http://business.financialpost.com/2...-u-s-house-passes-currency-manipulation-bill/
looks like trouble ahead... buy your iPhone NOW!!!!
looks like trouble ahead... buy your iPhone NOW!!!!
Actually the bill was introduced by the GOP and not the DemsLooks like Pelosi, Bwawney, and the usual suspects are promising a bunch of new great jobs. They have had control of congress for 4 years now and their policies have driven our economy off of a cliff. We will see what kind of damage this bill provides when prices start rising.
I never said it was the Dems.Actually the bill was introduced by the GOP and not the Dems
What a twit you are schepp000!Looks like Pelosi, Bwawney, and the usual suspects are promising a bunch of new great jobs.
LMAO, are you sure this is not the equivalent of six letters n-word?The chink in the Chinese armour is the fact that the RMB is a controlled currency.
I wouldn't go that far to suggest either the Euro or the Uncle Sam as great currencies since the Euro is pretty "synthetic" and do not have the same reputation like the old Deutschmark.The RMB will never be a great currency ala. Euro or the US Dollar because it is not free.
Again not so sure the meaning for safe harbour. Do you mean safe harbour for carry trade?Only a currency which is allowed to float freely on the market will be considered a safe harbour.
True but wrong reason. They don't get "punished" because the Chinese are savvy enough to protect themselves, ie they don't let the RMB convertible for speculators like the hedge fund managers to destabilize the financial system for the sake of 2/20 or something.It's quite obvious that China is a blatant currency manipulator, and the only reason why they haven't been punished before is because they are the second largest economic force on the planet.
Maybe for 300 million Chinese (comparable to the US population) but there are still 1 billion or so of their "comrades" are having living standards comparable to those in the big chunk of Africa.China needs to understand that they are one of the big boys now. They need to play by the big boys rules.
They will continue to get no respect after they caved in to all the American immediate demands, if ever. Americans will look for another way to squeeze the Chinese and see how well the Americans could gain from the Chinese caving in.Until that happens, they will continue to get no respect.
Not Xenophobia in the sense that not that many supremacists or neo-nazis to attack the visible minorities since many ABCs are considered "model minority" when compared to other groups.It's not xenophobia,
Again as mentioned, many Americans see strategic, competitive threats from "great power" like China that undermine the Americans global dominance for century. Not going to be surprised many average Joes and Janes do not consider the Chinese as their kind of people.it's the reality that people expect great things from great powers.
Are you sure? The fat adolescent boy you describe sounds like one-third of the American population who enjoy themselves too much at the McDonalds of the world.And so far China plays like a fat adolescent boy, bullying to get it's way.
You and Nancy have controlled controlled congress since 2006. So, where are all those great jobs YOU promised?What a twit you are schepp000!
Where are all them great jobs YOU globalism goofs promised years ago when YOU(S) starting gutting America?....
DEMS NEVER PROMISED JOBS schlepp000.You and Nancy have controlled controlled congress since 2006. So, where are all those great jobs YOU promised?
Bwawney, you are a worthless pos. You ruined our economy with your government manipulation of the housing market and you have accelerated job losses with your anti-business policies.DEMS NEVER PROMISED JOBS schlepp000.
DEMS said all along along with Ross Perot jobs would leave.....that giant sucking sound, remember???
Globalism from the git-go was a GOP brain fart to screw the middle class and American workers. What we predicted from this GOP brain fart, has come to pass!....
So what's your alternative? Another Japan "lost decade" 10x the magnitude for the Chinese to pay the steep price for irresponsible spending and speculation by Caucasians, Anglo-Saxons in particular, with the African-Americans in the mix?The chinese are just shooting themselves in the foot with this policy. I won't bother explaining why that would be the case since most people who visit terb don't care to read detailed treatises on currency policy.
With their mercantilist policy the chinese leadership gets to
a. control who gets what loans, and on what terms,
b. control foreign flows of funds into the country
c. absorb the lower skilled workers in the countryside into cities
d. amass a vast treasure chest of dollars with which they can buy influence in their geopolitical neighbourhood, secure long term supplies of resources in places like Africa, and even gain some leverage on US policy (as chinese savings are funding the american recovery effort).
The biggest losers of this policy: chinese consumers, whose wages are being suppressed and their purchasing power undermined with an unnaturally cheap yuan. Also, those sectors othe chinese economy which are not favoured with cheap loans; the less politically connected, people on the 'outside' but with better ideas than the pampered nomenclatura who have all the pull and the plum jobs.
LOL, this is written by an author who works for a hedge fund company founded by somebody used to work for George Soros.
LMAO, looks like Woody has an alter ego/soulmate in schne327, other than the usual suspect Papasmerf.You are a lower low-life, bottom feeding POS than the weak-of-mind twins hinny and MIA Johnny LayRue!.....LOL!!!!....
You conservative con-artists FARKED the economy BIGTIME as your fav DICK would mutter from 2000-2008 and now attempt to lay blame on Obama for not fixing in <2 yrs what YOU took 8 yrs to screw up. Then YOU conservative gutter-snipes count on Americans to suffer from Alzheimer's, as YOU do, to forget about how you jack-offs really messed things up in the first place!
Classic case of Alzheimer's!
Go see your doc ASAP!
Soulmate? What did I ever do to you?LMAO, looks like Woody has an alter ego/soulmate in schne327, other than the usual suspect Papasmerf.
BTW, you don't have to worry about Obamao. He's going to take his turn to screw you up by resorting prescription worst than the disease strategy to fix the GOP mess for years to come.
Looking forward to seeing Obamao demanding mortgage free homeowner to be a patriot and do the right thing by pitching in for money to fix the mess.