China’s Currency Shift Not a Game-Changer : Rosenberg

The news of yuan’s gradual revaluation has sparked a global rally in equities prompting investors to shed safer assets and take on more risk. In his morning note, David Rosenberg argues against the idea that China’s currency shift is a game changer. Here’s part of what Rosenberg says: From Gluskin-Sheff ” [T]he safe haven of government bonds [...]