Replay Webcast: Russell Clark on Is China Going to Devalue?
Russell talks about how the bear market in Chinese tech may be signalling bigger problems in China.
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"Bitcoin is a scarce asset by definition, but is it still an illiquid asset?"
"For bond markets, is wage inflation the only inflation that counts?"
"If Chinese policymakers are looking to promote growth, they could look at the US in the 1930s for ideas."
"The price of a Big Mac should match up with not only the cost of food, but prevailing wages and rent. In 2000 one ounce of gold bought 100 Big Macs. This increased to 400 by 2010. Currently it buys 350."