On the 1st October the Chinese Yuan will join the US$, UK pound, Yen and the Euro in the IMF backed currencies. SDR = Special Drawing Rights. China will have 10% of the total.
The Question is what will be the impact on the world markets?.
IMO with such a large sum of $$$ the markets should soar to a new all time high in Wall ST. September and October are always a time when Wall st could take a dive big time...Many so called experts are calling 2016 to be the year of the next crash.
Maybe the M-SDR will stop this happening this year right before the US election.
What is your opinion?
Regards Errol 43
The Question is what will be the impact on the world markets?.
IMO with such a large sum of $$$ the markets should soar to a new all time high in Wall ST. September and October are always a time when Wall st could take a dive big time...Many so called experts are calling 2016 to be the year of the next crash.
Maybe the M-SDR will stop this happening this year right before the US election.
What is your opinion?
Regards Errol 43