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Old 11-20-2018, 03:43 PM
 
774 posts, read 419,068 times
Reputation: 1125

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Quote:
Originally Posted by Bp25 View Post
The discussion was about printing money. US printed 3 times the money it had before. All other central banks printed 3 times the money they had before. Let's assume all assets are now 3 times more expensive now (not exactly true but close). Nothing really changed relatively speaking, and as a whole other than for people sitting on cash this whole time. Their dollars are 1/3rd the value now.


Say I did not sit on cash and invested in stock or housing assets. I have 3 times the dollars each having 1/3rd the purchasing power of pre-runup value. Nothing changed for me.


For people involved in foreign trade, nothing changed because the relative value of dollar with respect to other foreign currency is the same as before.


There is a reason for other central banks to print money when US started this. Their currency was becoming expensive w.r.t. USD and that was hurting their exports. They had to dilute their currency by the same amount, if not more.



Now Fed starts shrinking balance sheet (destroy money) and if other central banks do not follow, USD will get more expensive compared to other currencies. US treasury will have to pay back debts with expensive dollars, even for previous debt with lower interest rates. Tell me how this will be helping us grow out of debt.


In one sentence you say that you don't care about global economy and then in the next sentence you talk about growing out of global debt. You and your genius president may not care about global anything but the world does not run based on your theories.



It's always easier to pay back debt with inflated money, like it or not.
My god, do you have any understanding about CAPITALISM??? Are you from North Korea maybe? .
So you like to cheat on creditors. You think itís ok to pay creditors with devaluated currency?
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Old 11-20-2018, 05:05 PM
 
2,838 posts, read 1,557,014 times
Reputation: 2235
C3POís a wack job, no other way to explain it.
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Old 11-21-2018, 01:45 AM
 
774 posts, read 419,068 times
Reputation: 1125
Quote:
Originally Posted by lieqiang View Post
Latest inflation rates:

China 2.5
Japan 1.2
Singapore 0.7
Thailand 1.2
Indonesia 3.1
Malaysia 0.3
etc.

Given the dollar has been strong for years, you conclusion that a strong dollar causes deflation in Asia don't align with reality.
A stronger dollar means a lot more emerging market stress
https://www.ft.com/content/4d4dd9aa-...e-41e0209208ec

Emerging Asia to Suffer Most From Strong Dollar, Macquarie Says
https://www.bloomberg.com/news/artic...macquarie-says

Countries Most Affected By A Strong U.S. Dollar
https://www.investopedia.com/article...-us-dollar.asp

Soaring US dollar threatens trouble for emerging markets
https://www.theguardian.com/business...erging-markets

Lol........God Bless our Strong US Dollar. It's time to send Asia back to sleep for a very looooong time. Powell just needs to continue raising interest rates and making our currency stronger and stronger. This will give Asia soooooooo much pain and destruction.

Next time when I go to Las Vegas I don't want to see VIP's from Asia anymore. The party is over!!!
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Old 11-21-2018, 07:54 AM
 
9,139 posts, read 2,528,698 times
Reputation: 8482
Quote:
Originally Posted by C2BP View Post
A stronger dollar means a lot more emerging market stress
https://www.ft.com/content/4d4dd9aa-...e-41e0209208ec

Lol........God Bless our Strong US Dollar. It's time to send Asia back to sleep for a very looooong time. Powell just needs to continue raising interest rates and making our currency stronger and stronger. This will give Asia soooooooo much pain and destruction.

Next time when I go to Las Vegas I don't want to see VIP's from Asia anymore. The party is over!!!
LOL, well you certainly aren't going to see Americans who are invested in the stock market there, so Las Vegas is going broke...in that case! Adelson wouldn't have been able to buy that medal for his wife - and so on.

I learned never to celebrate misery elsewhere - long ago! This is even more true at at time when investors have made ZERO return for the past year (or negative) and almost nothing for 10 or 20 years (4%, maybe).

