Tuesday, May 23, 2017

Zero Hedge — Yuan Tumbles As Moody's Downgrades China To A1, Warns On Worsening Debt Outlook



Zero Hedge
Yuan Tumbles As Moody's Downgrades China To A1, Warns On Worsening Debt Outlook
Tyler Durden

9 comments:

Ryan Harris said...

ZH/BBG/TWTR/everyone has been pimping the China blowup story for the last few days. Hillarious because the yuan moves like 0.01 against USD after the downgrade and then fades away in 10 minutes. Going to be disappointed punters.

Tom Hickey said...

Undercuts the China as currency manipulator narrative.

Now Moody's is the currency manipulator.

Ryan Harris said...
This comment has been removed by the author.
Payli Tuzu said...

Chinese are going to be pissed. They may consider this an act of war.
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Matt Franko said...

Right knowing China they probably bought/bribed Moody's and downgraded themselves...

Noah Way said...

Tom nailed it. Economics is just warfare by other means.

Tom Hickey said...

Right knowing China they probably bought/bribed Moody's and downgraded themselves...

Ha ha. Good one. Even if they didn't they are probably laughing up their sleeves.

Six said...

How will China ever find enough Yuan jo pay their "debts"? :-)

Tom Hickey said...

Offshore yuan reversed today and spike up to a two month high.