If you watch the renminbi, you can easily see that the wheels are coming off the bus in China,...
If you watch the renminbi, you can easily see that the wheels are coming off the bus in China, says Simon Black. It's traded down to the lower limit of its strictly-controlled trading band for the past seven trading sessions in a row as investors flee. After decades of placating the masses with state sponsored hyper-growth, official GDP numbers are now slowing, real estate prices are falling, and inflation is quickening - meaning the day of reckoning is drawing ever closer.
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