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China exhibits monetarist discipline

Summary:
Commies going full monetarist moron:The U.S. faces the “most severe” inflation risks of any major economy due to the large deviation between the growth of its money supply and GDP since the pandemic, the People’s Bank of China said recently in its quarterly monetary policy report. On Tuesday, Governor Yi Gang said he’ll aim to match money supply and nominal economic growth rates.China’s charts a more independent course as it sees risks from Fed policies https://t.co/B8UfTXBf1r— Bloomberg Next China (@next_china) August 25, 2021

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Commies going full monetarist moron:


The U.S. faces the “most severe” inflation risks of any major economy due to the large deviation between the growth of its money supply and GDP since the pandemic, the People’s Bank of China said recently in its quarterly monetary policy report. On Tuesday, Governor Yi Gang said he’ll aim to match money supply and nominal economic growth rates.





Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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