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<title>China in a Vise: No real way to respond to further tarrifs</title>
<link>http://teodesian.net/posts/a8473dd8-13f3-11ec-bdd7-e94b8c1d08fc</link>
<description><![CDATA[They're boxed in by their existing problems with capital flight due to money printing.  If they dump T-bills, it makes their goods less competitive.  If they devalue, capital flight resumes.  Nowhere to go but war.
<br /><br />
Meanwhile, the Russians did the sane thing in reaction to sanctions, and preserved the value of their currency by <a href="http://thesaker.is/where-did-the-russian-portfolio-of-american-bonds-disappear-to/">Dumping half their T-Bills</a>.
<br /><br />
And here's the smart case for what should be going on: <a href="https://www.themaven.net/mishtalk/economics/no-matter-what-any-other-country-does-the-correct-action-is-to-reduce-tariffs-g26Oa2AssESVuJ8milunmQ/">Unilateral free trade</a>.]]></description>
<author>doge</author>
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<pubDate>2018-06-23T09:53:47</pubDate>
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<title>China in a Vise: No real way to respond to further tarrifs</title>
<link>http://teodesian.net/posts/1529747627</link>
<description><![CDATA[They're boxed in by their existing problems with capital flight due to money printing.  If they dump T-bills, it makes their goods less competitive.  If they devalue, capital flight resumes.  Nowhere to go but war.
<br /><br />
Meanwhile, the Russians did the sane thing in reaction to sanctions, and preserved the value of their currency by <a href="http://thesaker.is/where-did-the-russian-portfolio-of-american-bonds-disappear-to/">Dumping half their T-Bills</a>.
<br /><br />
And here's the smart case for what should be going on: <a href="https://www.themaven.net/mishtalk/economics/no-matter-what-any-other-country-does-the-correct-action-is-to-reduce-tariffs-g26Oa2AssESVuJ8milunmQ/">Unilateral free trade</a>.]]></description>
<author>doge</author>
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<pubDate>2018-06-23T09:53:47</pubDate>
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