B
Bodd
For a minute I thought you was going to say I lied and wrote that all myself.
Thank you for your trust
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For a minute I thought you was going to say I lied and wrote that all myself.
Thank you for your trust
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It confirms that the Yuan, or renminbi, whatever you prefer, was de-pegged from the dollar in 2005, and remains undervalued.
You got any links that say otherwise?, you got anything?
No, thought not.
B
Bodd
How have economists reacted?
Chris Williamson, chief business economist at IHS Markit, said the data showed "an economy in decline and skirting with recession as headwinds from slower global growth are exacerbated by a Brexit-related paralysis".
Geoffrey Yu of UBS Wealth Management said that while the global picture was "becoming more gloomy", anyone looking for positive signs for the economy could look to "robust private consumption, reflecting a 9healthy labour market".
Household spending rose 0.5% on the quarter. Samuel Tombs, chief UK economist at Pantheon Macroeconomics, agreed that household spending was still growing at a "robust rate" and said it was not time to panic.
He said the stockpiling was dragging on the economy, which was "sluggish and had not stalled".
Chris Williamson, chief business economist at IHS Markit, said the data showed "an economy in decline and skirting with recession as headwinds from slower global growth are exacerbated by a Brexit-related paralysis".
Geoffrey Yu of UBS Wealth Management said that while the global picture was "becoming more gloomy", anyone looking for positive signs for the economy could look to "robust private consumption, reflecting a 9healthy labour market".
Household spending rose 0.5% on the quarter. Samuel Tombs, chief UK economist at Pantheon Macroeconomics, agreed that household spending was still growing at a "robust rate" and said it was not time to panic.
He said the stockpiling was dragging on the economy, which was "sluggish and had not stalled".
Obviously a dated piece. Do you have a link? The UK economy contracted in the last quarter.
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B
Bodd
It was from your BBC link. You should read your links before you post them...
Is fishing the same as trolling.
Sucker
Its still pegged
And its not undervalued
The following explains the working of China’s currency regime.
HOW DOES CHINA MANAGE THE YUAN?
The People’s Bank of China (PBOC) allows the yuan to trade in a 2% range around a mid-point it fixes against the dollar each day. That mid-point is based on the yuan’s movement in the previous session and moves in currencies of China’s main trading partners.
In late 2015, China unveiled a new trade-weighted CFETS yuan index, saying the yuan’s value should better reflect its trade and investment with multiple countries, not just the United States.
Since 2017, the number of the currencies in the basket is 24 and the dollar’s weight is 22.4%
IS THE YUAN UNDERVALUED?
Based on the real effective exchange rate (REER), which measures a currency’s value weighted against those of its major trading partners after adjusting for inflation, the yuan is close to if not slightly stronger than its long-run average.
Reuters aug 2019
https://uk.reuters.com/article/uk-u...yuan-and-what-is-its-real-value-idUKKCN1UZ0JU
The Chinese yuan is probably already overvalued against the U.S. dollar
https://www.cnbc.com/2019/03/11/chi...be-overvalued-and-is-set-to-slide-nomura.html
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Your link.
https://en.wikipedia.org/wiki/Renminbi
Your claim.
It has previously been claimed that the renminbi's official exchange rate was undervalued by as much as 37.5% against its purchasing power parity
The evidence for this claim.
Lipman, Joshua Klein (April 2011). "Law of Yuan Price: Estimating Equilibrium of the Renminbi" (PDF). Michigan Journal of Business. 4 (2). Retrieved 23 May 2011.
The pdf does not exist, also this is the journal for
"An undergraduate-run academic business journal at the Stephen M. Ross School of Business"
Yeah. You just sunk yourself with your idiocy.
Yourseld and Bodd should start your own journal of RWR Economics.
B
Bodd
Notch7, post: 4424920, member: 249043"]
Calling EFL.
Ross Clark, The Spectator
It was a covert operation
Its paywalled so I cant read the whole article.. Bodd must have people on the inside.
I'll see what more I can find out and how much Bodd knows.
I could be dangerous. From now on let's just talk in Portuguese to throw Bodd off.
EFL. You can speak Portuguese?
EFL, EFL. Are you there.
[/QUOTE]
Calling EFL.
Ross Clark, The Spectator
It was a covert operation
Its paywalled so I cant read the whole article.. Bodd must have people on the inside.
I'll see what more I can find out and how much Bodd knows.
I could be dangerous. From now on let's just talk in Portuguese to throw Bodd off.
EFL. You can speak Portuguese?
EFL, EFL. Are you there.
[/QUOTE]
- Joined
- 1 Apr 2016
- Messages
- 13,424
- Reaction score
- 540
- Country
Its still pegged
And its not undervalued
The following explains the working of China’s currency regime.
HOW DOES CHINA MANAGE THE YUAN?
The People’s Bank of China (PBOC) allows the yuan to trade in a 2% range around a mid-point it fixes against the dollar each day. That mid-point is based on the yuan’s movement in the previous session and moves in currencies of China’s main trading partners.
In late 2015, China unveiled a new trade-weighted CFETS yuan index, saying the yuan’s value should better reflect its trade and investment with multiple countries, not just the United States.
Since 2017, the number of the currencies in the basket is 24 and the dollar’s weight is 22.4%
IS THE YUAN UNDERVALUED?
Based on the real effective exchange rate (REER), which measures a currency’s value weighted against those of its major trading partners after adjusting for inflation, the yuan is close to if not slightly stronger than its long-run average.
Reuters aug 2019
https://uk.reuters.com/article/uk-u...yuan-and-what-is-its-real-value-idUKKCN1UZ0JU
The Chinese yuan is probably already overvalued against the U.S. dollar
https://www.cnbc.com/2019/03/11/chi...be-overvalued-and-is-set-to-slide-nomura.html
Notch your wasting your time, filly has no clue and these guys will not listen or learn.
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