Submitted by Alasdair Macleod via GoldMoney.com,
Last Sunday (31 January) Zero Hedge ran an article drawing attention to the big names in the hedge fund community who are betting heavily that the yuan will suffer a major devaluation any time between the next few months and perhaps the next three years.
The impression given is that this view is universal, almost to the exclusion of any other.
Just like the global panic that gripped the world in October 2014 when the Ebola virus had spread from western Africa to many nations around the globe, including several isolated cases in the US, so a year and a half later, the world is urgently scrambling to unleash a sense of panic surrounding the Zika virus which, just like Ebola, came out of nowhere and is fast becoming the latest scapegoat for collapsing global commerce this year's invisible bogeyman.
Here are some of the latest developments.
At Least 54 People Infected in the U.S.
From the initial discovery in the heart of Ugandan forest darkness to mysterious genetically-modified Mosquitoes in Brazil, the newest threat to human health (most notably pregnant women) is the ominous-sounding Zika virus. The epidemic is spreading from its epicenter in Brazil - threatening disaster at the Olympics with "female athletes to consider participation "very carefully"", to Colombia (with 2100 pregant women infected), and further north in America with CDC confirming 6 cases in Texas.