On June 21 China announced the unpegging of the Yuan, as was being demanded by the U.S. administration (reported by us).
Guess what happened to the Yuan since then:
Down 1%. What will they demand next?
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Shocked that companies and mutual funds would invest OPM (Other People's Money) in high-risk investments, the Shocked Investor was originally on a mission to find out if our money ended up in these dubious instruments. This blog now also discusses other financial topics, such as straddles, options, gold, natural gas, agri/food stocks, and the collapse of the US Dollar.
On June 21 China announced the unpegging of the Yuan, as was being demanded by the U.S. administration (reported by us).
Guess what happened to the Yuan since then:
Down 1%. What will they demand next?
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