Believe the currency devaluation was a good move for China , but not for the world.
The timing of this move appears questionable as global economies will have difficulty to re-balance their trade.
The key now is for global commodity prices to begin to show stability. A quick recovery appears out of the question IMO. Believe the next 2 to 5 years will shake out a lot of business, but new business opportunities will also be created.
That will be the challenge ahead. . . .
The timing of this move appears questionable as global economies will have difficulty to re-balance their trade.
The key now is for global commodity prices to begin to show stability. A quick recovery appears out of the question IMO. Believe the next 2 to 5 years will shake out a lot of business, but new business opportunities will also be created.
That will be the challenge ahead. . . .
Comment