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US Treasury just designated China as a currency manipulator. 180
Poast new message in this thread
Date: August 5th, 2019 5:57 PM Author: Big church ladyboy https://home.treasury.gov/news/press-releases/sm751 (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642170) |
Date: August 5th, 2019 5:58 PM Author: Odious school ok, so let's have some bombs flying...let's get it on...no more talk... (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642177) |
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Date: August 5th, 2019 5:58 PM Author: Big church ladyboy Better this shit now than 30 years down the line when America is run by soyboys and trannies and GC has fully taken hold (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642181) |
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Date: August 5th, 2019 9:29 PM Author: misanthropic chocolate striped hyena abode (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38643304) |
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Date: August 6th, 2019 1:00 AM Author: Bearded library nibblets (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38644177) |
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Date: August 6th, 2019 1:11 AM Author: misanthropic chocolate striped hyena abode (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38644189) |
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Date: August 5th, 2019 5:58 PM Author: Appetizing round eye cruise ship 180 (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642179) |
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Date: August 5th, 2019 5:58 PM Author: puce den hissy fit haha wow (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642180) |
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Date: August 5th, 2019 5:59 PM Author: dead galvanic bbw whorehouse Libs irate! (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642182) |
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Date: August 5th, 2019 5:59 PM Author: Gaped Lettuce "will continue to innovate and enrich the control toolbox"
Sounds like China just got an MBA. |
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Date: August 5th, 2019 5:59 PM Author: Odious school (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642188) |
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Date: August 5th, 2019 6:01 PM Author: Big church ladyboy its definitely powerful! (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642196) |
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Date: August 5th, 2019 6:11 PM Author: mustard digit ratio goyim (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642255) |
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Date: August 5th, 2019 11:00 PM Author: bright naked pocket flask (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38643760) |
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Date: August 5th, 2019 6:02 PM Author: dead galvanic bbw whorehouse *quick google search reveals it is word for word straight out of a Mankiw textbook* (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642207) |
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Date: August 5th, 2019 6:11 PM Author: Gaped Lettuce That's not rich experience! (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642252) |
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Date: August 5th, 2019 6:56 PM Author: Passionate learning disabled mood address (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642502) |
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Date: August 5th, 2019 7:02 PM Author: low-t sanctuary private investor (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642540) |
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Date: August 5th, 2019 8:55 PM Author: erotic thriller wrinkle queen of the night (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38643090) |
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Date: August 5th, 2019 9:05 PM Author: Vermilion mediation (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38643146) |
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Date: August 5th, 2019 9:29 PM Author: misanthropic chocolate striped hyena abode (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38643301) |
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Date: August 5th, 2019 6:00 PM Author: Spectacular Maize National Patrolman Is there anything USA can do to directly combat chinese currency manipulation? (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642194) |
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Date: August 5th, 2019 6:01 PM Author: puce den hissy fit yes it can lower interest rates to 0 and increase tariffs (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642198) |
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Date: August 5th, 2019 6:02 PM Author: Big church ladyboy Sanctions and additional tariffs if we want to take this up to 11 (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642202) |
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Date: August 5th, 2019 6:02 PM Author: Swashbuckling coral chapel chinese currency manipulation is mostly good for us. oh noes, now we're paying LESS for chinese made goods!!! (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642205) |
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Date: August 5th, 2019 6:11 PM Author: sadistic parlour good indicator they're getting desperate and really banking on the hopes trump is out soon. (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642253) |
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Date: August 5th, 2019 9:04 PM Author: Curious Lodge Nowag (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38643144) |
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Date: August 5th, 2019 6:12 PM Author: Spectacular Maize National Patrolman Meh. I'm ok with fucking over the US consumer in the short term if it ultimately strengthens the US economy. (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642258) |
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Date: August 5th, 2019 6:13 PM Author: sadistic parlour the chinamen are willing to take less in return for their trinkets. in a way they are subsidizing the tariffs. (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642272) |
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Date: August 5th, 2019 6:15 PM Author: Swashbuckling coral chapel it actually helps the us consumer in the short term as it lowers their costs for buying (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642281) |
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Date: August 5th, 2019 6:16 PM Author: sadistic parlour cr. before they were doing to force out competitors now its to stay competitive. lol that Trump still kicks them for it. (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642291) |
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Date: August 5th, 2019 6:20 PM Author: iridescent market Long term: US consumer gets fucked in the ass in 2035 when China charges what it wants for its high-tech goods, since America produces none of it after we lose the high-tech war. (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642309) |
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Date: August 5th, 2019 6:51 PM Author: hairraiser frisky jap alpha Cr (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642473) |
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Date: August 5th, 2019 6:02 PM Author: Swashbuckling coral chapel ty trump for pumping my crypto (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642201) |
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Date: August 5th, 2019 6:02 PM Author: nighttime clown stead If Treasury designates China a currency manipulator under a 2015 law, it is supposed to spend a year trying to resolve the problem through negotiations.
