We The People

We The People

Friday, August 14, 2015

Why Some Economists Think China’s Currency Devaluation Could Be the ‘Start of Something Big, Something Ugly’ | Video | TheBlaze.com

Why Some Economists Think China’s Currency Devaluation Could Be the ‘Start of Something Big, Something Ugly’ | Video | TheBlaze.com:

"Economist Albert Edwards with the French bank Societe Generale had strong words along these lines.
“Make no mistake, this is the start of something big, something ugly,” Edwards told the Guardian, adding that he believes the devaluation could result in a “a tidal wave of deflation” across the world.

Here’s more from the Guardian on what this could mean:"

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