Re: The Brilliance of Moving US Manufacturing Jobs to China

On Sat, 03 Dec 2005 17:49:45 +1000, Dr Zen <longhornster@xxxxxxxxx>
wrote:

>With no regard for personal safety or the comfort of others, the Great
>"Pies de Arcilla" <dearcilla@xxxxxxxxx> blathered:
>
>>
>>Dr Zen wrote:
>>> With no regard for personal safety or the comfort of others, the Great
>>> "Pies de Arcilla" <dearcilla@xxxxxxxxx> blathered:
>>>
>>> >
>>> >Dr Zen wrote:
>>> >> It's a myth that you would suddenly correct your imbalance with China
>>> >> if they float the yuan. But in any case you do not ever come to grips
>>> >> with the key question: why should they?
>>> >
>>> >IT IS FLOATING; GOOGLE YUAN REVALUATION YOU IGNORANT PERSON!!!
>>> >
>>>
>>> You clearly have no idea what "floating" means.
>>
>>0.3% PER DAY is plenty to qualify.
>
>You clearly have no idea what floating means.
>
>> Circuit breakers on stock or
>>commodities markets are not uncommon; does this mean prices do not
>>float freely?
>
>Yes, it does.
>
>>Of course not. All them stocks have a 'free float', don't
>>they?
>>
>
>A currency that floats does not have a band it can float in, dude.
>
>>> >"China said the yuan could fluctuate as much as 0.3 percent a day
>>> >against the dollar. Since that time, the yuan has appreciated just 0.4
>>> >percent, angering U.S. lawmakers."
>>> >(http://www.bloomberg.com/apps/news?pid=10000087&sid=aU8vzaaGhoUI&refer=top_world_news)
>>>
>>> This is not floating your currency in the sense Josh is meaning.
>>
>>Look, 0.3% per day is over 6% a month, and doubling or halving in a
>>year. It's not a serious limitation. It's a face-saving gesture, and
>>also caution in case of a panic of some sort (which didn't happen
>>anyway).
>
>It is not floating your currency in the sense Josh is meaning.
>
>In any case, what the rightwingnuts that Josh is speaking for want is
>a revaluation of the yuan. They could care less whether it floats.

The idea is to get it into its natural trading range, Zen. That could
be accomplished either way, assuming the Chinese didn't meddle too
much with the currency market -- an unlikely assumption.

--
Josh

"I'm not going to play like I've been a person who's spent hours
involved with foreign policy. I am who I am." - George W. Bush
.

Relevant Pages

  • Re: OT: HP and US dollar
    ... > The Chinese peg the yaun to the dollar. ... The US gov't is urging China to float their currency but China probably ...
    (comp.os.vms)
  • Re: The Brilliance of Moving US Manufacturing Jobs to China
    ... All them stocks have a 'free float', ... A currency that floats does not have a band it can float in, ... Chinese people deserve to be ... We have a minimum wage, ...
    (misc.writing)
  • Re: Access-0.25 shows as zero in table-I want 0.25
    ... Integer to Float or Double; or change the datatype of the field itself ... from Number to Currency. ... places with no roundoff problems. ... Depending on your version of Access, you may also have a Decimal size ...
    (microsoft.public.access.tablesdbdesign)
  • Re: Currency and Number data type
    ... You refer to Float data type - this has confused me ... Float - is it the same as the Decimal option when looking ... >>better to use Currency data type and format it as say ... >It depends on the calculation. ...
    (microsoft.public.access.queries)