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For the 15 years through 2012, Laurent has outperformed the market with 16% annual returns, compared to 5% for the market. Laurent's international career has stretched through US and Europe. He earned an MBA from Boston University and an MS in Engineering from RPI.
My company:
Longs, Shorts, and Mini-Skirts
  • What The Widening Of The Trading Range Means For The Yuan. 0 comments
    Jun 11, 2014 11:23 PM | about stocks: CNY

    This Barron's article seems logical to me. It says that the decline in the yuan is due to a reduction in the Chinese government's support for a premium to free market exchange rates. This acute event created outflows of currency which outpaced the inflows. The inflows should continue and I agree with the researchers that this outflow will settle down. This combination would return to an appreciation of the yuan. I rate CNY a "buy".

    Disclosure: The author is long CNY, UUP.

    Themes: China, Chinese Renmimbi, Yuan Stocks: CNY
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