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Yuan Intervention Poised to Fail: All Not Well in Middle Kingdom

Friday, January 6, 2017 19:24
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(Before It's News)

mishtalk.com / Mike “Mish” Shedlock / January 6, 2017 3:46:03

China desperately wants the yuan to rise to stem capital flight. Curiously, this puts China on the same wavelength as Trump, at lease as far as currencies go.

However, currency intervention does little in the short run, and nothing in the long run. Let’s take a look at some charts.

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The post Yuan Intervention Poised to Fail: All Not Well in Middle Kingdom appeared first on Silver For The People.



Source: http://silveristhenew.com/2017/01/06/yuan-intervention-poised-to-fail-all-not-well-in-middle-kingdom/

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