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ALBERT EDWARDS WARNS: Prepare For Overwhelming 'Waves Of Deflation' To Suck Us Into Recession
BI ^
| 8-12-2015
| Ben Moshinsky
Posted on 08/12/2015 6:44:05 AM PDT by blam
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We're all gonna die. (again)
1
posted on
08/12/2015 6:44:05 AM PDT
by
blam
To: blam
"Edwards says the Chinese currency devaluation is the beginning of a period of serious foreign-exchange weaknesses in Asia."
Absolutely.
2
posted on
08/12/2015 6:45:25 AM PDT
by
Former Proud Canadian
(Save Western Civilization. Embrace the new Crusades.)
To: blam
Maybe this will finally force national economies around the world to seriously look at simplified tax codes and simplified business regulations to get their economies going again. That’s why it’s way overdue we have major tax reform here in the USA.
3
posted on
08/12/2015 6:46:32 AM PDT
by
RayChuang88
(FairTax: America's economic cure)
To: blam
Prepare For Overwhelming 'Waves Of Deflation' To Suck Us Into Recession "Damn! More phones to destroy!"
4
posted on
08/12/2015 6:47:09 AM PDT
by
BerniesFriend
(Sarah Palin-"Lord knows she's attractive" says bitter Andrea Mitchell and the rest of the MSM)
To: blam
5
posted on
08/12/2015 6:47:46 AM PDT
by
Lazamataz
(Dear Jeb Bush..... Trump upped his game. Up yours!.... Love, Laz.)
To: blam
6
posted on
08/12/2015 6:47:46 AM PDT
by
blam
(Jeff Sessions For President)
To: blam
What is the ize of the Chinese devaluing?
7
posted on
08/12/2015 6:48:55 AM PDT
by
Paladin2
(Ive given up on aphostrophys and spell chek on my current device...)
To: blam
What is the size of the Chinese devaluing?
8
posted on
08/12/2015 6:49:14 AM PDT
by
Paladin2
(Ive given up on aphostrophys and spell chek on my current device...)
To: blam
9
posted on
08/12/2015 6:53:09 AM PDT
by
blam
(Jeff Sessions For President)
To: Paladin2
"What is the size of the Chinese devaluing?"Dr Copper Making Way Too Much Of China Devaluation
"The red metal is also sometimes referred to as Dr Copper for its ability to provide a prognosis of the health of the global economy. Down nearly 18% year to date, copper is making dire predictions."
"The People's Bank of China jolted markets overnight after lowering the renminbis daily reference rate against the US dollar by 1.8%, the largest such adjustment in its history.
10
posted on
08/12/2015 7:04:38 AM PDT
by
blam
(Jeff Sessions For President)
To: Paladin2
About 4% against the US dollar, so far. As I understand it, the Chinese have a “noisy” peg of the yuan against the US dollar, allowing trades within a +/- 2% band of the peg. But the US$ has soared in the past year (e.g., a 20% rise against the Euro and many other currencies), and China's policy has dragged the yuan upward along with the US$. This has hurt Chinese exports to other countries, and the devaluation is designed to realign its currency with other non-$ currencies.
To: blam
As opposed to what we are in now?
12
posted on
08/12/2015 7:07:55 AM PDT
by
dfwgator
To: blam
I think perhaps this decline is at root similar to that in the China stock market.
the exuberance in copper and stocks coupled with the chinese propensity to gamble ran the prices up beyond the point of sustainability. One wonders what will become of the China warehouses full of those big copper billets (a Taipan reference)
13
posted on
08/12/2015 7:14:04 AM PDT
by
bert
((K.E.; N.P.; GOPc.;+12, 73, .. Iran deal & holocaust: Obama's batting clean up for Adolph Hitler)
To: blam
Once again, I suggest that slowly, over a period of time, to withdraw a significant amount of cash to be kept in several different secure places under your control, but difficult to find during a police search.
Deflation is a huge opportunity to those that have cash, but the first banking and government response is to stop people from spending their money on valuables that are now inexpensive. Instead they want to create a cash shortage until they can flood the market with cash, resulting in serious inflation.
To make matters worse, if done incompetently, this can result in both deflation and inflation at the same time, since they affect different market segments. And having cash works here as well, as you can quickly spend your money before it loses value on those things whose prices are inflating, while spending the rest on those things that are deflating.
14
posted on
08/12/2015 7:29:00 AM PDT
by
yefragetuwrabrumuy
("Don't compare me to the almighty, compare me to the alternative." -Obama, 09-24-11)
To: blam
Nothing that can’t be fixed by cranking the Fed printing presses up to 11.
To: bert
They’ve probably been pledged to a bank as loan collateral ... several times. Sooner or later that will unravel.
16
posted on
08/12/2015 7:49:41 AM PDT
by
meatloaf
To: meatloaf
——theyve probably been pledged to a bank as loan collateral-—
ahh ha.... fantastic thought!
That’s what should have been done. Pledge the copper as collateral and then borrow 200% with which to buy margined stocks....... double your pleasure, double your losses
Now that’s the ticket!!
(bankers like to go for rides and it is up to the customer to take them)
17
posted on
08/12/2015 8:35:51 AM PDT
by
bert
((K.E.; N.P.; GOPc.;+12, 73, .. Iran deal & holocaust: Obama's batting clean up for Adolph Hitler)
To: BenLurkin
18
posted on
08/12/2015 9:26:27 AM PDT
by
blam
(Jeff Sessions For President)
To: bert
Copper roofs look nice and wear very well as they turn a pleasant shade of green.
19
posted on
08/12/2015 9:29:25 AM PDT
by
BenLurkin
(The above is not a statement of fact. It is either satire or opinion. Or both.)
To: blam
Meanwhile copper is higher than a kite.
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