Weekend Reading 08/14/2015

Weekend Reading 08/14/2015

With a lack of compelling headlines coming from Greek debt negotiations and no exciting news out of the U.S. Federal Reserve, it looked like this week would be another summer snoozer.  Fortunately for the financial soap opera fans out there, China came through and delivered the drama.  On Tuesday, China surprised the world by devaluing their currency (the renminbi/yuan).  The move caused ripples in markets across the world as many feared it was a sign that the Chinese economy was in much worse shape than previously believed.

So what is all the hoopla about?  Why has Donald Trump been complaining about China for years?  What makes China’s currency so different than other common currencies?  High level explanation coming up…

continue reading…

Tim Brennan

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