Free Republic

More than a month ago, we wrote why with the yen at risk of an “Explosive” downward spiral – which has since been confirmed – we explained why China may soon devalue the yuan, and a few weeks later when this latest prediction was again promptly confirmed, we wrote “Whispers Of Yuan Devaluation After Biggest Weekly Plunge Since 2015.” Fast forward to Monday, when China’s Onshore yuan’s selloff has accelerated to levels which until recently most “experts” FX strategists (with a few exceptions) said were impossible, and after breaking 6.7 per dollar for the first time since 2020 the yuan...

Anxious shoppers have descended on California supermarkets, stocking up on supplies as Coronavirus panic grips the West Coast. The state has become a Cornoavirus hot spot, with more than half a dozen residents diagnosed with the disease in recent days. Late this week, two Northern California residents were revealed to be confirmed cases despite having no known contact with anyone else who was infected. State officials say they are bracing for similar cases of people contracting the disease from an 'unknown origin' and nervous locals are taking no chances.