From Peter Navarro 14/03/2010 newsletter:
”I have a relatively large position in CYB (http://finance.yahoo.com/q?s=CYB), which is a bet that the Chinese yuan will appreciate over the next 12 to 24 months. The beauty of this trade is that there is virtually no downside risk because there is no imaginable scenario in which the yuan would actually depreciate. “
Wednesday, April 7, 2010
Big macro trade of the year
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