Loans and Finance

Loans and Finance

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News and information about loans, money, debt, finance and business issues.

Wednesday, August 12, 2015

The Currency Wars Begin

Whilst the ongoing Greek farce has provided a massive distraction for the media and those who take an interest in financial matters, China's 2% devaluation of the Yuan this week has caught everyone's attention.

For why?

It heralds that start of currency wars, as countries rush to devalue in order to maintain the menisci of their respective financial bubbles.


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