MacroVoices #377 Daniel Lacalle: On The Road To Stagflation
Macro Voices
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I don't think I would see a hedge fund deciding to put its liquidity in a brick currency. China is about 13, 14% of the world's GDP and its currency is only used in 4% of global transactions. Brazil also very much a much lower percentage of the utilization of the currency relative to the size of the economy. So maybe align a bit better those ratios, but not necessarily or at least certainly not in the short term.
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