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Currency War: U.S. Hedge Funds Mount New Attacks on China's Yuan

wsj.com

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Re: Currency War: U.S. Hedge Funds Mount New Attacks on China's Yuan

#61

Post by tim333 »

hackuser wrote: post #44
tim333 wrote: post #42

Earlier quoted context omitted.

>China's economic growth simply isn't sustainable, and that's even if it was true growth People have been naysaying China for a while but it's kept merrily growing. Mostly it's because the Chinese tend culturally to be pro education and hard working but in China were reduced to very low incomes by Mao's communism and have since been recovering and getting back towards the kind of economy they have in Taiwan, Hong Kon…

> People have been naysaying China for a while but it's kept merrily growing. That's characteristic of both bubbles and genuine exceptional performance, and in many situations in addition to national economies. Look at rapidly growing startups, for example.

I think China has both bubbles and genuine exceptional performance. The property market there is pretty bubbly. And I don't know if you'd even call the stock market thing a bubble when it was deliberate government hyping.

Re: Currency War: U.S. Hedge Funds Mount New Attacks on China's Yuan

#63

Post by knowaveragejoe »

um_ya wrote: post #50
diego_moita wrote: post #39

Earlier quoted context omitted.

> China has a big us against the world mentality. It is a typical pattern on authoritarian mentalities and regimes. You'll find the same in Russia, widely spread among the Latin American left and the supporters of far right Republican candidates (Trump & Cruz). The best to do is to "give them enough rope so that they hang themselves", unfortunately. Authoritarian, centralized and anti free trade regimes end up broken…

And yet, people will continue to praise people like Bernie Sanders. Centralizing government authority does not make the world better.

Is that because it is inherently flawed, or because it isn't done correctly?

Re: Currency War: U.S. Hedge Funds Mount New Attacks on China's Yuan

#64

Post by knowaveragejoe »

aborochoff wrote: post #57
incongruity wrote: post #47

Earlier quoted context omitted.

I thought that approach always worked, but it looks like it doesn't for this article. What gives? I thought that was a requirement from Google that users see what the googlebot sees?

If you try to hit the link before googling you'll get paywalled. They Probably stick a cookie on you to prevent you from playing this trick (use another browser or private window).

They must be using some other fingerprinting techniques if that's the case, it's not working in either a private window(chrome) or another browser(firefox).

Re: Currency War: U.S. Hedge Funds Mount New Attacks on China's Yuan

#65

Post by JackFr »

obrero wrote: post #55
PakG1 wrote: post #19

What I'm about to say is unfortunate but true. China has a big us against the world mentality. Economic "attacks" are often seen as attacks by nation states, not by individuals, and as such, directly reflect foreign policy attitudes. Language like this only adds fuel to the fire. Given the different worldview about how the world works, motivations will always be suspect. Official party mouthpieces will never view suc…

> China has a big us against the world mentality In 2001, George Bush ordered the Air Force to fly along the Chinese border, to purposefully set off China's attack systems. Then, one of the fighter jets rammed into a Chinese pilot, crashing his plane and killing him. Then, the attacking US plane landed without authorization within Chinese territory. The Chinese sent a crew aboard the airplane and the US media and pol…

This is simply wrong on a number of important facts.

https://en.wikipedia.org/wiki/Hainan_Island_incident

A Chinese interceptor fighter jet collided with a propeller powered US electronics intelligence aircraft flying in international airspace.

Re: Currency War: U.S. Hedge Funds Mount New Attacks on China's Yuan

#66

Post by knowaveragejoe »

bcg1 wrote: post #46
ryandamm wrote: post #7

Earlier quoted context omitted.

The main problem is a devalued currency stokes inflation, so consumer costs go up (so do producer costs, but that's offset by better export earnings). China is in the middle of a shift from an export-driven economy to a consumption-driven economy, part of the normal development arc of major economies. But increasing export profits at the expense of households pushes that balance in the wrong direction. For more (much…

$57 trillion in world debt is something quite unlike a savings glut. And that is just public debt, and it is growing quickly. http://www.economist.com/content/global_debt_clock But in general I agree with your overall statement... everyone talks about China's "ghost cities" as if they are some sort of quixotic or keynesian tomfoolery... but a simpler explanation is simply that China wants to urbanize and grow a middl…

It's not intuitive, that's precisely what that is.

Re: Currency War: U.S. Hedge Funds Mount New Attacks on China's Yuan

#67

Post by strebler »

incongruity wrote: post #47
RA_Fisher wrote: post #33

Earlier quoted context omitted.

One trick is to Google the headline. The article as linked-to from Google won't have a paywall. :)

I thought that approach always worked, but it looks like it doesn't for this article. What gives? I thought that was a requirement from Google that users see what the googlebot sees?

I had the same problem - first clear your cookies for WSJ.com, then google the headline. Worked for me.

Re: Currency War: U.S. Hedge Funds Mount New Attacks on China's Yuan

#68

Post by tim333 »

mooreds wrote: post #51
tim333 wrote: post #42

Earlier quoted context omitted.

>China's economic growth simply isn't sustainable, and that's even if it was true growth People have been naysaying China for a while but it's kept merrily growing. Mostly it's because the Chinese tend culturally to be pro education and hard working but in China were reduced to very low incomes by Mao's communism and have since been recovering and getting back towards the kind of economy they have in Taiwan, Hong Kon…

China recently and Japan from 1960-1990 took very similar paths to prosperity: Click on the max timeframe for the first charts below to see the similar growth curves: http://www.tradingeconomics.com/japan/gdp http://www.tradingeconomics.com/china/gdp

I think Japan stopped growing rapidly partly because they'd caught up with the west and couldn't keep transforming by copying more developed countries. I don't think China's there yet. Maybe if their gdp/capita goes from $6.8k (China) to $39k (Japan) that will be the case but there's a way to go.

Re: Currency War: U.S. Hedge Funds Mount New Attacks on China's Yuan

#69

Post by viggity »

knowaveragejoe wrote: post #63
um_ya wrote: post #50

Earlier quoted context omitted.

And yet, people will continue to praise people like Bernie Sanders. Centralizing government authority does not make the world better.

Is that because it is inherently flawed, or because it isn't done correctly?

No true scotsman, huh? Like it or not, power corrupts. the more centralized, the more power, the more corruption.

Re: Currency War: U.S. Hedge Funds Mount New Attacks on China's Yuan

#70

Post by ars »

cylinder wrote: post #60
PakG1 wrote: post #19

What I'm about to say is unfortunate but true. China has a big us against the world mentality. Economic "attacks" are often seen as attacks by nation states, not by individuals, and as such, directly reflect foreign policy attitudes. Language like this only adds fuel to the fire. Given the different worldview about how the world works, motivations will always be suspect. Official party mouthpieces will never view suc…

>China has a big us against the world mentality And Americans don't? Probably the most paranoid people with such limited understanding of the surrounding world...

No, they don't. They might have "Americans are best", but not Us against the World.
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