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What havoc might result if the Chinese authorities were to stage a large-scale currency depreciation?
commodities
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Fear of shortages may be hard-wired in the human brain, leading us to worry about threats that are fading and downplay those that loom large.
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High commodity prices were a mechanism for enriching plutocrats, oligarchs and sovereign wealth funds – effectively turning global labour income into capital which was then recycled into securities, prime real estate and art…