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It's Not A Devaluation If The Ministry Of Truth Says So: China's "Style Council" Takes On Currency Trading
If these are the directives China's Ministry of Truth, in this case the China Daily "style council", gives out to editors to pretend that the Yuan devaluation is not, in fact, a devaluation we can't wait to find out just how long Steve Liesman will need to teach everyone in Beijing that QE, when the PBOC inevitably announces it, is really just a blessing in disguise for the middle class.
h/t Matthew Taub
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China doesn't want world reserve currency status.
They want to corner the market on the worldwide trinket business.
Style Council?
You mean like "lights go out, walls come tumbling down".
https://www.youtube.com/watch?v=k5HfOipwvts
More like "Ever-changing moods":
https://www.youtube.com/watch?v=rmVkOlZFF3Y
Bag
on penalty of prison and/or death.
Meanwhle Tokyo has opened and we are getting the slow lift off in the e-mini. BoJ holds the low volume overnight until ECB can come in and put the hammer down.
They have learned much from Ministry of Truth of the American Empire. Now they need to pass a "Patriot Act" after their big WWII military parade coming up. Japan's leader wont be attending apparently.
Meh, If you mean business then you pass a "Freedom Act"
The Ministry of Truth lies.
"What the Fuck is a Frush?"
If propaganda had a colon, it's backed up with shit at both ends.
People's Daily on-line editor and a VP were detained ostensibly for 'extortion through journalism'. Nothing to do with say the Tianjin blast or the stock market decline or yuan devaluation...
I'm having a laugh.
LOL fashion talk.
Devaluation implies government control. Depreciation suggests a float. It sounds like China is aiming at and will end up with some kind of float after if sells off enough of its USTs pretending to fight it.