Laugh if you want. You still know I'm right.
What is so difficult to understand. The fed tries to "coax" the dollar. The chinese government CONTROLS the Yuan.
What's so fucking hard to understand?
Biggest bubble of all time
- Thread starter Kicking
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Laugh if you want. You still know I'm right.
What is so difficult to understand. The fed tries to "coax" the dollar. The chinese government CONTROLS the Yuan.
What's so fucking hard to understand?
How's that different from the federal reserve cutting 100 basis points on fed funds in the past 3 months, firing the printing press, flooding hundreds of billions of dollars into the economy, without which the US markets would have CRATERED into oblivion??. Same show, different actors.
Quote from Banjo:
A macro that bothers me intenslyn the other side of the "short the U S equities markets" trade is an amalgam of sovereign govt's, no doubt more to be added as required. They can't afford to lose, they control rates, they have printing presses. That rattlesnake the shorts are trying to corner has become a 30 foot anaconda and not everybody's going to make it out of the room.
incredible innit....
lots of industry folks positioned short since '02/'03 now fantasizing they will be rewarded for staying patient and unabated [read= hopleessly clueless and cocksure].
i have a hard time figuring these kind of strategies.
The Chinese "steal", while Americans "borrow for life". Same shit.
The difference is between being in the driver's seat of a Mack truck and hitting the brake (China), vs. hooking a Dodge Neon to a chain and trying to stop the Mack truck with the little Neon (Fed).
Apples to oranges in terms of net effect on the valuations of the currencies.
Tell me. Where should Yuan be valued. Give me a figure. Who tells you that it's undervalued?? CNBC? You like Sue Herrera?
Am I the open market? No...and neither is the Chinese government. So, I don't make assanine claims of exactly where it should be. My opinion is that the Yuan is greatly undervalued since it has been artificially deflated to keep it close to the falling dollar. Unless the biggest fucking coincidence is happening in the world and the Yuan just happens to be falling naturally with the Dollar and the Chinese government isn't needing to direct its fall?
You and I both know that's not the case.
So you tell me how it's possible that the Yuan is not improperly valued if it doesn't float on the open market?
your analogy correlates well to the effectiveness of your arguments.
Since when does the open market dictate and control the printing of dollars?
Good bye. I have no interest in playing 8 year old insult games.