China Prints at Devaluation Speed

China Printing At Devaluation Speed

The annualized three-month growth rate of M2 money supply growth hit 24.1 percent in March. The last time it hit 24.1 percent? July 2015. The “surprise” yuan depreciation was in August 2015 under similar economic circumstances.

Everything is not the same, but the key component in this mix is the U.S. dollar...