N********n
发帖数: 8363 | 1 1. A strong currency only hurts exports over the short run. Nobody seems
to remember that the German mark was at .25, and the Japanese yen at 300
before the Nixon devaluation of 1971. The mark afterwards quintupled, and
the yen has almost quadrupled since then.
2. A strong currency reduces the cost of imports, helping to keep prices
in check. If the price of your currency doubles, the price of imported oil,
machinery, technology, and everything else is cut in half.
3. Strong currencies ... 阅读全帖 |
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N***i
发帖数: 2063 | 4 又开始撒谎了,,,老美一直在devalue its currency
http://online.wsj.com/article/SB1000142405270230441050457556096
PALO ALTO, Calif.—Treasury Secretary Timothy Geithner said Monday the U.S.
would not "engage" in devaluing its currency, but described China's currency
as "significantly undervalued," as tensions between China and other
countries remain high in advance of meetings of finance ministers and
central bankers in South Korea this weekend.
Mr. Geithner's comments were among his most blunt on the Chinese c... 阅读全帖 |
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S**C
发帖数: 2964 | 5 In an apparent effort to blunt criticism over China’s exchange-rate policy,
the People’s Bank of China took the step with an eye toward making the
yuan’s value more market-based: the midpoint, or fixing, will now be based
on how the yuan closes in the previous trading session. Until now, the
fixing had been entirely determined by the central bank itself.
As a result, the yuan’s fixing was lowered 1.9% Tuesday from the previous
day.
Which means possibly more devaluation to come. |
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L*****d
发帖数: 5093 | 6 White House trade advisor Peter Navarro said Beijing plans to devalue its
currency — and if it does, the U.S. will respond forcefully.
“They’re going to and we’re going to take strong action against them,”
Navarro told CNBC’s “Closing Bell” Friday. |
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S**C
发帖数: 2964 | 7 【 以下文字转载自 Military 讨论区 】
发信人: SOFC (SOFC), 信区: Military
标 题: PBOC decide to devalue RMB
发信站: BBS 未名空间站 (Mon Aug 10 21:41:14 2015, 美东)
Breaking news. |
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S**C
发帖数: 2964 | 8 Today it cut the fix by 1.9 per cent. In the forex market, the renminbi fell
0.93 per cent — the biggest one-day fall on record — to 6.2679 per dollar
, the weakest rate since March 4.
In an apparent effort to blunt criticism over China’s exchange-rate policy,
the People’s Bank of China took the step with an eye toward making the
yuan’s value more market-based: the midpoint, or fixing, will now be based
on how the yuan closes in the previous trading session. Until now, the
fixing had been entire... 阅读全帖 |
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h**h
发帖数: 488 | 9 是SFH，这里房价本来就不低，以后出租也不能cover mortgage吧。
能devalue多少呢。 |
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m**2
发帖数: 3374 | 11 Club Carlson is devaluing by removing the Bonus Award Night benefit from
their co-branded credit card. To replace that benefit, they are offering a
free night annually with $10,000 in spend. |
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j**********i
发帖数: 3758 | 12 天才就是天才？ 不服不行。
过去中国也有两个天才：空空儿，精精儿。无父无母，天天行侠仗义。
现在天才也多了，个个都神通广大。
问题是这样的，天天惹是生非，要别人去搽屁股。
我在家干活也不行，想睡个好觉也不行。
说出去，人家以为我是神经病，怎么睡觉的时候有人还弄下流招数呢？
天才爱江山也爱美人，但是最爱的是几把精巧的瑞士小军刀，像空空儿一样，
还有法术无穷的“百宝箱”。
许多人都知道打起架来是什么样的。希特勒连个跟班都算不上。
但是呢，许多人都寄希望于百宝箱。天才被按手以后，满脸佛光和猪油光。
现在天才的好朋友叫我赶紧结婚，但是另外的朋友还冷不丁踹我一脚。
911楼是炸掉了，百宝箱里的魔术真灵。这次没发生大迫害。
但是欧洲和美国两边都不满意。devaluation不是我做的。
这里有不少白吃白喝的瘪三秀才，拿到别人钱以后，开始想象一些法术。
天才的朋友应该拿出那把最锋利灵巧的瑞士军刀，到秀才和秀才仰慕的仙女哪里去
大闹天宫。不要找我麻烦。
http://culture.gmw.cn/2012-08/30/content_4929758.htm
"孙志军：关于加快我国文化产业发展的思考" |
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k********8
发帖数: 7948 | 13 Guest Post: Plaza Accord 2.0: Is it Coming? Is it Here?
