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The Wall Street Journal hits the nail on the head with this headline: Yuan’s Fall Is Just ‘Noise’ Amid Deeper China Woes . When the financier George Soros attacked the British pound in 1992 and famously “broke the Bank of England†he was trading on a conviction that the currency was misaligned. Britain devalued after squandering its reserves in a vain defense.
This revelation came from the Asian Financial Forum held in Hong Kong where Bernanke Downplayed China Impact on World Economy .
Continued here: China Declares War on Currency Speculators; Interbank Yuan Rates Spike to Record High 13.4%
Visit site: Mexico Blames China for "Frankly Perverse" Currency Wars Then Joins Mad Intervention Party
Margin Requirements Double on Yuan Currency Trades; China Recap Posted by Michael Shedlock at 6:45 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s)
Terror in Mali: An Attack on China and Russia?
China Posts Lowest Business Sentiment on Record as Deflationary Pressures Rise Markit reports China Posts Lowest Business Sentiment On Record .
Link: China Contraction Unexpectedly Continues Third Month
Original post: US Pacific Hegemony vs. a Rising China
