Richard Koo: China In Lewis Turning Point Golden Era

The market has been beset by calm over the past few weeks, Nomura's Chief Economist Richard Koo writes, but under the surface I see a great deal of pent-up energy waiting to erupt. Much of this eruption could take place in the context of central bank action (or inaction) before the US presidential election.

There are two camps at the Fed: Those concerned about market repression and those who are concerned about the US dollar . . .


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