An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Pages
▼
Pages
▼
Tuesday, May 23, 2017
Zero Hedge — Yuan Tumbles As Moody's Downgrades China To A1, Warns On Worsening Debt Outlook
ZH/BBG/TWTR/everyone has been pimping the China blowup story for the last few days. Hillarious because the yuan moves like 0.01 against USD after the downgrade and then fades away in 10 minutes. Going to be disappointed punters.
ZH/BBG/TWTR/everyone has been pimping the China blowup story for the last few days. Hillarious because the yuan moves like 0.01 against USD after the downgrade and then fades away in 10 minutes. Going to be disappointed punters.
ReplyDeleteUndercuts the China as currency manipulator narrative.
ReplyDeleteNow Moody's is the currency manipulator.
This comment has been removed by the author.
ReplyDeleteChinese are going to be pissed. They may consider this an act of war.
ReplyDeletesarc
baccarat
บาคาร่า
จีคลับ
Right knowing China they probably bought/bribed Moody's and downgraded themselves...
ReplyDeleteTom nailed it. Economics is just warfare by other means.
ReplyDeleteRight knowing China they probably bought/bribed Moody's and downgraded themselves...
ReplyDeleteHa ha. Good one. Even if they didn't they are probably laughing up their sleeves.
How will China ever find enough Yuan jo pay their "debts"? :-)
ReplyDeleteOffshore yuan reversed today and spike up to a two month high.
ReplyDelete