LegendKiller
Lifer
- Mar 5, 2001
- 18,256
- 68
- 86
You mean they intervened to depreciate their currency.The PBOC just intervened to prop up the value of their currency, literally last week. Their real effective exchange rate has increased by about 30% over the last 4 years. Furthermore, I didn't pinpoint where it would end up, I just said it would fall. I'm very comfortable with that.
Of course I wouldn't be, but Trump's ignorant ranting on the subject isn't helping. He just sounds stupid when he does things like this.
Nope, just letting you know that the 'China's currency is being held too low' thing is likely inaccurate.
Yeah, that's it.