Should those talks fail, the U.S. can take a number of small steps in retaliation, including stopping the U.S. Overseas Private Investment Corp., a government development agency, from financing any programs in China. Trouble is, the United States already suspended OPIC operations in China years ago — to punish Beijing in the aftermath of the bloody 1989 crackdown in Tiananmen Square.
So naming China a currency manipulator is mostly “just a jaw-boning exercise,” said Amanda DeBusk, chair of the international trade department at the law firm of Hughes Hubbard & Reed and a former Commerce Department official. “There’s no immediate consequence.”
https://www.cnbc.com/2016/12/29/what-it-means-if-trump-names-china-a-currency-manipulator.html |
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Date: August 5th, 2019 6:03 PM Author: puce den hissy fit thats a bad analysis, the designation is justification for more sanctions and lower interest rates domestically (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642209) |
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Date: August 5th, 2019 6:03 PM Author: Big church ladyboy CR it's political / international cover for doing more shit vs. China (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642211) |
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Date: August 5th, 2019 6:04 PM Author: puce den hissy fit (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642220) |
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Date: August 5th, 2019 6:03 PM Author: Lavender stirring feces BUT HE'S STANDING UP TO THEM!!1/1 (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642212) |
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Date: August 5th, 2019 6:04 PM Author: iridescent market Too bad it means nothing. (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642216) |
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Date: August 5th, 2019 6:10 PM Author: Swashbuckling coral chapel it's a pretty strong signal about the u.s.'s intentions and negotiating stance (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642248) |
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Date: August 5th, 2019 6:12 PM Author: iridescent market Fair. Substantively, the act itself (naming it a currency manipulator) means nothing. (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642259) |
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Date: August 5th, 2019 6:11 PM Author: comical goal in life meetinghouse Should have happened a decade ago. About time (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642251) |
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Date: August 5th, 2019 6:12 PM Author: Big church ladyboy Romney was talking about this back in 2012 (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642261) |
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Date: August 5th, 2019 6:13 PM Author: Swashbuckling coral chapel there was a much better case for currency manipulation back then. most of china's manipulation these days is actually propping up the currency, not suppressing it. (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642269) |
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Date: August 5th, 2019 6:12 PM Author: sapphire party of the first part (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642266) |
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Date: August 5th, 2019 6:54 PM Author: Bronze painfully honest theatre (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642493) |
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Date: August 5th, 2019 6:12 PM Author: Rebellious violet persian 180. So when will the boys be able to report back at the plant in Youngstown? (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642262) |
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Date: August 5th, 2019 6:13 PM Author: Big church ladyboy (Guy who wants to reverse the effects of 30 years of terrible GC-driven policy in few months) (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642271) |
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Date: August 5th, 2019 6:14 PM Author: Rebellious violet persian so Trump's only been POTUS for a few months? (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642276) |
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Date: August 5th, 2019 6:14 PM Author: Big church ladyboy ~30 months vs. ~960 months
hmm
also:
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U.S. enjoys best manufacturing jobs growth of the last 30 years
Published: Jan 4, 2019 2:14 p.m. ET
Manufacturing employment in the U.S. is at the same level as 69 years ago
Last year, 264,000 new manufacturing jobs were added, representing the highest number of new workers since 1988. As a percent of the total workforce, manufacturing rose for the first time since 1984. |
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Date: August 5th, 2019 6:16 PM Author: Rebellious violet persian so we need 30 more years of Trump's trade war before manufacturing stops bleeding jobs and the trade deficit starts going DOWN instead of up?
also
And despite the U.S. economy setting new records daily for its continuous stretch of growth, now at 10 years and counting, the manufacturing sector has been in contraction. According to the Federal Reserve, U.S. factory production declined at an annual rate of 2.2% during the second quarter, even as the overall economy expanded at a 2.1% pace.