October 15th, 2010 by Michael Krieger
If we desire respect for the law, we must first make the law respectable.
The greatest dangers to liberty lurk in insidious encroachment by men of
zeal, well-meaning but without understanding.
Experience teaches us to be most on our guard to protect liberty when the
government’s purposes are beneficent.
Fear of serious injury alone cannot justify oppression of free speech and
assembly. Men feared witch... 阅读全帖 |
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c*******2
发帖数: 617 | 14 人民币贬值， 澳大利亚还以颜色
China’s devaluation is a big deal for Australia
China devalues the yuan by 1.9 per cent, Australia devalues by the same: as
a result the AUD/CNY exchange rate this morning is the same as it was
yesterday morning.
That’s the trouble with competitive devaluations — everyone else adjusts
and you quickly lose first mover advantage, not that yesterday’s Chinese
devaluation was aimed primarily at Australia. |
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l****z
发帖数: 29846 | 15 The Next Shoe’s Falling Next Door——–Taiwan, Malaysia, South Korea
Exports To China Imperiled
by Wall Street Journal • August 13, 2015
By Anjani Trivedi and Chao Deng at The Wall Street Journal
The currencies of Asian emerging markets that trade heavily with China fell
sharply after Beijing devalued its currency, as investors bet a weaker yuan
will add to pressures on their deteriorating economies.
Investors have pushed the currencies of South Korea and Malaysia down over 2
% in the past... 阅读全帖 |
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N********n
发帖数: 8363 | 16
Typical myopic, gutless "breaking east wall to repair west wall" strategy.
Truth about currency devaluation:
1. A strong currency only hurts exports over the short run. Nobody seems
to remember that the German mark was at .25, and the Japanese yen at 300
before the Nixon devaluation of 1971. The mark afterwards quintupled, and
the yen has almost quadrupled since then.
2. A strong currency reduces the cost of imports, helping to keep prices
in check. If the price of your currency doubles, ... 阅读全帖 |
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z**********3
发帖数: 11979 | 17 【 以下文字转载自 Military 讨论区 】
发信人: civic2002 (chase), 信区: Military
标 题: 澳大利亚反击了， 也是1.9
发信站: BBS 未名空间站 (Tue Aug 11 21:13:23 2015, 美东)
人民币贬值， 澳大利亚还以颜色
China’s devaluation is a big deal for Australia
China devalues the yuan by 1.9 per cent, Australia devalues by the same: as
a result the AUD/CNY exchange rate this morning is the same as it was
yesterday morning.
That’s the trouble with competitive devaluations — everyone else adjusts
and you quickly lose first mover advantage, not that yesterday’s Chin... 阅读全帖 |
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b********n
发帖数: 38600 | 18 Did China's Devaluation Crush Yellen's Rate Hike Strategy
https://macro-allocation.com/the-yuan-the-fed-august-11-2015/
The Yuan And The Fed
The overnight devaluation of the Yuan by the People’s Bank of China may not
signal a change in the Fed actions this fall. As we suggested here, the Fed
has quietly shifted its interest rate policy from one which primarily seeks
to promote its domestic dual economic mandate (stable U.S. inflation and
maximum employment) to one which primarily seeks to ensure... 阅读全帖 |
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h******t
发帖数: 872 | 19 http://www.wsj.com/articles/currency-war-u-s-hedge-funds-mount-
Some of the biggest names in the hedge-fund industry are piling up bets
against China’s currency, setting up a showdown between Wall Street and the
leaders of the world’s second-largest economy.
Kyle Bass’s Hayman Capital Management has sold off the bulk of its
investments in stocks, commodities and bonds so it can focus on shorting
Asian currencies, including the yuan and the Hong Kong dollar.
It is the biggest concentrated wager t... 阅读全帖 |
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b********n
发帖数: 38600 | 20 If the dollar is the worlds reserve currency, and it is constantly being
devalued do to the dollar being a ponzi scheme, and other currencies devalue
to keep up with the dollars devaluation...............How can they be
called currency manipulators? The world's reserve currency HAS to be
devalued in perpetuity.........So isn't the US and the dollar the biggest
currency manipulator?
It's a race to the bottom, and we are the ones that suffer. |
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b********n
发帖数: 38600 | 21 Again.......
If the dollar is the worlds reserve currency, and it is constantly being
devalued due to the dollar being a ponzi scheme, and other currencies
devalue to keep up with the dollars devaluation...............How can they
be called currency manipulators? The world's reserve currency HAS to be
devalued in perpetuity.........So isn't the US and the dollar the biggest
currency manipulator?
