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The role of ‘too big to fail’ in trade imbalances – Synthetic Assets
https://syntheticassets.wordpress.com/2025/04/11/the-role-of-too-big-to-fail-in-trade-imbalances/
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I agree with Michael Pettis on one thing: ‘the US dollar’s role as the primary safe currency has made America the chief enabler of global economic distortions’. Pettis, however, seeks to frame this…
