August 11, 2015
CURRENCIES ARE FUTURES, BUT THE PRC HAS NONE:
China devalues yuan in shocking move (Charles Riley, 8/11/15, CNN)
The People's Bank of China allowed the yuan to depreciate by nearly 2% against the U.S. dollar on Tuesday, the result of a surprise policy change that roiled international currency markets.The sudden devaluation is the largest in two decades, and comes amid slower economic growth and increased stock market volatility in China.
Are there really people shocked that China is a dumpster fire?
Posted by Orrin Judd at August 11, 2015 3:11 PM
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