Archived China Stocks Halted, Offshore Yuan Crashes After Biggest Devaluation Since August | Zero Hedge (zerohedge.com)
submitted ago by kona_mocha
Posted by: kona_mocha
Posting time: 4.9 years ago on
Last edit time: never edited.
Archived on: 2/12/2017 1:51:00 AM
Views: 99
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18 upvotes, 0 downvotes (100% upvoted it)
Archived China Stocks Halted, Offshore Yuan Crashes After Biggest Devaluation Since August | Zero Hedge (zerohedge.com)
submitted ago by kona_mocha
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[–] [deleted] 0 points 4 points 4 points (+4|-0) ago
[–] watch_listed 0 points 2 points 2 points (+2|-0) ago
The resulting upheaval would make the eastern front of WWII look like a small dustup.
[–] watch_listed 0 points 1 point 1 point (+1|-0) ago
So the yuan is good enough and a sufficiently strong fiat currency to back an international bank, fund development, and back international trade, but their stock market keeps fighting to correct and they slash its value? Brilliant !
[–] reivin ago
Whelp, trading tomorrow should be extremely, uh, interesting.
[–] greycloud ago
currency devaluation is a way to ship in more jobs from overseas. this will directly result in more middle class jobs in the US being shipped overseas, and will further damage the US economy. go thank goldman sachs