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fghhgeergt
05 Mar 15 17:24
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Date Joined: 29 Aug 08
| Topic/replies: 64 | Blogger: fghhgeergt's blog
is there a chance the chinese govt might pull its peg to us dollar. thay probably need to devalue the currency in order to boost there economy. there are so many problems over there......there is a risk of deflation as there is too much production to be met in the current environment
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Report bongo March 5, 2015 7:26 PM GMT
Who can say - it's easy to view Communist leaders with western eyes and assume they are like us. E.g Tony Blair wanted to be a saviour ( Messiah complex ), big spending Gordon Brown just wanted to be liked at first then wanted to save the world, conservative leaders are a bit more pragmatic and just want to be re-elected. They all still wanted your votes.

These communist chappies want you to not want the vote, and gawd knows what that means in terms of policy. Their women can officially retire at 50 and men at 60, so I guess a lot more will be wanting a holiday. Just posted the biggest monthly trade surplus in Jan of any nation ever afaik, so their problem if indeed they have one is that they have a lot of options.
Report fghhgeergt August 12, 2015 4:27 PM BST
well they've just devalued it
Report bongo November 11, 2015 6:39 PM GMT
That was a good call fghhgeergt

I've been reading some stuff, mainly on the ASI, about steel and aluminium producing capacity in China. The central planners give the provincial governors GDP growth targets. This is a small improvement on the Soviet system as some central planning is devolved, but how does local government respond. They figure out investing in infrastructure is the way, and off they go to borrow to invest in irrigation metals roads trains etc without the necessary caution that would be exercised by a capitalist risking their own money.
There is still some new capacity to come through in the next 2 years apparently which will just exceed closures in other provinces.

So the next movement of the yuan will be a further devaluation - which will be great if for example you consume steel or aluminium or are planning to buy an e-bike or Chinese made telescope.
Report fghhgeergt January 8, 2016 7:23 PM GMT
one way traffic at the mo......time to move on just need another good idea
Report scissors May 20, 2016 7:00 AM BST
Yes -- call it Yu.
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