So the stocks rallied. Why? Because of China Yuan reform strategy...
But as highlighted in my link:
- Recommended reading: Yves' China’s Renminbi Announcement: A Big Headfake
And guess what... the headfake was true as China threw the screwball by keeping the Yuan flat!
On CNBC: China Keeps Yuan Flat Despite Flexibility Pledge
- China told the rest of the world on Friday not to meddle with the way it manages the yuan, calling the exchange rate a sovereign matter for it alone to decide.
How?
And as expected... Global rally cools after China leaves yuan flat
ROFLMAO!!!
Life is fun eh?
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