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