John Rubino – Currency Wars Shifting Into High Gear?

from Financial Survival Network

After earning a Finance MBA from New York University, John Rubino spent the 1980s on Wall Street, as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990s he was a featured columnist with and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. He currently writes for CFA Magazine.

This week John asks, “Seriously, you’re surprised?” China pegs its currency, the yuan, to the dollar, the dollar soars, taking the yuan with it… and fewer foreigners buy suddenly-much-more-expensive Chinese products. Duh.

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