Chinese Yuan

[Lights]

The Yuan, CNY/USD controls all.... US media will never admit it tho... it is the one instrument that controls all our destinies.

 

[felixbocharov]

imo the devaluation is inevitable, but what's going to happen after the devaluation is really interesting, especially the reaction of western world.

 

[Sig]

The Yuan, CNY/USD controls all.... US media will never admit it tho... it is the one instrument that controls all our destinies.

Care to provide any reasoning behind that bold pronouncement, or we just take your word for it?

 

[ETcallhome]

The Yuan, CNY/USD controls all.... US media will never admit it tho... it is the one instrument that controls all our destinies.

well, for starters it's USD/CNY and for most us whose destinies are being controlled it's USD.CNH. It's the one (or two if you count the domestic) currencies that needs to go both up and down at the same time. It's really quite a predicament they have gotten themselves into. Good luck to them and their business, especially as to how it doesn't affect mine.

 

[debitspread]

Everyone wants to be George Soros...

 

[m22au]

Kyle Bass Yuan commentary:

http://www.valuewalk.com/2016/02/kyle-bass-china/?all=1
(thanks for the link Daal)

ZeroHedge article about the same letter
http://www.zerohedge.com/news/2016-...ws-collapse-chinas-34-trillion-banking-sector

with a link to Scribd which probably provides the same presentation
https:// www dot scribd.com/doc/298922249/Hayman-Market-Commentary-on-China-February-2016

.

 

[m22au]

CNBC article about the same letter
http://www.cnbc.com/2016/02/10/kyle...s-banks-subprime-losses-in-credit-crisis.html

.

 

[MacroAlex]

Great thread. The point is that shorting the Yuan ist very expensive via options or spot.

 

[SunTrader]

Whole lotta article links. Very little discussion.

 

[m22au]

Great thread. The point is that shorting the Yuan ist very expensive via options or spot.

I'm assuming "ist" is a misspelling - did you mean "is" or "isn't" ?

.