For me , having a single eurozone country, no matter how big it is, matching a criteria for currency manipulation, should be a hint that the argument to detect such manipulation has a serious flaw. Instead Trump (initially) accused Germany of manipulating the Euro. A *strong* exporting country...
Does this make sense?
The asset bubble in the US was caused by Asian (mostly Chinese) currency manipulation.
Why? Because if the Chinese (and other Asian export-oriented economies) were buying US assets not because they thought those assets were a good value, but simply as a way to manipulate...
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