Ahrenl
join:2004-10-26
North Andover, MA
 ·Verizon FIOS
| reply to supergirl
Re: High turnover rate
I'm afraid you're incorrect. The Yaun is worth less than the Dollar, they have been depressing the value, previously by pegging it to the dollar, and more recently by using a black box floating method, that is only slightly not pegged to the dollar. It is still appreciating more slowly than all other currencies compared to the dollar.
Congress had been threatening to enact large tarriffs on all Chinese imports if they didn't allow their currency to appreciate, this would offset how inexpensive Chinese goods are because their currency is so weak. |
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supergirl
join:2007-03-20
Pensacola, FL
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 ·AT&T Southeast
·magicjack.com
| reply to Ahrenl
said by Ahrenl  :Actually it would be weaker.. the complaint is that China depresses the value of their currency, making ours artificially strong. The value of the dollar is declines because the Fed continues to cut rates to sacrifice the future for the present. You could cut the rates to 0% and it's not going to save people with subprime rate resets. Regardless, until the currency markets think that the Fed is considering raising rates the value of the dollar will continue to decline. No, the Chinese are artifically inflating the value of their currency over ours. It has been in the news as part of the trade deficit with China and even caused friction for several years now with the State Department. That news has been in BusinessWeek, USA Today, NY Times, and even FED reports.
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Saving the world keeps me busy. However, I find Earth very primitive from my home planet of Krypton.
-Supergirl |
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