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主题:【原创】别话8:2010新春夜话:串说最近的新闻几句 -- 葡萄

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家园 reserve currency depreciatio

depreciation is different from average nation's currency depreciation: there is serious implication on capital outflows.

The first global reserve currency was GB pound: its financial elites tried all means to defend a strong currency in the pre-1914 empire era.

Most people just repeat the standard answer from the textbook--but they do not understand that different conclusions apply in different settings. Ke Zhou Que Jian.

Let's short Euro market now. It is the beginning of the end of Euro.

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