Monday, January 2, 2017

Zero Hedge — Yuan Dumps, Bitcoin Jumps As China Researchers Suggest "One-Off Devaluation" & Capital ControlsYuan Dumps, Bitcoin Jumps As China Researchers Suggest "One-Off Devaluation" & Capital Controls


Float that sucker. What are you waiting for?

Bite the bullet like Russia did and it was not the end of the world for them. The ruble stabilized relatively quickly and the Chinese economy is way larger than Russia's and not a victim of Dutch disease either.

3 comments:

The Rombach Report said...

China Researchers Suggest "One-Off Devaluation"

As with cockroaches, there's never just one.

Tom Hickey said...

@ Ed

Exactly. Just whets the appetite of the Soros's of the world.

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