Yuan falls to 11-year low
bloomberg.com
Yuan falls to 11-year low
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Re: Yuan falls to 11-year low
#2The US is running up a huge deficit and lowering rates yet the dollar is getting stronger. It is kind of strange.
Re: Yuan falls to 11-year low
#3The US is running up a huge deficit and lowering rates yet the dollar is getting stronger. It is kind of strange.
The US government as a whole, if you combine Local, State, and Federal spending, is not running a huge deficit. It is, in fact, paying its debts down.
You can quip about how sustainable this state of affairs is, but of the three, only federal debt is growing... And, if you look at inflation-adjusted metrics, that growth is very minor.
Re: Yuan falls to 11-year low
#4The US is running up a huge deficit and lowering rates yet the dollar is getting stronger. It is kind of strange.
The US government as a whole, if you combine Local, State, and Federal spending, is not running a huge deficit. It is, in fact, paying its debts down. You can quip about how sustainable this state of affairs is, but of the three, only federal debt is growing... And, if you look at inflation-adjusted metrics, that growth is very minor.
That's interesting, where can I see a chart of that?
Re: Yuan falls to 11-year low
#5The US is running up a huge deficit and lowering rates yet the dollar is getting stronger. It is kind of strange.
The US government as a whole, if you combine Local, State, and Federal spending, is not running a huge deficit. It is, in fact, paying its debts down. You can quip about how sustainable this state of affairs is, but of the three, only federal debt is growing... And, if you look at inflation-adjusted metrics, that growth is very minor.
Seconded
Re: Yuan falls to 11-year low
#6The US is running up a huge deficit and lowering rates yet the dollar is getting stronger. It is kind of strange.
Re: Yuan falls to 11-year low
#7Earlier quoted context omitted.
The US government as a whole, if you combine Local, State, and Federal spending, is not running a huge deficit. It is, in fact, paying its debts down. You can quip about how sustainable this state of affairs is, but of the three, only federal debt is growing... And, if you look at inflation-adjusted metrics, that growth is very minor.
That's interesting, where can I see a chart of that?
[deleted]
Re: Yuan falls to 11-year low
#8The US is running up a huge deficit and lowering rates yet the dollar is getting stronger. It is kind of strange.
The US government as a whole, if you combine Local, State, and Federal spending, is not running a huge deficit. It is, in fact, paying its debts down. You can quip about how sustainable this state of affairs is, but of the three, only federal debt is growing... And, if you look at inflation-adjusted metrics, that growth is very minor.
When people refer to US government they mean Federal.
And the concern is that the Federal government has structurally degraded its budget such that it is running larger and larger deficits.
And unfortunately when you give away money as tax cuts it's often politically impossible to reverse it.
Re: Yuan falls to 11-year low
#9The Chinese are doing everything they can to make sure US tariffs don't affect US consumers.
And discourage factory work to leave for other countries (Vietnam, Mexico, Taiwan, Thailand, etc).
Re: Yuan falls to 11-year low
#10The US is running up a huge deficit and lowering rates yet the dollar is getting stronger. It is kind of strange.
The US government as a whole, if you combine Local, State, and Federal spending, is not running a huge deficit. It is, in fact, paying its debts down. You can quip about how sustainable this state of affairs is, but of the three, only federal debt is growing... And, if you look at inflation-adjusted metrics, that growth is very minor.
Local and State in the US can't run deficits. They can put out bonds to fund projects but thats it. Its only the US federal government that can run deficits.