Today, the People’s Bank of China revalued the RMB by 2.1%, from 8.27 to 8.11 to the US Dollar, against a basket.
Be sure to read that piece as to some of the dangers to the US economy of this revaluation.
More to come on this later . . .
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.