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#3076 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $-1365266
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Posts: 59,929
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#3077 | |
Why so serious?
Join Date: Dec 2016
Location: Chicago
Casino cash: $-1219585
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Quote:
Last week, because Trump decided to threaten 10% tariffs on a further 300bn of important (nb: these are the *really* important consumer goods that will be felt much more by all of us), China basically said, "Look, we're gonna be relaxed about where the CNY ends up fixing. We no longer view 7 as a line in the sand and will no longer buy CNY to keep it below that level." So, they allowed it to cross 7. This has two important implications: 1/ It's clearly an escalation on their side in response to Trump's actions. If one had been hoping for a calming of tensions, this pushed in the opposite direction. 2/ In simple economics terms, China becomes more competitive and exports deflation globally. Hope this marginally helps. |
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Posts: 13,268
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#3078 | ||
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-1358100
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Quote:
Quote:
Thanks in advance. |
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Posts: 46,300
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#3079 |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
Casino cash: $-875873
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Trump removed certain items, including cell phones, from the tariff list this morning. Market up 500+
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Posts: 132,266
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#3080 |
MVP
Join Date: Dec 2008
Location: Joplin, MO
Casino cash: $10892338
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When China devalues their currency does our national debt load slow just a little? I know they own a decent portion of it.
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Posts: 7,302
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#3081 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-1358100
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I bought SPY yesterday when it bounced off its 200 day moving average twice in one week.
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Posts: 46,300
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#3082 | |
Why so serious?
Join Date: Dec 2016
Location: Chicago
Casino cash: $-1219585
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Quote:
You're correct that they own a large amount of Treasuries, and you're correct that what they do with their currency has implications for their holdings of Treasuries. But that doesn't directly affect our national debt at all. It's just a transfer from their holdings to those of other investors (or vice versa). Earlier I mentioned that China is trying to control capital outflows and thus was buying their currency. When they do that, they're selling dollars. And typically they get the dollars to sell by selling Treasury securities. By letting their currency depreciate (devalue), they actually need to sell fewer dollars and thus fewer Treasury securities. (My profession by the way is trading interest rates and fixed income markets like Treasuries.) |
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Posts: 13,268
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#3083 |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
Casino cash: $-875873
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Posts: 132,266
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#3084 |
Starter
Join Date: Apr 2007
Casino cash: $9709198
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HUD afs dxY U4RYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY YYYYYYYYYYYYYYYYYYYYYYYYYYY
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Posts: 65
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#3085 |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
Casino cash: $-452449
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Someone may need to do the Heimlich on tate2133.
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Active fan of the greatest team in NFL history. |
Posts: 145,246
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#3086 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $-710000
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It looks like someone has hacked into our system and hijacked all the NooBs accounts under 100 posts.
Weird shit going on recently........
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"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ ![]() "The men who drafted Patrick Mahomes" ![]() |
Posts: 54,915
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Hog's Gone Fishin |
This message has been deleted by Hog's Gone Fishin.
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Hog's Gone Fishin |
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#3087 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $-710000
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Quote:
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"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ ![]() "The men who drafted Patrick Mahomes" ![]() |
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Posts: 54,915
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#3088 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-1358100
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Posts: 46,300
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#3089 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $-710000
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Quote:
![]() Suckers skyrocketed in value.
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"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ ![]() "The men who drafted Patrick Mahomes" ![]() |
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Posts: 54,915
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#3090 |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
Casino cash: $-875873
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Posts: 132,266
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Hog's Gone Fishin |
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