A currency war has begun
Get ready for central bank fun
It starts kind of meek
But then at its peak
We start dropping bombs by the ton
— The Limerick King (@TheLimerickKing) August 12, 2015
CIC President Warns Japan on Currency Devaluation – WSJ.com
LINGLING WEI writes from Beijing:
The president of China’s giant sovereign-wealth fund warned Japan against using its neighbors as a “garbage bin” by deliberately devaluing the yen, joining a growing number of Chinese officials sounding alarms about a potential currency war.
Read more at CIC President Warns Japan on Currency Devaluation – WSJ.com.
Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He founded PVT Capital (AFSL number 546090), which provides income and growth strategies to wholesale clients.
Colin also co-founded Incredible Charts and writes the popular Patient Investor newsletter.
Using a top-down approach, Colin identifies macro trends in the global economy and then combines fundamental and technical analysis to evaluate opportunities in sectors that stand to benefit.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.