The industry's leading resource on the market and economy
The Weekly Brief
12 August 2019
The Chinese renminbi (RMB) broke above the psychological threshold of RMB 7 per US dollar last week for the first time since 2008, following the US administration’s announcement that further tariffs would be levied on Chinese imports.
This is close to being the longest economic expansion on record. Nobody knows exactly when it will end, so it’s worth considering what investments could rise in value when equities and other risk assets fall during the next downturn.