U.S. manufacturing is already in a recession per the ISM survey. A massive Chinese devaluation would be highly damaging to US based industry, companies like CAT (which is already bleeding money). A huge manufacturing recession would eventually put the service sector under too.
To: sunrise_sunset
Looks like we’re on the verge of some harder times.
To: sunrise_sunset
Thanks for the post. This is not good. BTTT.
4 posted on
01/07/2016 6:19:56 PM PST by
PA Engineer
(Liberate America from the Occupation Media. #2ndAmendmentMatters)
To: sunrise_sunset
Nov 30, 2015 - The International Monetary Fund agreed Monday to add the Chinese yuan to its reserve currency basket.
5 posted on
01/07/2016 6:26:58 PM PST by
mrsmith
(Dumb sluts: Lifeblood of the Media, Backbone of the Democrat/RINO Party!)
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