Since last Thursday, a strange tension could be sensed on trading floors in Hong Kong and China, then on Friday, the $CNY suddenly sold off against the $USD. While the event has been greatly overlooked so far by investors, it might have been a pretty loud warning about the next…
Tag:$CNY
WHY #CHINA MARGIN LENDING NIGHTMARE IS A BIG WARNING TO #US AND #EUROPE #STOCKS
As you know, I am currently in mainland #China, so please forgive me if I am going to be extra careful about anything I write until next week. Yesterday, #China #stocks suddenly started to free fall in what could have turned into a 1987 style crash if it wasn’t for…