David Woo on China Devaluation

September 4, 2015
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David Woo presents some insightful views on why China must devalue. Woo is one of the more market-savvy Street pundits.

  • 7-day REPO rates remain elevated
  • China selling US Treasuries
  • Selling USD to defend¬†Yuan
  • Ultimately, China must let the currency go to stimulate and engage in China-QE

 

David Woo China Video

 

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