|
reboot
·
Aug 14, 2015
·
.
· Joined Jul 2006
· Points: 125
Mark E Dixon wrote: Also, I thought China had been intervening to keep the yuan high and the market caused the 2% devaluation once China tolerated it. China has been intervening to keep the Chinese stock market from crashing. China has always bought a lot of US securities, which tend to lower the exchange rate against the US.
|
|
Sam Keller
·
Aug 15, 2015
·
Mallorca, ES
· Joined Jun 2013
· Points: 30
These threads are dumb. Lots of dirtbags are educated.... Lots of employed people get out to climb.... The dichotomy is false. Stop wasting time on Mountain Project mentally masturbating! It's summer! Now is the time to send!!!!
|
|
Tony B
·
Aug 16, 2015
·
Around Boulder, CO
· Joined Jan 2001
· Points: 24,665
reboot wrote: It's massive in the perceived intent, not the actual amount. Still, I don't know any sane economist would use deflation as a tool, deinflation (reduction of inflation, not having negative inflation rate) perhaps. The last time US had a real deflation was during the great depression. We've had some minor ones since, mostly tied to oil prices. Fair enough that the actual amount is not huge... but the move was intended to be. By deinflation, I think you meant disinflation. But maybe both terms are used. As for why the economists you are thinking of would not use deflation as a tool it is because they are dealing with indebted economies. Inflation devalues debt, while DEFLATION increases the value of debt. The Payee would seek for Deflation of that economy - an increase in valuation of that currency in real terms or against their own. Wait a minute... what just happened in China again???
|
|
taipan jam
·
Aug 16, 2015
·
Unknown Hometown
· Joined Jun 2015
· Points: 30
About the best way I've seen it explained is: China has decided that the economic harm produced by pegging to the dollar outweighs the benefits produced by a strong domestic currency.
http://www.zerohedge.com/news/2015-08-11/1997-asian-currency-crisis-redux
|
|
Ray Pinpillage
·
Aug 16, 2015
·
West Egg
· Joined Jul 2010
· Points: 180
reboot wrote: It's massive in the perceived intent, not the actual amount. Still, I don't know any sane economist would use deflation as a tool, deinflation (reduction of inflation, not having negative inflation rate) perhaps. The last time US had a real deflation was during the great depression. We've had some minor ones since, mostly tied to oil prices. Deflation doesn't typically occur in an economy with a floating currency and fiscal policy control. Economists don't view it as a tool because unless you're discussing a pegged currency economy there isn't deflation.
|
|
june m
·
Aug 16, 2015
·
elmore, vt
· Joined Jun 2011
· Points: 110
Live your dream. Its not how many breaths you take but how many moments take your breath away
|
|
Tom Jones
·
Aug 16, 2015
·
Calgary, AB
· Joined May 2012
· Points: 7,302
Step 1: move to boulder colorado step 2: join a micro-start up that makes goretex beanies for dogs step 3: free solo everything under 5.5 and get ladies step 4: go to vedauwoo and get spanked every weekend and dream about the day you can do a real diamond route that's a nice middle ground
|
|
Tony B
·
Aug 17, 2015
·
Around Boulder, CO
· Joined Jan 2001
· Points: 24,665
Ray Pinpillage wrote: Deflation doesn't typically occur in an economy with a floating currency and fiscal policy control. Economists don't view it as a tool because unless you're discussing a pegged currency economy there isn't deflation. There are a lot of pegged currencies in the world, most of them to the US$. They move the pegs when it suits them. China included. Most of them, however, do not hold lots of US treasury debt, China obviously excluded.
|
|
Ray Pinpillage
·
Aug 17, 2015
·
West Egg
· Joined Jul 2010
· Points: 180
Tony B wrote: There are a lot of pegged currencies in the world, most of them to the US$. They move the pegs when it suits them. China included. Most of them, however, do not hold lots of US treasury debt, China obviously excluded. Which is to say soft-pegged currencies aren't pegged at all.
|
|
Tony B
·
Aug 18, 2015
·
Around Boulder, CO
· Joined Jan 2001
· Points: 24,665
Ray Pinpillage wrote: Which is to say soft-pegged currencies aren't pegged at all. Heh. Well they are for a decade or two at a time, but repegged from time to time.
|
|
Scott E.
·
Aug 18, 2015
·
Unknown Hometown
· Joined Aug 2010
· Points: 20
Luc Ried wrote:Does anyone care to wager in on their thoughts of whether getting an education and only climbing around your work schedule is better than dirtbagging and climbing wherever and working small jobs to keep climbing and travelling And you guys are now discussing Chinese economics??? Luuucc...Follow your dream Luc. The force is strong with you.
|
|
Tony B
·
Aug 18, 2015
·
Around Boulder, CO
· Joined Jan 2001
· Points: 24,665
Greg Petliski wrote: Theyre realllllly into pegging each other. Huh... according to your definition, 2 guys cant peg each other. Please explain?
|
|
cragmantoo
·
Aug 18, 2015
·
Unknown Hometown
· Joined Mar 2015
· Points: 175
Sam Keller wrote:These threads are dumb. Lots of dirtbags are educated.... Lots of employed people get out to climb.... The dichotomy is false. Stop wasting time on Mountain Project mentally masturbating! It's summer! Now is the time to send!!!! +1 This thread has turned bizarre, like so many before it. Discussions of Chinese economics, weird sex and whatever on a site that is supposed to be about climbing....
|
|
dylan grabowski
·
Aug 18, 2015
·
Denver
· Joined Mar 2015
· Points: 95
cragman2 wrote: +1 This thread has turned bizarre, like so many before it. Discussions of Chinese economics, weird sex and whatever on a site that is supposed to be about climbing.... Such is the life of the bored climber, who also happens to be a 9-5 desk monkey.
|
|
Morgan Patterson
·
Aug 18, 2015
·
NH
· Joined Oct 2009
· Points: 8,960
I heard of this dude who was into the peggin thang... heard he wears dresses now full time.
|
|
cragmantoo
·
Aug 18, 2015
·
Unknown Hometown
· Joined Mar 2015
· Points: 175
Dylan G wrote: Such is the life of the bored climber, who also happens to be a 9-5 desk monkey. LOL! makes the dirtbag existance seem like the better option.......
|