This page has been archived and commenting is disabled.
"Currency War By 1000 Cuts" Continues - PBOC Weakens Yuan For Longest Streak Since Lehman
Amid warnings from Daiwa Capital Markets that policy-makers "will sacrifice Yuan stability" in order to manage the deterioration in the economy (trade and industrial production data confirming the weakness), The PBOC weakened the Yuan fix for the 8th straight day. This is the longest streak of weakness since August 2008.
As Bloomberg notes,
Chinese policy makers will sacrifice yuan stability as it is clear that growth is being impeded by currency being stronger than it needs to be, according to Daiwa Capital Markets.
PBOC will allow currency to weaken to 7.5000 per dollar by end of next year, representing a 15% drop from yesterday’s closing level of 6.3665
“The authorities need to stop intervening in the currency market for the purpose of making the currency stable, as a strong currency is offsetting the policy easing so far,” Kevin Lai, HK-based Chief Asia ex-Japan economist, says in interview
Still, any currency weakness wouldn’t be without challenges: it would increase debt burden of companies that have borrowed in foreign currency.
And sure enough...
- *CHINA WEAKENS YUAN FIXING FOR 8TH DAY, LONGEST RUN SINCE 2008
Charts: bloomberg
- 335 reads
- Printer-friendly version
- Send to friend
- advertisements -




Thousand cuts? I prefer 1000 lashes from the benevolent leaders of our key ally Saudi Arabia. Most lashes since Lehman!
The Dalmation sees your 1 more cut and raises you 2 more lashes.
"I'm lovin it...."
Silver will below $14 on this fantastic news tonight....
DEATH TO THE MONEYCHANGERS.
No chicken shit warehouse explosions? Im shocked.
"Chinese people can now rejoice in their wage cut!" - Vice Public Security Minister Meng Qingfeng
The silk road globalization experience that never work's. Gee, who can be behind this since 1913?
Just for example. Stupid policy for stupid Nobel Economic Prize Winners.
10 Nov/Vítor Constâncio: Understanding inflation dynamics and monetary policy in a low inflation environment
Phillips curve and.......
Modern Educayshunhttps://m.youtube.com/watch?v=iKcWu0tsiZM
Just sell gold.
I love fucking with the Central Planning group. Hey fucknobs.. I've got a good inside tip for you. Hahahahahahaa
There is no technology to manage open, evolving, complex systems. Like economies and societies. They are living systems, we can cause harm much easier than improving them. How do you improve a rain forest? Cut down all the trees less than $10 / hour high?
https://thinkpatriot.wordpress.com/2015/11/11/dynamics-of-national-colla...
1929 to the power of Dunning-Kruger + our Israeli-Neocon national security state plust Deep State components + their propensity to double-down when challenged by failure.
https://www.rutherford.org/publications_resources/john_whiteheads_commen...
In functioning societies, elder statements who are above the fray of party and other politics identify that kind of danger. Not a word from our professional military or spooks. All of the suspicious deaths are among the good guys.
This isn't a failure of the Constitution, certainly not a suicide pact imposed by that document. This is planning for a coup. 9/11 was the first step on what inevitably has to be acknowledge as a false flag every thinking person knows it to be. Nobody rational could have thought it would hold long enough that it was not going to come back to bite them badly. So it was planned as a multi-step operation? Nothing makes sense, many players of conflicting aims.
But 9/11 was a false flag operation, and that fact really should condition you thinking about everything. Dangerous time, imho.
https://wordpress.com/post/82509787/4173/
Hope I am wrong, but so many things are in such flux, ends of eras are new opportunities as well as failures of the old Status Quo.
List the amazing transgressions and lies and political successes of our Israeli-Neocons over the last 30 years. They do not lack for boldness and tend to smash their opposition.
Yes. They cannot stabilize domestic interest rate and concurrently stabilize the RMB. RMB is what they can only influence as global traders need not obey. So what is not transparent in their long landing without massive social unrest. You have seen nothing yet on the "China Price"
Articles like this make me wonder... plot it versus the euro.....
Ahhh - 'since Lehman'.
Best meme on ZH
Dude, PBOC will ALWAYS try to lowered Yuan's. That's good for exports. And you're surprised about PBOC moves??
What? The almost 50% counterfiet exports??? Walmart (WMT, a TLA) has become a very VERY bad deal. Their stuff does not even qualify as crap!!!
;-D
And yet Americans keep buying the foreign goods that are symbols of their own jobs disappearing.