VelocityShares Daily 2x VIX ST ETN (TVIX)

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Currency Devaluation's Dangerous Role in Deflation
Oct 24, 2015 -

...China's economy is slowing. Its stock market began to crash back in July. And the volatility rocking financial markets has been widely linked to the recent yuan devaluations by China's central bank.

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The Chinese have now joined in the competitive devaluation game. Neighboring currencies have been falling for some time. The yuan has quite a bit further to fall (and the dollar to rally) before any type of equilibrium is reached. This move by the Chinese is deflationary for the rest of the world. China is now an exporter of deflation.

This move will be felt in all markets, not simply currencies, and in all regions of the world, not simply Asia.

We all know what came next: the stunning 2,000-point decline in the DJIA, which -- in less than a week! -- erased two years' worth of rally in the world's benchmark stock index.

http://www.marketoracle.co.uk/Article52768.html