I am not a mathematician, so I have a question -- the Dow dropped almost 900 points today due to China devaluing its yuan against the US dollar.
What will the impact be on markets as well as the farmers, steel, etc.? - this is crazy and as DT is a tariff guy, the country is being devastated by the results. Pension plans also impacted everyone!
Coal miners have lost jobs, auto makers are going out of business, and the country of China was the one that floated 1 trillion dollars during the financial mess Obama dealt with.. US still owes on that loan.
Where is this all headed?
Sorry, two questions actually. Third - is this the time to have some money in the mattress?