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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 414.48+0.7%Jan 9 4:00 PM EST

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To: Snowshoe who wrote (112939)8/17/2015 1:11:30 PM
From: carranza2  Read Replies (3) of 219232
 
There is a lot of speculation in that note, and there is no way to tell which part of it is correct. Perhaps a combination of everything - declining exports, baby steps toward a truly market-priced currency so that the yuan may be included in the SDR, who knows.

The recent steps still won't get the yuan into the SDR basket. And I think it won't make it into the basket for some time; certainly not based on the collateral developments to the recent devaluation. There will be a very significant price to pay to join that exclusive club, and China is in no position to demand entry.

Great find, by the way.
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