David Woo on China Devaluation

September 4, 2015

By crackerjack

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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