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Tag: China devalue currency

I HATE Tariffs

I hate tariffs! I hate tariffs! I hate tariffs! PHEW! Now that I got that out of the way, I can get down to business. I really hate the idea of tariffs. The free market should be the ultimate arbiter, absolutely not the global governments trying to protect certain industries. And as I have said over and over and over, no one, not a one, wins a trade war. There are only losers. You can only put so much lipstick […]   Read More
Paul's Insights
Date: August 15, 2019
Paul Schatz, President, Heritage Capital

China Devalues – A Look at Currencies

After a good close last Friday and strong stock market showing on Monday, the bulls hard a tough day on Tuesday as China surprised the markets by devaluing their currency, the renminbi or RMB, overnight in an effort to spur on exports. Japan has been trying to do this for several years by massive amounts of money printing. For most of the world, the free market sets the various exchange rates, but a few countries set their own exchange rates, which can […]   Read More
Paul's Insights
Date: August 14, 2015
Paul Schatz, President, Heritage Capital

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