Robert Romano: China’s Strong Yuan Experiment Is Over
|| By ROBERT ROMANO || China’s 10-year experiment with a strong yuan is over. After years of worldYou must Subscribe or log in to read the rest of this content.
|| By ROBERT ROMANO || China’s 10-year experiment with a strong yuan is over. After years of worldYou must Subscribe or log in to read the rest of this content.
17 comments
Will Trump have to find someone else to make his crappy clothes? Oh my!!!
He’s gonna give them out for free. Grey and blue strips, little yellow stars on the chest, one size fits all.
Speaking of which, I wonder if he’ll contract Hugo Boss to make his uniform line like another famous, charismatic angry guy did.
You be funny Rocky.Thanks for selling your EBT card to me for .50 on the dollar.
I do not have an EBT card thank you, that would be you sir. I have a job, you do not.
The American Economy is fundamentally strong. Bad times in China will be good for us in the long run, if we can muster the will to stop buying Chinese crap and stop exporting American jobs to China. As they drop the Yuan, we should raise tariffs to offset the drop. .
You can TRY to stop buying Chinese made products till the cows come home but as long as the retailers offer it it won’t won’t make a hill of beans.
Look at Walmart…they used to tout American made products..those days are log gone (I’m not a Walmart patron BTW)
I don’t like it anymore than anyone else but just try to find an American made TV,stereo or any other American made electronic device let alone clothes,shoes,etc. Except for extremely expensive Hi-Fi systems there ain’t no such thing made in America any more
Someones mess’n with Texas.
Dallas Fed Manufacturing Index falls to Great Recession level.
http://www.marketwatch.com/story/dallas-fed-manufacturing-survey-slides-to-r
ecession-era-levels-2016-01-25
Well fortunately Ted Cruz is Canadian. His favorite bands are Rush and Triump and April Wine, he dreams of playing Julian in a remake of Trailer Park Boys (he wants Flip to be Bubbles), eats french fries with beef gravy and cheese curds, secretly speaks French and dreams of Montreal hotties.
Much of Texas’s manufacturing came/comes from the oil industry, hence the slump with the precipitous drop in the price of oil.
Only question I have is:
Why ain’t the price of kerosene and moror oil (10W-30,5W-20, etc.) come down????
that’s a whole different ball of (paraffin) wax, but much of the cost in motor oil is secondary processing, to some degree there’s some further processing of kerosene too…but it’s not my expertise so I’ll defer to someone here more knowledgeable in that area….there’s the whole issue of Keynesian “stickiness” price levels(usually referred to in wages), which may have some merit but rest assured that if a barrel of oil substantially reduces the cost of other products as an input cost, that the costs of those items will eventually come down.
There’s a whole lot of other input costs to motor oil though…
From what I understand, gasoline is at the top of effort to distill with kerosene below and oils even further down on the distillation/processing chain (in other words it’s more expensive to distill gasoline than kerosene, diesel, etc. from the same proverbial barrel of crude oil).
What used to cost 99 cents for a quart of 10W30 generic brand (Advance Auto, O’Reilley’s, etc) is now around 3-4 bucks (IF you can catch it on sale that is…) kerosene has been way overpriced for a number for years as has diesel.
I hope/expect it will come down as well but like so many things, complacency rears its ugly head and people get used to paying a higher price and don’t make a stink when it ought to come down.
Just like ammunition…all the dumbasses horded ammo and now that “it don’t look like “Obammer” ain’t gonna come and get your gun ammo is readily available but hasn’t come down all that much. Those paranoid dumbasses caused the panic buying and the rest have to suffer for it. I never went in for it and refused to buy at those obscene prices. I just did without.
The ammunition manufacturers knew a good thing when they saw it (whatever the market will bear). Can’t really blame them but it pisses me off anyway – same thing with motor oil & kerosene
“kerosene has been way overpriced for a number for years as has diesel.”
They are just about the same thing. I’ve wondered why they have stayed so expensive relative to gas, but haven’t a clue. Jet fuel is about the same too. I wonder if it has stayed high.
Here’s an interesting write up on diesel vs. gasoline, taking about now the low sulpher,higher excise taxes, & perhaps higher global demand:
https://blog.gasbuddy.com/posts/Why-diesel-costs-more/1715-485481-832.aspx
Hyung liong dong.
Whisper that in my ear darling!