China may have just dodged a major bullet... for now.
"We had a senior official, [Liu Shiyu] on the sidelines of the Communist Party's 19th National Congress in Beijing, saying that President Xi JinPing foiled a coup, explained Gordon Chang, best-selling author of Nuclear Showdown and a columnist for the Daily Beast.
While Chang personally does not think a coup took place, he does see it as a very bad sign.
"Xi Jingping is upping the cost of losing a political struggle," Chang told TheStreet on Monday.
"[W]e can see China tearing itself apart as the political struggles become more intense and that's why I'm concerned about political stability. Maybe not this month...but they will be more vicious than we have seen in the past couple of decades," Chang explained.
The hint of easing inflation has produced a spike in Asia's most-battered market, with a tweak of China's Covid quarantine rules thrown in for good measure.
The likelihood that big-name celebrities and investment firms will suffer significant losses due to FTX's troubles illustrates why it's always best to do your own due diligence before investing.
Let's look at the Dollar Index, the emerging markets exchange-traded fund and the bout of volatility.
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