amazon streaming recommendation to watch with dinner.