People’s Bank of China Freaks Out….

Posted by Wolf Street

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Screen Shot 2015-08-11 at 6.36.45 AM

Screen Shot 2015-08-11 at 6.36.45 AM…..Devalues Yuan by Record Amount, Vows to “Severely Punish” Capital Flight

Tuesday morning, the People’s Bank of China pulled the ripcord.

In a big way…..read more HERE