Such statistics would appear to collide with Trump's oft-stated goal of a U.S. manufacturing revival, starting as early as his 2016 presidential campaign.
During a speech in August 2016 in Detroit -- home of the nation's auto industry and headquarters to manufacturing giants General Motors (GM - Get Report) and Ford (F - Get Report) -- he said he would enter into "no trade deal unless it increases our economic growth and strengthens our manufacturing base." |
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Date: August 5th, 2019 6:17 PM Author: Big church ladyboy Dunno, but you're gonna sit here and tell me any other POTUS would have tried to turn this around vs. selling the country out further to China? (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642294) |
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Date: August 5th, 2019 6:19 PM Author: Rebellious violet persian Maybe because 30 years of presidents from both parties were soundly advised by economists that raising taxes on US consumers wouldn't do shit to bring back manufacturing jobs?
Trump's policy has been a failure at stanching the bleeding. All it's done is increase taxes on consumer goods and rock the markets.
https://www.thestreet.com/markets/china-currency-slide-could-hit-trump-where-it-hurts-in-us-manufacturing-15045229 |
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Date: August 5th, 2019 6:21 PM Author: sadistic parlour do you understand how currency devaluation works for the party accepting less in return for their goods in a dollar denominated market? (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642316) |
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Date: August 5th, 2019 6:22 PM Author: Rebellious violet persian "China's latest move to weaken the currency could ratchet up trade tensions with the Trump administration, while also sending a signal that the country's officials are prepared for a protracted dispute. And that could spell political trouble for the U.S. president as the 2020 elections approach.
"China plays the long game," Pantheon Macroeconomics, a highly respected forecasting firm, wrote Monday in a report to clients. "The higher the tariffs go, the further Mr. Trump's chance of reelection falls." "
For the U.S. industrial sector, a major risk is that volatile foreign-exchange rates with key trading partners could rattle manufacturing executives, prompting them to cancel or delay factory upgrades or assembly-line expansions until the dispute is resolved.
"The real impact of the current friction is the confusion it creates for businesses that must reassess their supply chains and investment decisions amid uncertainty about where tariffs may fall," said Christopher Smart at Barings Investment Institute.
The U.S. is a big exporter to China of manufactured goods like transportation equipment, computers and electronics, as well as non-manufacturing items like agricultural products, oil and gas, and services like travel and professional services.
"The manufacturing sector's woes are plentiful and mounting, with trade tensions and uncertainties, soft global growth, production and trade, inventory overbuild and the strong U.S. dollar," said Mickey Levy, chief economist for the Americas and Asia at Berenberg Capital Markets. "The weakness will persist as long as China's economy remains weak and suppresses global trade volumes and growth, and until the U.S. and China reach an agreement that eases trade tensions and uncertainties." |
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Date: August 5th, 2019 6:25 PM Author: sadistic parlour Can't you say it in your own words? I'm not reading any article you posted. (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642340) |
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Date: August 5th, 2019 6:29 PM Author: Big church ladyboy The same economists who said home prices would never fall in 2007?
Or that NAFTA wouldn't cause the US to lose jobs?
Those economists?
Appealing to discredited authorities is an interesting way to argue a point |
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Date: August 5th, 2019 6:29 PM Author: puce den hissy fit you're fucking 180 bro (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642359) |
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Date: August 5th, 2019 9:10 PM Author: cowardly glassy boltzmann dilemma I agree with most of your points, but the real significant manufacturing job loss was not due to NAFTA but due to China joining the WTO in 2001. (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38643178) |
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Date: August 5th, 2019 9:13 PM Author: Big church ladyboy Well. Yeah. That was the deathknell (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38643189) |
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Date: August 5th, 2019 9:56 PM Author: Wonderful property main people Why is it that other countries are able to grow their manufacturing centers but everyone assumes the USA is incapable of doing the same? (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38643445) |
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Date: August 5th, 2019 6:18 PM Author: iridescent market What Trump should really do is demand that the SEC start delisting Chinese companies from US exchanges unless they comply with our accounting and auditing rules. Chinese unicorns would be no more.
