291–300 of 356 posts
Earlier quoted context omitted.
What’s funny is Starbucks in China is considered high end coffee shop (it literally cost $8 for an ice latte). So you can even see “influencers” bragging themselves there
If you think that's funny, you should see the Pizza Huts.
Well, that's rich. Especially since dollars (which the US has "license to print", manipulate, change interest rates, subsidize whole industries, etc.) have been forced as the world's trade currency for close to a century...
I was with you until the word "forced". Who forced anyone?
It might not register that much on the giving end, but it's common knowledge on the receiving end...
One thing that I think is getting lost in this discussion is the role of intent on currency manipulation. Switzerland has the strongest currency in the world due to the country's reputation for governmental and financial stability. This makes Swiss labor extremely expensive for reasons mostly outside of their control, and the Swiss government has tried (and largely failed) to remedy this. Technically, this is devalua…
If having two different exchange rates -- "offshore" and "onshore" -- doesn't say currency manipulator, I don't know what does.
The comment below about separate interest rates has nothing to do with this discussion.
One thing that I think is getting lost in this discussion is the role of intent on currency manipulation. Switzerland has the strongest currency in the world due to the country's reputation for governmental and financial stability. This makes Swiss labor extremely expensive for reasons mostly outside of their control, and the Swiss government has tried (and largely failed) to remedy this. Technically, this is devalua…
Earlier quoted context omitted.
Not even days. I lost $24k today, and $60k since last week. The thing that keeps you calm though is that sometimes it’s amazing how much money you can actually make in a matter of days, or a single day.
This means you have about a million dollars in stock investments alone, which you put you in a different class.
Seeing my normal shares ISA drop £2.5k yesterday and £1.5k the day before as a bit sobering.
Earlier quoted context omitted.
The entire European Union along with China ignoring US sanctions will make the US re-evaluate its hegemonic ideology and interests To get to a more collaborative world, this would have to happen. The risk being that it could lead to a less collaborative world if the US is seen as a toothless world police. With the EU coming into its own and willing to take a near term economic hit to advance its goals, and China bein…
EU has its own issues such as Brexit, lack of fiscal union, Greece, Italy debt, unemployment, slow growth, no immigration policy, no common foreign policy etc. When you talk about EU you really talk about 27 member states not some kind of United States of Europe. The EU it's not really in the mood of taking short term hits unless is threatened(i.e with tariffs). Not to mention that it supports Trump stance on China a…
So, really, is there any doubt that this is true? China's currency exchange rate has been abnormally stable for a long time, and the Obama, Bush, Clinton, Bush, and Reagan administrations all knew it was the result of currency manipuliation. They just found it politically unpalatable to admit it out loud. The real question would be, why is the U.S. finally admitting this out loud? 1) amping up a trade war 2) decoupli…
1) and 3) to a lesser extent. China's currency has been pegged to the USD for some time now. This is actually a common arrangement. A currency peg is basically a commitment by a government to keep its exchange rate with another country at a certain value, mostly to aid exports. It does this by buying and selling currencies, usually leveraging very large reserves. There are several reasons why the past few Admin. have…
What makes it symbolic?
Earlier quoted context omitted.
I was with you until the word "forced". Who forced anyone?
Α 10000ft gorilla of a superpower, meddling in foreign countries, toppling governments, spying, downright invading to "bring democracy", blackmailing, buying foreign politicians and influence, maintaining bases all over the world, playing one neighbor country against another for support, forced them. It might not register that much on the giving end, but it's common knowledge on the receiving end...
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Russia has the population of Nigeria and the GDP of Italy. The cold war ended a while ago. Worrying about them today makes about as much sense as worrying about Autria in 1930 because Austrohungaria used to be a world power.
Firstly, Nigerian population is much larger than Russian (190 vs 146). And secondly, what's wrong with population of Nigeria? It's 60% of population of USA and will probably be equal in 30 years.
I don't think it was a sleight on Nigeria. Just a poetic way to emphasize the weakness of the Russian economy by highlighting the disparity between its population and its GDP. And while the population of Nigeria is is larger it's in the right ballpark for the argument being made. They could have said Pakistan, Bangladesh or Indonesia. Although I suspect those nations have even larger populations but not by an order of magnitude.
“We expect a quick—and possibly intemperate—response from the White House, and consequently expect a more rapid escalation of trade tensions.”
Haha, really? No one would expect a intemperate response out of this cool and collected admin.