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[$$] Why China’s Yuan Fall Hasn’t Stopped Stocks—Yet
The S&P 500 fell more than 10% within a few days, the usual definition of a correction, and global stocks plummeted. The answer is a reflection both of the relative strength of China and the U.S., and investors’ views of Chinese policy. The risk was that devaluation*would spread*falling prices from China’s businesses*to the rest of the world,*when the global economy was already perilously close to deflation.
https://finance.yahoo.com/m/d6df20b...ce6/[$$]-why-china’s-yuan-fall.html?.tsrc=rss
The S&P 500 fell more than 10% within a few days, the usual definition of a correction, and global stocks plummeted. The answer is a reflection both of the relative strength of China and the U.S., and investors’ views of Chinese policy. The risk was that devaluation*would spread*falling prices from China’s businesses*to the rest of the world,*when the global economy was already perilously close to deflation.
https://finance.yahoo.com/m/d6df20b...ce6/[$$]-why-china’s-yuan-fall.html?.tsrc=rss
