Dollar vs. Yuan: Exchange Rates Aren't the Problem. Or the Solution [View article]
How can China dumping the dollar possibly hurt them more than it hurts the US? Impossible. They lose say 30% of their war chest. We see commodity prices explode, higher interest rates, lower real wages, more foreclosures, under-water loans...
On Nov 16 08:46 AM Tetrapod wrote:
> Thanks for the article. > I agree that the currency peg isn't everything, but I think removing > it is a pre-requisite to any healing of the world's economic system, > especially that of the US. > China values jobs over wealth, and thus far, the US has been willing > to allow China to steal our core manufacturing jobs using their artificially > suppressed Yuan. > I think that our two governments are currently engaged in a big game > of Chicken (see seekingalpha.com/user/...). The > US is intentionally weakening the Dollar, to try to break China's > peg. China refuses to relinquish their death-grip. Sure, a badly > weakened dollar will hurt the US, but it will hurt Beijing even more, > as they are forced to buy more and more weakening dollars to keep > their currency artificially low. The ones who are getting hurt the > most are Europe and Japan, as their currencies are being forced up > to unsustainable levels. > Until either Washington or Beijing relent, it's going to be a very > ugly, but necessary contest. I believe we have the upper hand on > this one, as we can print money faster than China can buy it all, > and if China dumps the dollar, it hurts them more than us.
Roubini on Unemployment: 'The Worst Is Yet to Come' [View article]
we can't spend our way out of this....all the proposals are just that....the govt's plan is prop things up, cross our fingers, and hope that it works...but the next recession will be more full blown..this is like HIV...we dont have full blown AIDS yet...
China Nixes Obama's Balanced Trade Rhetoric [View article]
They are in a position of power and while helping us may help them, they're doing pretty good without it and long term they can really strike a blow to us by not being too accommodating...if I'm China, I keep the yuan pegged lower to the dollar while my massive surplus continues to increase while the economy in the US gets fundamentally worse with the weaker dollar (which hurts my war chest but so what, minimal impact in the long run), huge financing costs, credit card defaults waiting in the wings, no housing recovery, and no job creation on the horizon...
Seriously, this is griping for the sake of griping. If Apple didn't approve each app who knows what type of trojan horse apps there would be out there stealing people's data...
I'm not a fan of Microsoft by any stretch but when it comes to gaming they destroyed Sony. The PS3 simply took too long to develop, lost its big time 3rd party exclusive developers in the process, and has nothing to compete with marketplace. Add in the fact that blu-ray technology is likely to be skipped (just ask Steve Jobs), the PS3 is a disaster.
As for Wii, Nintendo made so much off it because its higher priced for an inferior product and more importantly they were the developers of the games. Do you remember the first Nintendo? Black box games? All Nintendo created...now they need the 3rd party developers to step up but most of them are already signed up with xbox and are always going to develop for that platform first and the others later...
Apple: Weaker Dollar Will Benefit Revenue Growth and Margins [View article]
the falling dollar obviously helps all multinational companies which in turn should help the SP 500. ASP for Apple products overseas are much higher than they are here in the US. Also, Apple products tend to be higher priced than those PC lines....90% of computers that cost more than a thousand dollars are sold by Apple...so its not really a question of more sales, its more a question of higher ASP
Washington Mutual (WAMUQ.PK -9.8%) - the bankrupt holding company - argues in bankruptcy court for JPMorgan Chase (JPM +1.8%) to return $4B that it says was on deposit at the time WaMu banks were seized. For its part, JPMorgan (along with the government) says WaMu's bookkeeping was a "shell game" and the money may have been a capital contribution instead of on deposit. [View news story]
JP Morgan is going to have to settle at some point, this was just buying time ...
David Einhorn: Break Up Too Big to Fail Institutions [View article]
The real danger in our political system is that the special interests have already hijacked this country without the majority even knowing it. As an American, I want my politicians to put America first, no country in the world can possibly have the identical interests as we do. I want lobbyist groups like AIPAC, who control our foreign policy to register as foreign agents. I want the Fed abolished. We need something other than a two party system. I can't decide who i hate more, the republicans or the democrats. All the write things are spoken in the run up to elections but once they are elected, certain actions that people voted for are now deemed 'politcally untenable'. Our system is a joke.
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Dollar vs. Yuan: Exchange Rates Aren't the Problem. Or the Solution [View article]
On Nov 16 08:46 AM Tetrapod wrote:
> Thanks for the article.
> I agree that the currency peg isn't everything, but I think removing
> it is a pre-requisite to any healing of the world's economic system,
> especially that of the US.
> China values jobs over wealth, and thus far, the US has been willing
> to allow China to steal our core manufacturing jobs using their artificially
> suppressed Yuan.
> I think that our two governments are currently engaged in a big game
> of Chicken (see seekingalpha.com/user/...). The
> US is intentionally weakening the Dollar, to try to break China's
> peg. China refuses to relinquish their death-grip. Sure, a badly
> weakened dollar will hurt the US, but it will hurt Beijing even more,
> as they are forced to buy more and more weakening dollars to keep
> their currency artificially low. The ones who are getting hurt the
> most are Europe and Japan, as their currencies are being forced up
> to unsustainable levels.
> Until either Washington or Beijing relent, it's going to be a very
> ugly, but necessary contest. I believe we have the upper hand on
> this one, as we can print money faster than China can buy it all,
> and if China dumps the dollar, it hurts them more than us.
Roubini on Unemployment: 'The Worst Is Yet to Come' [View article]
If Android's Going to Compete It Needs a Real App Store [View article]
China Nixes Obama's Balanced Trade Rhetoric [View article]
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Apples to Apples: Will History Repeat Itself as Android Gains on the iPhone? [View article]
Nintendo: The Wii Bubble Has Burst [View article]
As for Wii, Nintendo made so much off it because its higher priced for an inferior product and more importantly they were the developers of the games. Do you remember the first Nintendo? Black box games? All Nintendo created...now they need the 3rd party developers to step up but most of them are already signed up with xbox and are always going to develop for that platform first and the others later...
Apple: Weaker Dollar Will Benefit Revenue Growth and Margins [View article]
E*Trade: Very Undervalued [View article]
Can Apple Be a $300 Stock? [View article]
Washington Mutual (WAMUQ.PK -9.8%) - the bankrupt holding company - argues in bankruptcy court for JPMorgan Chase (JPM +1.8%) to return $4B that it says was on deposit at the time WaMu banks were seized. For its part, JPMorgan (along with the government) says WaMu's bookkeeping was a "shell game" and the money may have been a capital contribution instead of on deposit. [View news story]
David Einhorn: Break Up Too Big to Fail Institutions [View article]
Fannie and Freddie: Not Worthless Yet [View article]