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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
Date: August 15, 2019

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
Date: August 14, 2015