China is mulling a 15-20 percent devaluation of its currency by the end of 2016 in a move that could spark a crisis in Asian markets, according to research firm IDEAglobal.Even though I believe a devaluation of similar size, or larger, is likely, what interests me isn't the content of the story, but that CNBC ran it.
It cited an interview it had conducted with a "reliably-informed Asian source" in a release published late on Tuesday.
Is stagflation temporary?
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I have been gazumped by two red-hot inflation reports in two days, even as
growth slows sharply in Australia and the US. First, in Australia,
quarterly d...
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