devalued

China’s currency has devalued to 2007 level.

The ongoing increase in tariffs on Chinese goods by the United States has caused panic in the market. Investors are selling off Chinese assets, which is leading to an outflow of capital and a sharp depreciation of the currency. On the night of April 8th, the offshore Chinese yuan hit a new low, dropping from …

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Isn’t it amazing they devalued our currency by >25% and printed $10tn to kick the can on a recession for a few more years? Sounds like a scam.

KC Fed Labor Market Index update for April #MacroEdge Labor and cuts are next in the saga. Job market is cooked like gumbo before an LSU football game. pic.twitter.com/N1WXe75cb3 — Don Johnson (@DonMiami3) May 10, 2024 Red X marks March 2001 and December 2007 – start of the two previous NBER indicated downturns pic.twitter.com/Oc7A41pfN5 — …

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