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Started By
Message
I'm just curious if our China friends know why they lowered the Yuan? IB90? anybody???
Posted on 8/5/19 at 9:27 pm
Posted on 8/5/19 at 9:27 pm
Do you actually know why they did it? Say it out loud!
This post was edited on 8/5/19 at 9:28 pm
4
Posted on 8/5/19 at 9:32 pm to Jjdoc
So IB can afford two gross of bottle rockets when his sells his shitty Chinese toys instead of just one.
Posted on 8/5/19 at 9:40 pm to Uncle Don
He won't say it. He's to weak to admit it.
Posted on 8/5/19 at 9:42 pm to Jjdoc
China Economy sucking the gas pipe
Posted on 8/5/19 at 9:42 pm to Jjdoc
Posted on 8/5/19 at 9:45 pm to junkfunky
I will keep this on the front page until he gives his opinion on why or comes clean.
Posted on 8/5/19 at 9:48 pm to Jjdoc
quote:
I will keep this on the front page until he gives his opinion on why or comes clean.
he wont show his face in this thread.
Posted on 8/5/19 at 9:52 pm to junkfunky
That was a very interesting read. Thanks for posting.
Posted on 8/5/19 at 9:52 pm to Jjdoc
Because their economy is hurting and the US just weakened the dollar. They are also trying to hurt US exporters. Specifically the farming industry which is tied closely to swing states. There is a lot more of a strategic political war by both sides than you or IB want to admit because both of you are simple minded. See the protests in Hong Kong. Watch closely what Trump does there. He will try to undermine Beijing through them. It is really interesting.
This post was edited on 8/5/19 at 9:54 pm
Posted on 8/5/19 at 9:58 pm to junkfunky
Just read. Wow Orange is Brilliant and a Time Traveler.
Posted on 8/5/19 at 10:02 pm to junkfunky
That's a great thread. Trade 101 right there.
One thing they don't mention is now Trump using our military, or rather the threat of it not being there anymore as another cudgel.
Japan understands this so Abe shows up with a 500 billion dollar investment play in America. Smart.
Germany does not and Merkel tells Trump to get fricked. He then turns around and hands her a bill for services rendered vis a vis the military that amounted to about $300 billion. Not smart.
China at first put everything on the table hoping Trump would not go down this road. Then they fricked around and thought he would blink. Very very unwise.
Now they're seeing what a billionaire Playboy in the twilight of his life playing for keeps for the stars and stripes can do when he swings his dick around for main St.
I fricking love it.
One thing they don't mention is now Trump using our military, or rather the threat of it not being there anymore as another cudgel.
Japan understands this so Abe shows up with a 500 billion dollar investment play in America. Smart.
Germany does not and Merkel tells Trump to get fricked. He then turns around and hands her a bill for services rendered vis a vis the military that amounted to about $300 billion. Not smart.
China at first put everything on the table hoping Trump would not go down this road. Then they fricked around and thought he would blink. Very very unwise.
Now they're seeing what a billionaire Playboy in the twilight of his life playing for keeps for the stars and stripes can do when he swings his dick around for main St.
I fricking love it.
Posted on 8/5/19 at 11:30 pm to UnitedFruitCompany
Just bumping for the people.
Posted on 8/5/19 at 11:39 pm to Jjdoc
Posted on 8/6/19 at 1:46 am to junkfunky
junk,
Excellent attachment, gives a great explanation. Unfortunately the majority of Americans think tariffs are a tax.
They dont realize IP theft is far more costly to the consumer, naively thinking that cost is just absorbed by the companies rather than passed along. Its why your "frozen" bookbags, software, and nikes cost so much in the US.
Excellent attachment, gives a great explanation. Unfortunately the majority of Americans think tariffs are a tax.
They dont realize IP theft is far more costly to the consumer, naively thinking that cost is just absorbed by the companies rather than passed along. Its why your "frozen" bookbags, software, and nikes cost so much in the US.
Posted on 8/6/19 at 1:53 am to yatesdog38
Uh, yates, the dollar is devalued? 25 basis points wont do shat to devalue, but here is an opinion on the subject....
The US dollar is overvalued and its because Asia and the EU are manipulating their currencies, and their tariffs. Trump is just bringing a little light on the subject.
And pray tell, what is Trump going to do about HK? You think Xi will intervene at our southern border?
quote:
IMF sees dangers from trade tensions and says the dollar is overvalued. The International Monetary Fund on Wednesday said that the U.S. dollar was overvalued by 6% to 12%, based on near-term economic fundamentals.Jul 17, 2019
The US dollar is overvalued and its because Asia and the EU are manipulating their currencies, and their tariffs. Trump is just bringing a little light on the subject.
And pray tell, what is Trump going to do about HK? You think Xi will intervene at our southern border?
Posted on 8/6/19 at 5:48 am to trinidadtiger
quote:
You think Xi will intervene at our southern border?
Someone was handing out cash to the migrants in South America at the start of their journey. Someone has been arranging the ability to cross mexico. Someone has been arranging transportation - these people are not walking 3,000 miles.
Posted on 8/6/19 at 6:51 am to trinidadtiger
Is pegging to the dollar manipulation?
Posted on 8/6/19 at 6:54 am to Jjdoc
I'm sure they do, revenge.
Posted on 8/6/19 at 6:58 am to trinidadtiger
quote:
And pray tell, what is Trump going to do about HK? You think Xi will intervene at our southern border?
Same here.
Very little the world can do for HK.
China will crack down and that will be that.
Posted on 8/6/19 at 7:01 am to yatesdog38
quote:Negative.
Because their economy is hurting and the US just weakened the dollar.
The US may have lowed rates 25BPS expecting a drop in the USD. In fact, there was little effect.
Movement of the USD was certainly no basis for RMB devaluation.
However, institution of tariffs next month is.
RMB valuation dropped 10%, commensurate with the first tariffs. It seems Beijing anticipated more of the same this go around. They miscalculated, badly. Just as they did after closing down the recent Beijing talks only to get immediately slapped with September tariffs.
Getting tagged as a currency manipulator is a big hit for China.
Why?
Not because yesterday's move was classic manipulation. It wasn't. What is manipulation is the way China has artificially propped up the RMB (est ~ 30%) over several years.
The danger for China is full exposure of that manipulation. Exposure of major Chinese money to a 30% drop would lead to major economic flight, despite physical/personal risks at stake. It would be devastating for China.
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