China’s Currency And The Three Options For Renminbi Policy by Worth W. Wray featuring guest contributions from George Magnus & Chen Long Evergreen Gavekal “The dollar may be our currency, but it’s your problem.” – US Secretary of the Treasury John Connally in 1971 Summary Of EVA’s Key Points China’s decision to devalue its currency—for reasons we still do not fully understand—has set a dangerous series of events in motion which are already disrupting global financial markets. In fact, it was China allowing its currency to drop a seemingly minor 3% against the US dollar last month that triggered the recent bout…
China's Currency And The Three Options For Renminbi Policy
Guest Post
If you are interested in contributing to ValueWalk on a regular or one time basis read this post http://www.valuewalk.com/guest-posts-hedge-fund-letters/ We do not accept any outside posts or even ads on penny stocks, ICOs, cryptos, forex, binary options and related products.