Wednesday, August 12, 2015
CERR Investments - Yes China is manipulating their currency to compete with global markets. Something is strangely going wrong in china. First you have a stock market crash and how fixing the currency. When is the next shoe going to drop? So when China currency is cheap all the other countries commodities will become more expensive. How will these poorer countries compete if they don't devalue their currencies? When things become cheaper to buy companies will make less profits since their are not a lot of buyers. Unless US wages start increasing buyers will be far and fewer. I'm looking for tougher times ahead unless policy changes. Oh yes, will US raise rates in September as planned? We are all waiting to see.