I believe the free market will decide where the yuan will go in the future ― not the PBOC. If there’s enough pressure and the trade war gets worse, the yuan peg could break.
Last week, 14 African nations met in a forum in Harare, Zimbabwe. Members of the Macroeconomic and Financial Management Institute of Eastern and South Africa (MEFMI) generally agreed that they should be including the Chinese…
The new oil futures contract is one of the many Chinese efforts to internationalise their currency. Yet the adoption pace has been slow. However, there could be a couple of catalysts that could cause the…
China is also looking to promote the Yuan around the world to become more prominent in international trade. This is a very big deal. Especially as it is coming at a time when there are…
If your chances of picking a dud increase with the more stocks you add to your portfolio, there’s an argument to be made for keeping a small portfolio of high-quality businesses.
We sounded the alarm bells last week. We believe the US Federal Reserve won’t raise rates next month… find out why
Markets have long speculated about China’s corporate debt bubble. China can’t artificially prop up its system forever. Eventually it will fail.
The biggest financial story in the world today is not Fed policy or emerging-market debt. The biggest story is the global US dollar shortage.
China is now embroiled in an internal political struggle around the efforts of President Xi to make himself the most powerful Chinese leader since Mao.
If Trump’s term in office proves to be anything like his first week, champagne will be in high demand on Wall Street.
The US dollar is locked in a major bull market, rising against every currency — not just the Chinese yuan. The US dollar should scream higher into 2018.
Funny money is getting funnier and funnier. Our challenge is to figure out who the butt of the joke is.
Given China’s economic growth is relatively healthy, you have to ask why capital isn’t interested in hanging around.
Volatility is waiting to explode due to unstable currency exchange rates, bank liquidity crises, geopolitical uncertainty, and a wild US election cycle.