The Yuan's Silent Scream

[Taco]

The Chinese yuan has just experienced it biggest weekly plunge ever. What most market observers tend to overlook is that there are likely tens of billions worth of OTC derivatives that have been issued by the too-big-to-fail banks tied to the trading relationship between the $/yuan.

"When I see central bank reserves deposited at the Fed falling, I know we are getting close to a "black swan" event, as dumping these precious "savings" is, for any country, always a desperate last resort."

The Yuan's Silent Scream
http://www.investing.com/analysis/the-y ... eam-204403

The Emerging Market Banking Crisis
http://www.investing.com/analysis/up-ne ... ses-204431