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Date: August 5th, 2019 6:24 PM Author: Appetizing round eye cruise ship 180 next step. (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642335) |
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Date: August 5th, 2019 11:27 PM Author: misanthropic chocolate striped hyena abode (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38643864) |
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Date: August 5th, 2019 6:24 PM Author: Idiotic field doctorate Nothing can save this boat, its gonna sink a bit. (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642333) |
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Date: August 5th, 2019 6:51 PM Author: Yapping rigpig rehab China and Russia are great powers. The only thing the Yankee enemy can do is annoy them. Nothing more. You are impotent. (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642475) |
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Date: August 5th, 2019 7:08 PM Author: Wine Resort China is a great power. Your vodka ape cousins are a joke. (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38642580) |
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Date: August 5th, 2019 7:09 PM Author: Yapping rigpig rehab https://www.nytimes.com/2019/08/05/opinion/inf-treaty-putin-trump.html
NTTimes says we have a better army than you. |
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Date: August 5th, 2019 10:35 PM Author: mustard digit ratio goyim *sponsored by Raytheon* (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38643624) |
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Date: August 5th, 2019 11:44 PM Author: Yapping rigpig rehab More like Rosoboronexport. (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38643943) |
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Date: August 5th, 2019 9:12 PM Author: razzle-dazzle crystalline crotch This seems to be ill informed. China's currency manipulation is currently maintaining a peg to the US dollar. If China stopped intervening, the Yuan would depreciate relative to USD. (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38643188) |
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Date: August 5th, 2019 11:26 PM Author: misanthropic chocolate striped hyena abode (guy taking his talking points directly from the Central Committee) (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38643861) |
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Date: August 5th, 2019 11:38 PM Author: iridescent market The world made a deal with the Devil (China). China is too brittle to allow for the RMB to free float, so the world looked the other way while the Chicoms stabilized their currency, and they did so with the understanding that the Chicoms would keep the RMB within certain bands (under 1:7). This provided stability to world markets, made Chinese exports cheap, etc. The Chicoms are now reneging on the deal they made and are devaluing as both a shield and a sword against Trump's tariffs. They can't have their cake and eat it too. (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38643905) |
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Date: August 5th, 2019 11:42 PM Author: misanthropic chocolate striped hyena abode The world also (wrongfully) assumed that China would democratize as they became more wealthy and would open their markets to actual competition.
Neither of those happened. |
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Date: August 5th, 2019 11:44 PM Author: Yapping rigpig rehab Nor should it. Democracy is flame and Yankees need destroying. (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38643937) |
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Date: August 6th, 2019 12:36 AM Author: razzle-dazzle crystalline crotch you're projecting your own politics into this. taken in aggregate, both the US and China have benefited substantially from this arrangement. you can argue that the benefits have flowed to specific segments of each country but that's a result of domestic (internal) policy as well.
read up on Triffin's Paradox: https://en.wikipedia.org/wiki/Triffin_dilemma
Basically, so long as the US Dollar is the world's reserve currency, it must maintain a trade deficit. However, that also gives that nation and its central bank the privilege of printing money and exporting the inflation. It keeps domestic borrowing costs low and asset prices elevated, while allowing financial institutions to borrow cheaply and go out and plunder the world's real wealth. |
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Date: August 6th, 2019 1:12 AM Author: Flushed Mischievous Personal Credit Line Menage we still want that, we just dont want China getting too much of the benefit. spread it around vietnam, indonesia, etc so that we dont create a superpowr communist country but instead we make a bunch of smaller countries richer but they also hate each other and then they all need to depend on the USA to keep the peace (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38644192) |
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Date: August 6th, 2019 1:15 AM Author: misanthropic chocolate striped hyena abode Titcr
The Chinks want to blow up the current world order. We dont need to help them do it.
Pax Americana has been to everyone’s benefit. |
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Date: August 5th, 2019 11:44 PM Author: bat shit crazy puppy background story 180 (http://www.autoadmit.com/thread.php?thread_id=4317118&forum_id=2#38643945) |