Forget Brexit: According To Albert Edwards, There Is A Far Bigger Risk To The Global Economy

by Tyler Durden
ZeroHedge.com
Jun 22, 2016

“Our attention has been diverted. China has embarked on a stealth devaluation of the renminbi. Its new trade-weighted currency basket has fallen 10% since just before its initial August 2015 devaluation (white line in chart below) and it has continued to decline since January even as the Rmb/dollar has stabilised.”

The Rest…HERE

This entry was posted on Wednesday, June 22nd, 2016 at 10:07 am and is filed under China, Economics. You can follow any responses to this entry through the RSS 2.0 feed.