topic Re: Currency devaluation in Community Chat

Currency devaluation

esmeraldagooch — Tue, 11 Aug 2015 21:58:35 GMT

China's move spooks the market. What are your thoughts?

http://www.zerohedge.com/news/2015-08-10/china-devalues-yuan-fix-most-record-plunges-28-month-lows-against-dollar#comment-6412888

Re: Currency devaluation

Adelina — Tue, 11 Aug 2015 21:28:24 GMT

@esmeraldagooch wrote:
China's move spooks the market. What are your thoughts?

_________________________________________________

Two questions and one comment:

1. Can you give us more information?

2. Is your statement "China's move spooks the market" from a headline or is that your opinion?

Comment: You go first.

Re: Currency devaluation

Quiltlady — Tue, 11 Aug 2015 21:32:23 GMT

My thoughts are the not good ones on even our economy. It's only a matter of time before it all tanks.

Re: Currency devaluation

YorkieonmyPillow — Tue, 11 Aug 2015 21:35:30 GMT

I know little to nothing about the stock market but I think our economy has been circling the drain for a while now.........

@esmeraldagooch, thanks for starting the thread.

Re: Currency devaluation

suzyQ3 — Tue, 11 Aug 2015 21:37:02 GMT

I'd love to see more information myself, including a primer on what occurred and what it means -- from an UNBIASED source, not one that it totally U.S-centric.

Very few of us have the knowledge of global economics to weigh in with reasonably astute comments on a topic that is undoubtedly very complex.

Re: Currency devaluation

suzyQ3 — Tue, 11 Aug 2015 21:39:11 GMT

@YorkieonmyPillow wrote:
I know little to nothing about the stock market but I think our economy has been circling the drain for a while now.........
@esmeraldagooch, thanks for starting the thread.

Really? Some stats to back that up? Because from what I read daily, the economy in many areas has picked up tremendously.

Re: Currency devaluation

YorkieonmyPillow — Tue, 11 Aug 2015 21:40:10 GMT

@suzyQ3, this is a shopping channel message board. I don't think anyone needs an economics degree to have an opinion.

Re: Currency devaluation

suzyQ3 — Tue, 11 Aug 2015 21:43:01 GMT

@YorkieonmyPillow wrote:
@suzyQ3, this is a shopping channel message board. I don't think anyone needs an economics degree to have an opinion.

No, you don't. But if you're going to weigh in with a statement, you could at least support it. You don't need a degree in anything to be able to do so.

Re: Currency devaluation

YorkieonmyPillow — Tue, 11 Aug 2015 21:44:45 GMT

@suzyQ3 wrote:
@YorkieonmyPillow wrote:
I know little to nothing about the stock market but I think our economy has been circling the drain for a while now.........
@esmeraldagooch, thanks for starting the thread.

Really? Some stats to back that up? Because from what I read daily, the economy in many areas has picked up tremendously.

LOL.

I'm not going to argue with you about the economy.

What I said was my opinion.

I do agree that things have picked up recently, it seems like. I'm speaking in general terms...

Re: Currency devaluation

YorkieonmyPillow — Tue, 11 Aug 2015 21:46:17 GMT

@suzyQ3 wrote:
@YorkieonmyPillow wrote:
@suzyQ3, this is a shopping channel message board. I don't think anyone needs an economics degree to have an opinion.

No, you don't. But if you're going to weigh in with a statement, you could at least support it. You don't need a degree in anything to be able to do so.

I don't needs stats for an opinion.

If you want stats, look them up yourself.

Re: Currency devaluation

ChynnaBlue — Tue, 11 Aug 2015 21:47:02 GMT

I just wanted to take a moment to say that I'm always glad to see posts by @Adelina and @suzyQ3. Thank you, ladies.

Re: Currency devaluation

betteb — Tue, 11 Aug 2015 21:47:54 GMT

@suzyQ3 wrote:
I'd love to see more information myself, including a primer on what occurred and what it means -- from an UNBIASED source, not one that it totally U.S-centric.

Very few of us have the knowledge of global economics to weigh in with reasonably astute comments on a topic that is undoubtedly very complex.

*******************************************************************************

Here Suzy, I found this. Not sure how unbiased it is, but it's a pretty clear explanation.

http://www.nytimes.com/2015/08/12/upshot/why-did-china-devalue-its-currency-two-big-reasons.html?abt=0002&abg=1

Re: Currency devaluation

Adelina — Tue, 11 Aug 2015 21:48:46 GMT

@YorkieonmyPillow wrote:
@suzyQ3, this is a shopping channel message board. I don't think anyone needs an economics degree to have an opinion.

________________________________________________

LOL. Clearly, people don't need any background at all on these forums to make uninformed statements in the guise of knowledge. It's been proved over and over.

Re: Currency devaluation

YorkieonmyPillow — Tue, 11 Aug 2015 21:49:07 GMT

@ChynnaBlue wrote:
I just wanted to take a moment to say that I'm always glad to see posts by @Adelina and @suzyQ3. Thank you, ladies.

That's not rude at all.

Re: Currency devaluation

suzyQ3 — Tue, 11 Aug 2015 21:50:37 GMT

General terms? When you talk about the economy, it's specific:

According to Kiplinger and Market Watch, the economy is darn good and poised for the same.

So when someone says that it's going down the drain, I have to wonder why.

Re: Currency devaluation

suzyQ3 — Tue, 11 Aug 2015 21:52:11 GMT

@ChynnaBlue wrote:
I just wanted to take a moment to say that I'm always glad to see posts by @Adelina and @suzyQ3. Thank you, ladies.

How nice to hear that, CB. And it's mutual.

Re: Currency devaluation

Adelina — Tue, 11 Aug 2015 21:52:22 GMT

OP is not coming back, is she? Darn, fell for it again! :-)

Re: Currency devaluation

YorkieonmyPillow — Tue, 11 Aug 2015 21:52:27 GMT

I'm going to have an opinion, whether you like it or not. Last I looked, we still have freedom of speech in the US.

I'm not going to try to prove anything, because you would just argue with that.

I'm not on here to argue or convince anyone of anything, I'm here to express my opinion.

Period...

Poor @esmeraldagooch, you tried to start a discussion and get all this static.

Re: Currency devaluation

suzyQ3 — Tue, 11 Aug 2015 21:52:51 GMT

Thanks so much, betteb. I'll definitely check it out.

Re: Currency devaluation

YorkieonmyPillow — Tue, 11 Aug 2015 21:54:42 GMT

What's going on on this thread?

I'm in the dark here.