It would help if our allies -- particularly the Germans -- were to agree with our Treasury Secretary, because they have much more to lose from a devaluation of the yuan than we do.
Markets got hit hard in May when trade talks broke down and the president instituted new tariffs, but things are different now.
A general strike on Monday in Hong Kong finally has hit its stock market, while the yuan has fallen past 7.0 to the U.S. dollar thanks to trade woes.
The Chinese currency, the yuan, was permitted on Monday to smash through what has been considered to be the important psychological level of 7 to 1.
There is a real risk brewing in global financial markets.
With the backdrop of an expected rate cut, Boeing wavering, retailers scrambling, and an ongoing tariff war with China, understand that your playbook is to buy stocks and hold them for as long as your homework shows that their businesses remain strong.
We've been doing this long enough to know quiet currency markets are temporary.
The market has been running on hopes of a dovish Fed, but when will the market stop celebrating the same news over and over?
China will likely soon allow the yuan to fall past 7.0 to the U.S. dollar, and the move's effects will spillover as the rest of Asia weakens.
Gold continues to run higher as the dollar continues to collapse.