Jeez. From where I sit, you make it sound like the Belmont Stakes, lol!
Offshore Yuan Is At 7.0371
- Thread starter Stockolio
- Start date
Jeez. From where I sit, you make it sound like the Belmont Stakes, lol!
One thing Trump/America are good at is destroying currencies. How they do it, I don't know, but there is a currency destruction team at the CIA.
Oh of COURSE it does, in hindsight.
I'm normally the Chicken Little around here, but seriously? This is not the end of fiat!
Lol you smoking on some quality loud tonight... It's not the over 800 Trillion Yuan in liabilities, it's the CIA ?
Sure, but it's about creating the tipping point.
very confusing ....
News reporters, experts like to say
YUAN TUMBLES !!!
Professional traders who use chart to trade prefer to say
YUAN WENT up massively !
Simply because on the chart yuan price is going up.
Currency shouldn't be given any special preference.
MARKET WRAP?!?!
For goodness sake, just say market DOWN !
STOCKS PLUNGE ---> simply say STOCKS DOWN !
Bond yield up --> bond price down !! (because Y axis is bond price not bond yield)
News reporters, experts like to say
YUAN TUMBLES !!!
Professional traders who use chart to trade prefer to say
YUAN WENT up massively !
Simply because on the chart yuan price is going up.
Currency shouldn't be given any special preference.
MARKET WRAP?!?!
For goodness sake, just say market DOWN !
STOCKS PLUNGE ---> simply say STOCKS DOWN !
Bond yield up --> bond price down !! (because Y axis is bond price not bond yield)
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https://www.bloomberg.com/news/arti...rd-lows-as-china-pain-spreads?srnd=markets-vp
Stock investors have never been so downbeat on the world’s biggest banks.
China’s “big four” state-owned lenders, which together control more than $14 trillion of assets, tumbled to record-low valuations on Monday amid mounting concern that Beijing will encourage them to bail out smaller peers. Industrial & Commercial Bank of China Ltd., the world’s largest lender by assets, lost $11 billion of market value last week after injecting capital into a troubled regional bank as part of a government-orchestrated rescue.
Big Chinese lenders have long sacrificed profits in the name of national service, but that prospect has become increasingly worrying as pressure builds on their regional, city and rural peers. Smaller Chinese banks tracked by UBS Group AG need an estimated $349 billion of fresh capital -- a sum they may struggle to raise without support from the likes of ICBC. For shareholders already skittish about the trade war, rising corporate defaults and slowing economic growth, it’s yet another reason to sell.
When Mr t wakes up and finds out china stopped buying any US Agriculture and is beginning to devalue the yuan, shit might get real bad... He's gonna run his twitter fingers
Stock investors have never been so downbeat on the world’s biggest banks.
China’s “big four” state-owned lenders, which together control more than $14 trillion of assets, tumbled to record-low valuations on Monday amid mounting concern that Beijing will encourage them to bail out smaller peers. Industrial & Commercial Bank of China Ltd., the world’s largest lender by assets, lost $11 billion of market value last week after injecting capital into a troubled regional bank as part of a government-orchestrated rescue.
Big Chinese lenders have long sacrificed profits in the name of national service, but that prospect has become increasingly worrying as pressure builds on their regional, city and rural peers. Smaller Chinese banks tracked by UBS Group AG need an estimated $349 billion of fresh capital -- a sum they may struggle to raise without support from the likes of ICBC. For shareholders already skittish about the trade war, rising corporate defaults and slowing economic growth, it’s yet another reason to sell.
When Mr t wakes up and finds out china stopped buying any US Agriculture and is beginning to devalue the yuan, shit might get real bad... He's gonna run his twitter fingers