I have no doubt that the ongoing trade war’s evolving into the next round of currency wars. . . This is a contrarian opinion – especially because yesterday China said they have “no desire” to devalue the Yuan in attempt to boost exports. And this came after U.S. Treasury Secretary – Steve Mnuchin – saying he sees “no chance” of a currency war – despite President Trump’s recent comments. But – as a rule of thumb: when the government tells you there’s ‘no chance’ or ‘no intention’ of something happening – it’s most likely already well-under way. . . So when both the U.S. Treasury and Chinese Finance Ministry shoot down ... (full story)