Markets are finding difficulty Wednesday morning with the Chinese currency move, but eventually snapped back when participants realized the silly concern they had regarding Chinese currency devaluation.
But what is really behind the scenes driving issues? Is the fact that free markets are taking hold in China that has markets a little volatile?
As Council of Foreign Relations President Richard Haass lamented on CNBC this morning the causation for the Chinese currency devaluation is concern for their economy, is the real causation of volatility due to China's moves to free markets? Haass expressed discontent that a message wasn't sent to certain market participants before China devalued, but the IMF, which was quick to affirm China's decision to float its...
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