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China wants to devalue by 30% !!!!!!

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  • China wants to devalue by 30% !!!!!!

    http://www.telegraph.co.uk/finance/f...valuation.html

    Sorry I mean Japan......same sort of thing...sort o.....they look the same to me....
    Mike

  • #2
    Re: China wants to devalue by 30% !!!!!!

    “We don’t think a fiscal accident is likely yet. Pension funds will keep buying debt for another five or six years. After that pressure increases,” she said.


    5 or 6 years... Meanwhile long EURJPY or USDJPY seems to be a good trade

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    • #3
      Re: China wants to devalue by 30% !!!!!!

      Originally posted by Mega View Post
      http://www.telegraph.co.uk/finance/f...valuation.html

      Sorry I mean Japan......same sort of thing...sort o.....they look the same to me....
      Mike
      ... you might want to edit that post Mike...
      It's Economics vs Thermodynamics. Thermodynamics wins.

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      • #4
        Re: China wants to devalue by 30% !!!!!!

        Originally posted by Mega View Post
        http://www.telegraph.co.uk/finance/f...valuation.html

        Sorry I mean Japan......same sort of thing...sort o.....they look the same to me....
        Mike
        In What way does China and Japan look the same to you?

        Cindy

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        • #5
          Re: China wants to devalue by 30% !!!!!!

          Originally posted by cindykimlisa View Post
          In What way does China and Japan look the same to you?

          Cindy
          They both speak "ese"?

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