Chinese yuan

[moneymaker]

[quote=ucodegen]

Ok, so if China is investing in US stocks and treasuries why would the secretary of state be upset with them?

Ooh I love to dance a little sidestep, now they see me now they don’t-
I’ve come and gone and, ooh I love to sweep around the wide step,
cut a little swathe and lead the people on. Best Little Whorehouse in Texas< http://www.census.gov/foreign-trade/top/dst/2009/09/deficit.html

If you are referring to this:
http://www.census.gov/foreign-trade/top/dst/2009/09/balance.html
read the fine print at the top.. "The values given are for Imports and Exports added together."[/quote]

Thanks for the real numbers, seems charts can be very deceptive. I didn't really think I was buying more Canadian stuff than Chinese stuff, but sometimes I can get a little local and forget about all those other states on the Canadian border.

[ucodegen]

Thanks for the real numbers, seems charts can be very deceptive. I didn’t really think I was buying more Canadian stuff than Chinese stuff, but sometimes I can get a little local and forget about all those other states on the Canadian border.

The numbers for Canada includes both the US’s exports to Canada and Canada’s exports to the US. It could be considered ‘total’ cross border trade. The net trade (‘balance of trade’) is much closer to zero. With China, the numbers you see are primarily their export to the US, there is a net outward ‘balance of trade’ or deficit.

This is the detailed data:
http://www.census.gov/foreign-trade/Press-Release/current_press_release/exh14.pdf
You can see imports/exports relative to the US broken down by country and net balance of trade.

By the way, for those of you worrying about the US sending all of its money out to the OPEC country’s for oil, take a look at the net balance of trade of China compared to all of OPEC (4th column across.. follow down the left on the country column and there is a whole section for OPEC)

[ucodegen]

Thanks for the real numbers, seems charts can be very deceptive. I didn’t really think I was buying more Canadian stuff than Chinese stuff, but sometimes I can get a little local and forget about all those other states on the Canadian border.

The numbers for Canada includes both the US’s exports to Canada and Canada’s exports to the US. It could be considered ‘total’ cross border trade. The net trade (‘balance of trade’) is much closer to zero. With China, the numbers you see are primarily their export to the US, there is a net outward ‘balance of trade’ or deficit.

This is the detailed data:
http://www.census.gov/foreign-trade/Press-Release/current_press_release/exh14.pdf
You can see imports/exports relative to the US broken down by country and net balance of trade.

By the way, for those of you worrying about the US sending all of its money out to the OPEC country’s for oil, take a look at the net balance of trade of China compared to all of OPEC (4th column across.. follow down the left on the country column and there is a whole section for OPEC)

[ucodegen]

Thanks for the real numbers, seems charts can be very deceptive. I didn’t really think I was buying more Canadian stuff than Chinese stuff, but sometimes I can get a little local and forget about all those other states on the Canadian border.

The numbers for Canada includes both the US’s exports to Canada and Canada’s exports to the US. It could be considered ‘total’ cross border trade. The net trade (‘balance of trade’) is much closer to zero. With China, the numbers you see are primarily their export to the US, there is a net outward ‘balance of trade’ or deficit.

This is the detailed data:
http://www.census.gov/foreign-trade/Press-Release/current_press_release/exh14.pdf
You can see imports/exports relative to the US broken down by country and net balance of trade.

By the way, for those of you worrying about the US sending all of its money out to the OPEC country’s for oil, take a look at the net balance of trade of China compared to all of OPEC (4th column across.. follow down the left on the country column and there is a whole section for OPEC)

[ucodegen]

Thanks for the real numbers, seems charts can be very deceptive. I didn’t really think I was buying more Canadian stuff than Chinese stuff, but sometimes I can get a little local and forget about all those other states on the Canadian border.

The numbers for Canada includes both the US’s exports to Canada and Canada’s exports to the US. It could be considered ‘total’ cross border trade. The net trade (‘balance of trade’) is much closer to zero. With China, the numbers you see are primarily their export to the US, there is a net outward ‘balance of trade’ or deficit.

