China Severs Its Currency's Link to Dollar
Primer on my investment outlook
UNBELEIVABLE. I did not expect it to happen. Expect a slow sellof of US treasuries and long interest rates to head up. Also, there may be downward pressure on yields on the JPY and EUR bonds...
Malaysia has followed and India, Singapore and the rest of Asia will follow soon, I expect. Over the next few months, Asian currencies may strengthen while the EUR may drop.
UNBELEIVABLE. I did not expect it to happen. Expect a slow sellof of US treasuries and long interest rates to head up. Also, there may be downward pressure on yields on the JPY and EUR bonds...
Malaysia has followed and India, Singapore and the rest of Asia will follow soon, I expect. Over the next few months, Asian currencies may strengthen while the EUR may drop.
posted by anmol at 11:48 PM
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