Comments on: China Isn’t the Only Currency Manipulator

By: MELISSA

MELISSA — Tue, 09 Jun 2009 20:33:19 +0000

I FEEL LIKE A RAG DOLL BEING SHOOK BY A FRISKY PUPPY DOG NAMED “JOB CHOMPER” ;THEN SOME MEAN CHILD (CALLED “THE FED”) GRABS ME IN A TOO-LOOSE GRIP WHILE DRAGGING ME UP FOR THE RIDE OF MY LIFE, IN A HUGE FERRIS WHEEL OF RECESSION/INFLATION/DEPRESSION/DEFLATION. MY MONEY STUFFING IS SHAKING. WITH ANY LUCK THE ECONOMIC BLOWS WILL MAKE A ZOMBIE PANCAKE OUT OF ME SOONER RATHER THAN LATER. IS THERE ANY WAY THE SMALL FRY CAN COMPETE WITH OR AT LEAST SURVIVE THE GAME IMPOSED BY THE BIG MONEY GIANTS? THEIR AIM IS TO LOOSEN ONE’S GRIP ON ANYTHING TANGIBLE VIA A WILD ECONOMIC ROLLER COASTER RIDE THAT GOES UP AND DOWN, DELIBERATELY, UNPREDICTABLY. SO I GUESS THE BEST WAY TO DEAL WITH THIS MESS IS TO EXPECT THE UNEXPECTED, OR FOLLOW THE SIMPLE WISDOM OF CARTOON CHARACTER “SPONGE BOB” BY JOYFULLY PARTICIPATING IN “OPPOSITE DAY.”
THAT MEANS “WHAT IS ISN’T, AND WHAT ISN’T MAY OR MAY NOT BE….”

By: e jewell

e jewell — Wed, 03 Jun 2009 18:39:27 +0000

What you fail to address Sir is China has not played fairly when it comes to trade.We the US are being steamrolled by unfair trade imbalances there must be a balance. I think the US deserves this because they have brought China into the game,but china wants to make there own rules.

By: Bucky Wallace

Bucky Wallace — Wed, 03 Jun 2009 17:43:16 +0000

“OK, I know, I’ll get a ton of emails telling me to shut my trap, and stick to currencies… ”

Those people should post here instead. That way we can all afford them the comments in response that they deserve.

By: Andy Mepham

Andy Mepham — Wed, 03 Jun 2009 17:11:43 +0000

One of the biggest differences to the US and the UK right now is disposable income.

Sure we are losing jobs at a similar US ratio, only I would say we report them less corruptly (the US correct the job loss figures every month, you might as well wait an extra month and see the real numbers… another comment entirely!).

In the UK near 0% interest rates on our mortgages, many of which are tracker based, is putting cash into people pockets. People who should be feeling the pinch from being over stretched debt wise are not feeling it quite the same. This is not showing any positive consumer spending, but its not showing the same levels of contraction as in the states. You guys need to cut back $5000 a year, most of our debt ridden society has not been hit as hard as it should.

Possibly a reason the UK consumer contraction is showing as more neutral. In the current climate that means ‘Positive!’ Hell, Bloomberg would call it a 200 year old oak tree.