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venetiangirls Kinky King UID 23344 Digest Posts 0 Credits 1141 Posts 1304 Karma 1141 Acceptance 6 Reading Access 50 Registered 11-4-2009 Status Offline

#1 Post at 5-2-2010 04:42  Profile P.M.  Font size: S M L man oh man oh man Doesnt' look good..........Seems like China will be letting its currency appreciate against the US dollar. Article came out today that says China's currency is currently 40% undervalued. That's a shockingly high percentage. They say there is a high likelihood that it's gonna happen this year so folks, grab your gear and head down asap cause it doenst look like the party will last much longer if they do go ahead and let the currency appreciate. I dont like this at all. Article is below http://news.yahoo.com/s/nm/20100204/pl_nm/us_china_usa

Canonball Musky Member UID 37622 Digest Posts 0 Credits 154 Posts 225 Karma 153 Acceptance 16 Reading Access 20 Registered 9-1-2010 Status Offline

#2 Post at 5-2-2010 07:35  Profile P.M.  Font size: S M L doubt its going to rise too high because the chinese gouverment doenst want to have its exchange rate diminished since its bad for their importation and exportation nice topic btw

waikeekee (WKK) Kinky King UID 26173 Digest Posts 0 Credits 1190 Posts 777 Karma 1184 Acceptance 129 Reading Access 50 Registered 11-6-2009 Location Shanghai Status Offline

#3 Post at 5-2-2010 09:18  Profile P.M.  Font size: S M L Reply #2 Canonball's post I agree with you, but hey! what do I know? Most important, must know how to make more money. RGDS WKK

venetiangirls Kinky King UID 23344 Digest Posts 0 Credits 1141 Posts 1304 Karma 1141 Acceptance 6 Reading Access 50 Registered 11-4-2009 Status Offline

#4 Post at 5-2-2010 13:21  Profile P.M.  Font size: S M L Reply #3 waikeekee's post how about preserving our money and making it last and that's not gonna happen with the appreicated yuan

cbd Banned UID 28936 Digest Posts 0 Credits 243 Posts 659 Karma 243 Acceptance -8 Reading Access 0 Registered 7-8-2009 Status Offline

#5 Post at 5-2-2010 13:36  Profile P.M.  Font size: S M L Reply #2 Canonball's post " bad for their importation and exportation " actually, apreaciating currency is only bad for the countries exportation.

Eclipse Carnal Conqueror UID 37052 Digest Posts 0 Credits 213 Posts 197 Karma 212 Acceptance 22 Reading Access 30 Registered 31-12-2009 Status Offline

#6 Post at 5-2-2010 13:38  Profile P.M.  Font size: S M L Reply #2 Canonball's post I also agree. This is politics and posturing. China is not going to let their currency appreciate that much especially with all other recent disagreements both countries have had.

venetiangirls Kinky King UID 23344 Digest Posts 0 Credits 1141 Posts 1304 Karma 1141 Acceptance 6 Reading Access 50 Registered 11-4-2009 Status Offline

#7 Post at 5-2-2010 17:07  Profile P.M.  Font size: S M L Reply #6 Eclipse's post yeah, they might not let it appreciate that much but how much is much? It is currently undervalued by 40%. Understand there are tensions between china and the US but appreciating the yuan will/should not have anything to do with the tensions between the two countries.

hunter (Real Slim Slapper-Status: 九叔 .) Fucking Legend UID 2748 Digest Posts 0 Credits 16230 Posts 12435 Karma 16060 Acceptance 3408 Reading Access 100 Registered 5-8-2007 Location Pussy Paradise, Earth Status Offline

#8 Post at 5-2-2010 17:16  Profile P.M.  Font size: S M L I dont think the chinese administration is that dumb to appreciate their Yuan drastically. China currently holding more than 2 trillion USD in US bonds, what incentive do they have? US is helpless though, b'cos they are still in the recession and recent unemployment rate still deteorating. Unless US going into a more serious recession, 40% is higly unlikely number to put your money on. Having said that, the recent RMB does appreciate from 88.3 to 87.7 to HKD100 Retired from pussy arena….Uncle 9

venetiangirls Kinky King UID 23344 Digest Posts 0 Credits 1141 Posts 1304 Karma 1141 Acceptance 6 Reading Access 50 Registered 11-4-2009 Status Offline

#9 Post at 5-2-2010 17:22  Profile P.M.  Font size: S M L Reply #8 hunter's post when did this appreciation begin? 88.3 to 87.7 last year when I was in China and same as this year, for every 1000HKD I got back 880 RMB exactly. Got this in Zhuhai and HK so if that appreciation was recent it really didnt show. Recent Ratings hunter   5-2-2010 18:35   Acceptance   +1   since like 2 weeks ago

yash Nookie Newbie UID 32444 Digest Posts 0 Credits 59 Posts 80 Karma 59 Acceptance -2 Reading Access 10 Registered 10-10-2009 Status Offline

