If China Devalues Again, Asset Prices Could Crash (For Real This Time)

In new report, Deutsche Bank analyst Michael Spencer discusses the recent market turmoil in China, how it compares to past crises in Asia and what traders can expect from China in the future.

According to Spencer, what the world has seen from China this year is nothing on the scale of what is has seen in the past, but things in China could get much worse before they get better.

Chinese Policy Decisions Driving Equity Markets

Spencer believes that the uncertainty surrounding China’s policy approach to its plummeting stock market and plummeting currency has been the key driver behind the wild swings in global equity markets over the past week. He sees no underlying shift in market fundamentals that would warrant such volatility.

Is This A Crisis?

Although thigs have gotten bad in China in recent months, Spencer points out…

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