China in 'Wrenching' Economic Adjustment: Stephen Gallo

The transcript discusses the potential depreciation of the RMB due to China's economic adjustments, including deleveraging. It highlights the impact of global events like Brexit on the USD and explores currency volatility and investment strategies. The discussion also clarifies misconceptions about China's economic adjustments and their implications.

What is one of the key aspects of China's economic adjustment?

• Strengthening the RMB

• Raising domestic prices

• Increasing domestic output

• Deleveraging

How do global political events like Brexit and the Brussels attacks affect the US dollar?

• They cause the dollar to fluctuate wildly

• They weaken the dollar

• They have no effect on the dollar

• They strengthen the dollar

What is the potential impact of the PBOC's experience in 2015 on current RMB policy?

• It has no impact on current policy

• It encourages tighter monetary policy

• It discourages large one-off devaluations

• It may lead to another large devaluation

What was clarified about China's economic adjustment in the final section?

• It has no impact on domestic prices

• It was described as a complete failure

• It is a significant ongoing adjustment

• It is a short-term adjustment