#10 Post at 5-2-2010 17:30  Profile P.M.  Font size: S M L US gov always press China to appreciate RMB so as to buy less chinese goods,thus protecting the domestic supplier there is really nothing we can do,except making more money

Eclipse Carnal Conqueror UID 37052 Digest Posts 0 Credits 213 Posts 197 Karma 212 Acceptance 22 Reading Access 30 Registered 31-12-2009 Status Offline

#11 Post at 5-2-2010 17:48  Profile P.M.  Font size: S M L Reply #7 venetiangirls's post RMB has been undervalued for a long time. This is not the first time the US govt is pressuring China to appreciate it. RMB has appreciated over the years, but not as much as it should if it was not under a fixed exchange rate. RMB appreciation does have to do with the current tensions because it is not something new at all. Just as the Taiwan issue is not something new either.

venetiangirls Kinky King UID 23344 Digest Posts 0 Credits 1141 Posts 1304 Karma 1141 Acceptance 6 Reading Access 50 Registered 11-4-2009 Status Offline

#12 Post at 5-2-2010 17:53  Profile P.M.  Font size: S M L Reply #11 Eclipse's post i understand it's not new but I just want to know whether they will be appreciating it by a lot or not. Article says undervalued by 40%. That's a big percentage. Getting mixed news all the time. last time one of the chairmans of china's economic policy went on cnn and said they will not appreicate it this year but maybe next. Now you got this article coming out saying it will likely appreicate. If it appreciates to 6.5 or even 6.2, then that's still OK. What if it appreciates to 5.5 or 5 for every dollar.

Eclipse Carnal Conqueror UID 37052 Digest Posts 0 Credits 213 Posts 197 Karma 212 Acceptance 22 Reading Access 30 Registered 31-12-2009 Status Offline

#13 Post at 5-2-2010 18:23  Profile P.M.  Font size: S M L Reply #12 venetiangirls's post The article also says that the markets' expectations are that it will appreciate 2.8% over the next 12 months. There is no way China is going to do a big appreciation. They have not done so in the past and won't in the near future. Why would they want to hurt themselves for no reason? They are not the country that is in trouble and in a recession.

Finn Kinky King UID 6585 Digest Posts 0 Credits 1038 Posts 611 Karma 1029 Acceptance 178 Reading Access 50 Registered 2-1-2008 Status Offline

#14 Post at 6-2-2010 02:23  Profile P.M.  Font size: S M L sigh im losing money everyday now... the euro is falling!!

venetiangirls Kinky King UID 23344 Digest Posts 0 Credits 1141 Posts 1304 Karma 1141 Acceptance 6 Reading Access 50 Registered 11-4-2009 Status Offline

#15 Post at 6-2-2010 06:28  Profile P.M.  Font size: S M L Reply #14 Finn's post your euro is falling and the RMB is appreciating. You're getting double whammied

eddielee Lustful Lord UID 4041 Digest Posts 0 Credits 571 Posts 337 Karma 570 Acceptance 22 Reading Access 40 Registered 28-10-2007 Status Offline

#16 Post at 7-2-2010 02:37  Profile P.M.  Font size: S M L pressure for yuan appreciation was much stronger, and more justified, 5 years ago. and even then they only revalued a bit -- less than 10% over a year, if i remember. i really doubt they'll revalue anytime soon and even if they do, it won't be by very much. strongest case against revaluation would, as hunter pointed out, their $2 trillion+ in reserves.

venetiangirls Kinky King UID 23344 Digest Posts 0 Credits 1141 Posts 1304 Karma 1141 Acceptance 6 Reading Access 50 Registered 11-4-2009 Status Offline

#17 Post at 7-2-2010 05:54  Profile P.M.  Font size: S M L Reply #16 eddielee's post let's just hope that is the case

pandaboy Lustful Lord UID 4884 Digest Posts 0 Credits 681 Posts 408 Karma 672 Acceptance 189 Reading Access 40 Registered 21-11-2007 Status Offline

#18 Post at 8-2-2010 03:43  Profile P.M.  Font size: S M L From taking to the little guy on the ground (factory owners in southern China), if there was wide spread appreciation, the maufacturing sector would (again) go into a tail spin.  Factories are barely staying a float. What is more interesting is whether in 2011 or 2012, if the property market collapses, what will happen to the chinese economy.  Most of Chinese GDP is investment in fixed assets (i.e. real estate), but real estate is a non-productive asset.  It is like buying gold.I have seen numbers theorizing that Chinese GDP is almost 75% fixed investments, and if that slows or goes to zero, you could even see the currency going the other way.  In other words, as the United States accelerates into growth and Europe stifles because of Greece, Portugal, Spain and Ireland, the USD could appreciaterelative to all major currencies including the RMB. Long live king dollar!

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