Kyle Bass Was Right: Here Is SocGen’s Primer How To Trade The Biggest Yuan “Depreciation Wave” Yet

by Tyler Durden
ZeroHedge.com
Jul 11, 2016

The new risk scenario for CNY is 8.0 (20% increase in USD-CNY). The caveat is that the pain threshold for the market appears to be much higher than before and the implications for the global financial markets will primarily depend on the speed of depreciation. We believe that it would take significantly more pressure on capital flows than what we have seen over the past few years, or an economic hard landing, for our risk scenario to unfold.

The Rest…HERE

This entry was posted on Tuesday, July 12th, 2016 at 2:07 am and is filed under China, Economics. You can follow any responses to this entry through the RSS 2.0 feed.