Is the Yuan Drama a Yawn or a Nightmare for Investors?
August 26, 2015 at 07:00 AM EDT
China’s decision to change the method of setting its currency exchange rate caused global shock waves last week. ‘Biggest devaluation in two decades!’ was a typical headline. Is this a real story? Is the world about to experience even more deflation risk as a result of a 4 percent drop in China’s...