I could care less if Chinese and Japanese and Indians prosper. I want them to prosper.
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Old 11-21-2018, 08:00 AM
 
9,139 posts, read 2,528,698 times
Reputation: 8482
Quote:
Originally Posted by Bp25 View Post
The discussion was about printing money. US printed 3 times the money it had before. All other central banks printed 3 times the money they had before. Let's assume all assets are now 3 times more expensive now (not exactly true but close). Nothing really changed relatively speaking, and as a whole other than for people sitting on cash this whole time. Their dollars are 1/3rd the value now.


Say I did not sit on cash and invested in stock or housing assets. I have 3 times the dollars each having 1/3rd the purchasing power of pre-runup value. Nothing changed for me.


It's always easier to pay back debt with inflated money, like it or not.
This would make sense, BUT:

1. The car I just bought, for what I got, was cheaper (considering basic inflation) than ever.
2. The computers and smart phones I bought were the same- I paid $550 in 1992 dollars for my phone back then.
3. Basic foodstuffs are available cheaply - not talking about dining out, but the prices of basis. More competition has made it so many deals can be had.
4. The costs of my electricity per KWH has not outpaced inflation. I was paying 10 cents a KWH in 1990, double that today - but that's tiny inflation over 30 years!
5. The costs of furniture and such things are as low as ever in my lifetime - again, leaving room for a little inflation.
6. The price of oil and gas are at levels which are normal or low....when you add in the MPG increases and other efficiency I am going (or heating...or cooling) the same for LESS.

When you start with the wrong premise (everything is 3X as expensive), you might end up with the wrong one.

It's the same old story. People complain about the cost of houses and show how they went up without noting that the average size of them has doubled.

Economics is a complex subject. Any attempt to simplify it won't work out. I have a family member who has been telling me similar things to what you are saying for 40 years. They never came true. He's poor and I'm not.

Who is right?
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Old 11-21-2018, 09:00 AM
 
4,909 posts, read 2,337,677 times
Reputation: 9080
Quote:
Originally Posted by C2BP View Post
A stronger dollar means a lot more emerging market stress
https://www.ft.com/content/4d4dd9aa-...e-41e0209208ec

Emerging Asia to Suffer Most From Strong Dollar, Macquarie Says
https://www.bloomberg.com/news/artic...macquarie-says

Countries Most Affected By A Strong U.S. Dollar
https://www.investopedia.com/article...-us-dollar.asp

Soaring US dollar threatens trouble for emerging markets
https://www.theguardian.com/business...erging-markets

Lol........God Bless our Strong US Dollar. It's time to send Asia back to sleep for a very looooong time. Powell just needs to continue raising interest rates and making our currency stronger and stronger. This will give Asia soooooooo much pain and destruction.

Next time when I go to Las Vegas I don't want to see VIP's from Asia anymore. The party is over!!!
You're good at googling up articles but it doesn't take away from the fact the dollar has been strong for years so your theory that strong dollar = deflation in Asia falls flat. Why would you keep saying something that is demonstrably false?
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Old 11-21-2018, 10:32 PM
 
774 posts, read 419,068 times
Reputation: 1125
The Fed is too tight and must reverse policy because this economy can’t handle it
https://www.cnbc.com/2018/11/21/the-...handle-it.html

Housing Is Faltering. Maybe the Fed Will Notice
https://www.barrons.com/articles/hou...ice-1542735099


Trump says he would like to see the Federal Reserve lower interest rates
https://www.cnbc.com/2018/11/20/trum...fed-rates.html

Goldman Sachs: History tells us the Fed will stick to its rate-hiking path
https://www.cnbc.com/2018/11/21/gold...e-markets.html


Only a fool would not realize by now that entire so called "recovery" and economic growth since 2008 is a scam, theft of public money and a fraud.
We have a bubble in real estate, we have a bubble in stocks, and we have bubbles everywhere and the air is coming out. Timberrrrrrrrrrrrrrrrrrrrrrrrrrrrrr...
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Old Today, 12:49 AM
 
4,909 posts, read 2,337,677 times
Reputation: 9080
Quote:
Originally Posted by C2BP View Post
Only a fool would not realize by now that entire so called "recovery" and economic growth since 2008 is a scam, theft of public money and a fraud.
When it seems like everyone else is a fool... it's not them, it's you.
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