It's a race to the bottom, and we are the ones that suffer. |
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b********n
发帖数: 38600 | 22 Again.......
If the dollar is the worlds reserve currency, and it is constantly being
devalued due to the dollar being a ponzi scheme, and other currencies
devalue to keep up with the dollars devaluation...............How can they
be called currency manipulators? The world's reserve currency HAS to be
devalued in perpetuity.........So isn't the US and the dollar the biggest
currency manipulator?
It's a race to the bottom, and we are the ones that suffer. |
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发帖数: 1 | 23 https://home.treasury.gov/news/press-releases/sm751
Treasury Designates China as a Currency Manipulator
August 5, 2019
Washington – The Omnibus Trade and Competitiveness Act of 1988 requires the
Secretary of the Treasury to analyze the exchange rate policies of other
countries. Under Section 3004 of the Act, the Secretary must "consider
whether countries manipulate the rate of exchange between their currency and
the United States dollar for purposes of preventing effective balance of
payments ad... 阅读全帖 |
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l****z
发帖数: 29846 | 24 China Blows Another $99 Billion of Reserves in January: Yuan Intervention
and Results in Pictures
Feb 2016
Posted by mishgea | February 7, 2016 11:49:30
China Blows $99.5 Billion Defending the Yuan in January
China has blown about $1 trillion in US reserves defending the yuan from
capital flight in the last year. Nearly $100 billion of that reserve outflow
came in January. Let’s s take a look at the results in pictures.
Intervention Results in Pictures
Interventions Don’t Work
From 6.214 to 6.5... 阅读全帖 |
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b********n
发帖数: 38600 | 25 http://journal.frontiersin.org/article/10.3389/fpsyg.2014.00852
Introduction
Access to highly palatable and calorically rich foods is a major
contributing factor to the increasing rates of obesity worldwide (Caballero,
2007). Eating is essential for survival and is underpinned by the
fundamental physiological need to consume energy. However, our basic
requirements for nutrients and energy to maintain physiological homeostasis
are often exceeded by an abundant source of readily available and conv... 阅读全帖 |
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S**C
发帖数: 2964 | 26 You are a bit naïve to think PBoC that way, I think it is a well
thought out game plan, I was surprised a bit as such action is rather rare
from Chinese government agencies.
China wants to devalue RMB, but wants to have some sort of market-driven
cover, and PBoC does not want to RMB devalues too fast, it needs some
control over the devaluation process, yet PBoC does not want to use too much
USD reserve to support the RMB downtrend. Thus to intervene only at the
closing hour is a smart way t... 阅读全帖 |
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S**C
发帖数: 2964 | 27 It doesn't mean the policy action will definitely succeed, it may still fail
at the end. But at the moment I consider it better one than no devaluation
which hurt economy, blunt one-off devaluation or fixing controlled
devaluation which will likely face consequences at capitals around the world. |
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d***z
发帖数: 136 | 28 富豪们对央行的汇率保证没有信心，害怕这周的贬值是大贬值的开端.
央行要挺住！
China’s rich scramble to move cash abroad
Friday, August 14, 2015
Samuel Shen and Umesh Desai
For many in the ranks of China’s wealthy, the shock devaluation in the yuan
is a cause of regret — that they hadn’t moved more money offshore sooner.
Now many are scrambling to shift cash out of the country, fearful that this
week’s devaluation is the start of a longer-term slide in the currency,
despite the People’s Bank of China (PBOC) saying there is no basis fo... 阅读全帖 |
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c***z
发帖数: 6348 | 29 By internalization of RMB you want people to buy and hold RMB. Most likely
it's in form of borrowing in RMB and paying back to Chinese central bank in
other currency.
If you have money in USD, would you consider borrow RMB and pay back in the
future in USD, if you believe RMB is over-priced?
RMB needs to be devalued before people will start holding it, hoping they
got a deal, just like holding any other assets.
Chinese central bank needs to devalued RMB and Soros knows it.
But the Chinese didn't... 阅读全帖 |
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c*****e
发帖数: 737 | 30 【 以下文字转载自 Stock 讨论区 】
发信人: coollpe (coollpe), 信区: Stock
标 题: 中国央行彻底打爆人民币空头: 对冲基金亏得裤子都没了
发信站: BBS 未名空间站 (Tue Mar 15 10:06:16 2016, 美东)
Hedge funds lose US$562 mln in renminbi bets
Hedge funds and other speculators are losing big in a bruising battle with
Chinese regulators over the renminbi.
