Posted on 08/12/2015 9:03:30 PM PDT by tcrlaf
It will also be a strong deterrent for the Chinese and Russians in their efforts to expand their influence around the world. Those activities are expensive and they don't have the money to continue for very long.
Thanks.
Argentina, another centrally planned economy, hitched its horse to the wrong cart.
What is a currency devaluation and how does it affect first the domestic and then international marketplace?
I hear a lot of idiots saying that, but they are, you know, idiots.
That's the perfect response. Government should stay out of the way. Only Democrats want government intervention, right?
Fine....crash the western economies...we can’t buy their crap. then they are in a worse mess!
China devaluation of the yuan is not going to crash our economy. It may cause deflation here in the USA as their crapola they export to us becomes even cheaper. We export a fraction of what we import to China so any decrease in our exports will be negligible.
bs . you and obama have the samme answer and it’s wrong. you and obama are on the same team
all the other countries in the world are devaluing. you idiots don’t have a clue and you think you know but all the asian countries are right and you and your obama are wrong
Why is a strong dollar bad? What will happen to the US if the dollar is strong?
Also, What is the difference between information, knowledge and wisdom?
Whenever I meet an economic hysteric I always like to see what they know. Pretty graphs and emotional writing do not a rational argument make.
A strong dollar is good for the American consumer: more purchasing power.
A strong dollar is bad for US exporters, making their products more expensive abroad. However, for US exporters who rely on foreign inputs for their products, they also benefit from a strong dollar.
Smart move. Capitalizes China. Cheaper costs in China means incentive to buy Chinese. Puts some foreign companies out of business. Establishes supply chains to China. Later, raise currency valuations.
Exactly. So Democrat Media is a shill. The only danger of the Yuan devaluation is that if our interest rates go up, we are exporting inflation. Under that scenario we should expect prices here to fall further, particularly in RE.
The FED is out of bullets and we remain in a very deflationary environment. They should bite the bullet and let the interest rate float back up to normal, wherever the market takes us. That would wash out the bad capital and cause an inflow of good capital.
Once Obama is out of office that can also be achieved through fiscal policy via tax and regulatory reform. What will happen either way is that Americans will continue to innovate their way around the problem. High prices cure themselves.
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