Wall Street Breakfast: Must-Know News [View article]
Believe it or not, China's CB needs cash. The People's Bank of China, China's highly-leveraged central bank, is in need of a capital infusion. It owns about $1T in Treasury and mortgage-backed debt - on a capital base of just $3.2B - the value of which is declining sharply on the heels of a strong yuan. It could, of course, print more money, but not without running the risk of stoking inflation. The predicament could prompt China to stop allowing the yuan to continue rising vs. the dollar, heightening its trade tensions with the U.S. ****LOOK OUT BELOW***
Wall Street Breakfast: Must-Know News [View article]
Top Rated StockScouter Stocks [View article]