News Sources wrote an interesting post today on
Here’s a quick excerpt

Project Syndicate

China's Forex FolliesProject SyndicateBERKELEY – On August 11, China devalued its currency by 2% and modestly reformed its exchange-rate system. This was no earth-shattering event, but financial markets responded as if a meteorite had struck them. The negative reaction is no mystery: …and more »

Read the rest of this great post here

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