Seven months after a shock devaluation spurred them to wager on further
declines, the yuan’s unexpected resilience has turned many of those bets
into losses, Bloomberg reports.
At least US$562 million of opt... 阅读全帖 |
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x********e
发帖数: 35261 | 31 HIFU (花里胡哨) 发于 Tue Feb 7 15:53:54 2017, 美东, 信区: USANews
标 题: Trump on getting drug prices down (原文)
左比总是瞎spin, 关于药效的问题，Trump专指terminal ill patient
"TRUMP: I think you know most of my team and you folks have done a terrific
job over the years, but we have to get prices down for a lot of reasons. We
have no choice. Medicare, Medicaid we have to get the prices way down so
that's what we're going to talk about.
We need to streamline the process, so that, from your standpoint, when you
have a drug,... 阅读全帖 |
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b********n
发帖数: 38600 | 32 Trump is just running out of ********
It is his FED Chair raising rates, the Bond market imploding, Earnings
tanking over Trump Tariffs, Mnuchin watching all currencies devalue against
the dollar, Mnuchin said that China not devaluing would have to be part of a
trade deal. LOL. The Chinese aren't even talking to the US. But now you
know the US's worst fear. China doesn't have to devalue as long a Trump is
doing it for them. Trump's trade war is in meltdown. |
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b********n
发帖数: 38600 | 33 More fake Trumptard economics.
GET THIS TARDS... when the US RAISES TARIFFS ALL other currencies
AUTOMATICALLY DEVALUE IN THE MARKET. The CHINESE, Mexican Peso, REAL all
devalue. More Simply Trump is devaluing all the global currencies except one
the US Dollar. In that case the dollar rises and your trade deficit gets
worse...
This is Econ 101, not rocket science. Are you that ignorant and unschooled
that you Think Trump knows what he's doing? Please, Trump is an econmic
illiterate just as Janet... 阅读全帖 |
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H**U
发帖数: 1814 | 34 左比总是瞎spin, 关于药效的问题，Trump专指terminal ill patient
"TRUMP: I think you know most of my team and you folks have done a terrific
job over the years, but we have to get prices down for a lot of reasons. We
have no choice. Medicare, Medicaid we have to get the prices way down so
that's what we're going to talk about.
We need to streamline the process, so that, from your standpoint, when you
have a drug, you can actually get it approved if it works, instead of
waiting for many, many years.
The U.S. drug ... 阅读全帖 |
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b********n
发帖数: 38600 | 35 Trump is just running out of ********
It is his FED Chair raising rates, the Bond market imploding, Earnings
tanking over Trump Tariffs, Mnuchin watching all currencies devalue against
the dollar, Mnuchin said that China not devaluing would have to be part of a
trade deal. LOL. The Chinese aren't even talking to the US. But now you
know the US's worst fear. China doesn't have to devalue as long a Trump is
doing it for them. Trump's trade war is in meltdown. |
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s******Y
发帖数: 2085 | 37 See, this is the guy who knows. that's the point.
Do you think the devaluation of offshore cashes will be very dramatic, say
20% by the end of the year? The market is overreacting as if the sky is
falling. The fact is it is just a small devaluation, and it is manageable.
If the devaluation of offshore cashes goes up to 30% in a very short of time
(for example usd/rmb down to 1:10 by the end of the year), it really
matters then. This would be a worldwide economic crisis. Almost no company
can ... 阅读全帖 |
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c*****e
发帖数: 737 | 38 Hedge funds lose US$562 mln in renminbi bets
Hedge funds and other speculators are losing big in a bruising battle with
Chinese regulators over the renminbi.
Seven months after a shock devaluation spurred them to wager on further
declines, the yuan’s unexpected resilience has turned many of those bets
into losses, Bloomberg reports.
