What China’s Devaluation Means to the U.S. Economy

What China’s Devaluation Means to the U.S. Economy

By Pam Martens and Russ Martens: August 11, 2015  Markets received a seismic jolt from China on Tuesday as it devalued its currency, the Yuan, by the most in two decades, cutting its daily reference rate by 1.9 percent. The move sparked instant selloffs in stocks, commodities, and emerging market currencies as well as a drop in the yield of the 10-year U.S. Treasury Note, which is trading early this morning at a yield … Continue reading →