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A Wall Street Genius's Final Investment Playbook - Chapter 237: The Oracle of Delphi (9)
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... help but chuckle.
A twist they couldn’t predict was coming.
In my past life, at this exact point, China had made an unexpected move.
They themselves initiated a yuan devaluation.
And that was without facing today’s short-selling pressure.
Why would they do that?
That—was the key.
In my past life, China carried out a devaluation of the yuan in August 2015.
The People’s Bank of China lowered the value of the yuan by 1.9% overnight, an ...
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