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Originally posted by Spanky
It may have been blather, but that blather convinced me my understanding the Chinese currency situation was lacking.
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Your understanding of most (if not all) of the topics you discuss is lacking. This is a slam, though it is also equally true of me and everyone else on the board for nearly every topic. I mean, fuck, your evidence on medmal insurance rates is what some guy told you at a local Republican Party meeting of some kind.
ETA, after reading Sidd's post, you were so bowled over by her facility with language and ability to remember and regurgitate bits of things that you didn't even notice the glaring issue with this statement:
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The dollar is, compared to most currencies, way down, and so the yuan is, too. That probably does mean that the yuan is undervalued vis a vis the dollar (and other currencies) when compared to what it would be if it floated,
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I don't know crap about whether the yuan is overvalued or undervalued, but I know that the fact that the yuan is pegged to the dollar (and has been for a very long time), and the fact that the *dollar* is down, combined, can't tell you anything about whether, in reality, the yuan is undervalued w/r/t non-dollar currencies as to what its value would be if floated.