At least US$562 million of options that pay out if the currency drops below
6.6 per dollar — its weakest point since the devaluation — have expired
worthless since A... 阅读全帖 |
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a********e
发帖数: 136 | 39 Exchange rate is determined by the supply and demand of that particular
currency. More supply and less demand would result in lower exchange rate
（or devaluation). Therefore， having a large amount of foreign exchange
reserve would allow the government to purchase its own currency to manage or
manipulate the currency exchange rate. This is usually be done in time of
currency devaluation crisis. That is why many countries has large sum of
foreign reserve mostly in US dollars to guard against cr |
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r*******r
发帖数: 2554 | 40 你以为 Devalue可以无限期用下去？这可是一柄双刃剑。再说了，就算是美国希望赖帐
，再怎么devalue，欠中国的钱也还是要还的，只不过还得多，还得少而已。 |
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r*******r
发帖数: 2554 | 41 跟你说话真费力。
你说，不管怎样，美国是不会还钱给中国的，原因是美国可以devalue美元。我告诉你，
即使devalue美元，这些钱也是要还的，无外就是还多还少的问题。
然后你又说，因为美元是世界货币，如果美元不是世界货币，就没人会借钱给美国。
看来，你东一句西一句，看似逻辑全无，其实最终目的就是搅浑水，宣传美国。是不是
啊？ |
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x****u
发帖数: 12955 | 42
Wait, if China's foreign assets are mostly US dollar denominated, why would
China be seriously harmed by devaluation of RMB vs USD? Devaluation of RMB
simply means the foreign ex holdings are now more valuable. |
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t*****k
发帖数: 395 | 43 Oil at $40 Possible as Market Transforms Caracas to Iran
Bloomberg By Gregory Viscusi, Tara Patel and Simon Kennedy
2 hours ago
Oil's decline is proving to be the worst since the collapse of the financial
system in 2008 and threatening to have the same global impact of falling
prices three decades ago that led to the Mexican debt crisis and the end of
the Soviet Union.
Russia, the world's largest producer, can no longer rely on the same oil
revenues to rescue an economy suffering from European a... 阅读全帖 |
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b********n
发帖数: 38600 | 44 Cashin: 2015 hike is still out of the question
http://www.cnbc.com/2015/08/11/cashin-2015-hike-is-still-out-of
Art Cashin, veteran trader and director of floor operations at the NYSE for
UBS, is sticking by his call that the Fed will not raise rates in 2015,
after China's currency move Tuesday.
"Global trading means the world is all linked together," he said Tuesday on
CNBC's "Squawk on the Street." "I think the Fed is going to watch very
closely over the next four weeks to see what kind of spil... 阅读全帖 |
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S**C
发帖数: 2964 | 45 The plan seems like this, China wants to devalue RMB, but wants to have some
sort of cover, so the next day fixing will be the closing price of the
previous market session. But China does not want to devalue RMB too fast to
risk capital flight, at the same time does not want to use too much USD
reserve to support RMB, therefore the intervention, but only near the end of
the market session.
I'd say it is a good game plan which is rarely seen from Chinese government
agencies. |
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b********n
发帖数: 38600 | 46 好个屁。
美国不印钱？美国印钱就能想停就停？
发信人: beijingren (to thine own self be true), 信区: Military
标 题: “QE Is All It Can Do Here" Art Cashin Predicts
发信站: BBS 未名空间站 (Tue Aug 11 23:08:59 2015, 美东)
Cashin: 2015 hike is still out of the question
http://www.cnbc.com/2015/08/11/cashin-2015-hike-is-still-out-of
Art Cashin, veteran trader and director of floor operations at the NYSE for
UBS, is sticking by his call that the Fed will not raise rates in 2015,
after China's currency move Tuesday.
"Global trading means th... 阅读全帖 |
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h******t
发帖数: 872 | 47 http://finance.yahoo.com/news/china-brink-major-milestone-conse
"If the yuan goes in the basket, then the likelihood is that the Chinese
would prefer a gradual depreciation of their currency against the US dollar,
" she said. "And this is good news because it allows time for the real
income gains in the West to be spent and potentially for us to get into the
positive scenario."
But if the yuan is not allowed in the SDR, Choyleva said:
"The Chinese leadership is not going to wait another five yea... 阅读全帖 |
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c*******2
发帖数: 617 | 48 3月13日的新闻， 貌似某些人没看到
China Burns Hedge Funds as $562 Million Yuan Bet Turns Worthless
The battle over the fate of China’s currency is starting to get bloody for
the bears.
Seven months after a shock devaluation spurred hedge funds and other
speculators to wager on further declines, the yuan’s unexpected resilience
has turned many of those bets into losers. At least $562 million of options
that pay out if the currency drops below 6.6 per dollar -- its weakest point
since the devaluation -- have exp... 阅读全帖 |
|
b********n
发帖数: 38600 | 49 Smoot Hawley is identical and US commodities markets are responding
identically. Soy down 16% on the year below production cost. Steel down,
steel fab job losses. Farmer decimated. Further with Tariffs stupid, the US
standard of living crumbles just like SH. Further, the fx devalues the
exporting currency so Trump in his infinite stupidity is devaluing the Yuan
automatically which is suicide for Trump. The yuan is down 6% to date v.
Dollar which is rising from geopolitical concerns. US EXPORTS A... 阅读全帖 |
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