China, Valuation Charts and Recession Watch ChartsGuest Post
China, Valuation Charts and Recession Watch Charts
January 8, 2016
By Steve Blumenthal
China marked its currency lower once again yesterday. That makes eight days in a row they lowered the yuan. Last August, they devalued the yuan and that sent global equity markets into a dive. As Yogi Berra would say, “It’s déjà vu all over again.”
For many years, the yuan had been pegged to the dollar. The Fed’s move to raise interest rates not only strengthens the dollar versus . . .
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