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China finds out the hard way that it isn’t easy to knock off No. 1

By   /  Friday, August 21st, 2015  /  Columns  /  Comments Off on China finds out the hard way that it isn’t easy to knock off No. 1

China’s sudden move to devalue its currency earlier this month has caused a lot of hand-wringing and cost hedge funds a ton of money. But it also teaches a lesson that often is learned painfully — it’s easy to lose your way when you try to be No. 1. That’s why I think the yuan Read More →

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