In this week's Off The Cuff podcast, Chris and John Rubino discuss:
- Currency Turmoil
- What a yuan devaluation means
- China's Credit Crisis
- Why the growth of the past decade is over
- Deflation Everywhere
- The whole world economy is slowing
- Lower prices ahead!
- "All that's missing is a stock market crash"
Much to cover this week as Chris and John's address China's swift emergence into the spotlight as the 800-pound gorilla pushing around world markets. Those interested in understanding the repercussions of China's decision to devalue its currency (the yuan) against the dollar should definitely listen to this podcast.
The bigger story here is that the China "growth miracle" is ending. That has repercussions for the price of just about everything: commodities, housing in the West, and stocks around the world.
And on an even larger level, it's not just China that is slowing, it's the entire global economy.
by pinecarr