This is the detailed data:
http://www.census.gov/foreign-trade/Press-Release/current_press_release/exh14.pdf
You can see imports/exports relative to the US broken down by country and net balance of trade.

By the way, for those of you worrying about the US sending all of its money out to the OPEC country’s for oil, take a look at the net balance of trade of China compared to all of OPEC (4th column across.. follow down the left on the country column and there is a whole section for OPEC)

[ucodegen]

Thanks for the real numbers, seems charts can be very deceptive. I didn’t really think I was buying more Canadian stuff than Chinese stuff, but sometimes I can get a little local and forget about all those other states on the Canadian border.

The numbers for Canada includes both the US’s exports to Canada and Canada’s exports to the US. It could be considered ‘total’ cross border trade. The net trade (‘balance of trade’) is much closer to zero. With China, the numbers you see are primarily their export to the US, there is a net outward ‘balance of trade’ or deficit.

This is the detailed data:
http://www.census.gov/foreign-trade/Press-Release/current_press_release/exh14.pdf
You can see imports/exports relative to the US broken down by country and net balance of trade.

By the way, for those of you worrying about the US sending all of its money out to the OPEC country’s for oil, take a look at the net balance of trade of China compared to all of OPEC (4th column across.. follow down the left on the country column and there is a whole section for OPEC)

[Bubblesitter]

I travel to China pretty regularly. A few years back and at end of trip had about 1000 yuan (perhaps $140) left over that couldn’t spend. I brought it home

In couple years sitting in my sock drawer,it has appreciated 20% vs Dollar. China shifted from pure dollar peg to pegging the Yuan to a basket of currencies.

IMHO the Dollar will continue to depreciate. I might as well continue to hold on to the RMB cash. It will be interesting if the Chinese allow true floating currency. I doubt it. RMB is way undervalued, and Chinese govt knows that it will seriously crimp their export business.

My bet is still on gold (via ETFs and a mix of gold mining companies). Hedging against inflation also with other commodities.

By the way, have any of you seen the traffic jams in Beijing or Shanghai recently? Unheard of just a few years ago. China will also surpass US in car sales this year. There is a true car culture emerging in China. Oil and Oil services is one of my key investments that banks on this trend. BTW, the dollar is highly negatively correlated to oil prices.

Bubblesitter

[Bubblesitter]

I travel to China pretty regularly. A few years back and at end of trip had about 1000 yuan (perhaps $140) left over that couldn’t spend. I brought it home

In couple years sitting in my sock drawer,it has appreciated 20% vs Dollar. China shifted from pure dollar peg to pegging the Yuan to a basket of currencies.

IMHO the Dollar will continue to depreciate. I might as well continue to hold on to the RMB cash. It will be interesting if the Chinese allow true floating currency. I doubt it. RMB is way undervalued, and Chinese govt knows that it will seriously crimp their export business.

My bet is still on gold (via ETFs and a mix of gold mining companies). Hedging against inflation also with other commodities.

By the way, have any of you seen the traffic jams in Beijing or Shanghai recently? Unheard of just a few years ago. China will also surpass US in car sales this year. There is a true car culture emerging in China. Oil and Oil services is one of my key investments that banks on this trend. BTW, the dollar is highly negatively correlated to oil prices.

Bubblesitter

[Bubblesitter]

I travel to China pretty regularly. A few years back and at end of trip had about 1000 yuan (perhaps $140) left over that couldn’t spend. I brought it home

In couple years sitting in my sock drawer,it has appreciated 20% vs Dollar. China shifted from pure dollar peg to pegging the Yuan to a basket of currencies.

IMHO the Dollar will continue to depreciate. I might as well continue to hold on to the RMB cash. It will be interesting if the Chinese allow true floating currency. I doubt it. RMB is way undervalued, and Chinese govt knows that it will seriously crimp their export business.

My bet is still on gold (via ETFs and a mix of gold mining companies). Hedging against inflation also with other commodities.

By the way, have any of you seen the traffic jams in Beijing or Shanghai recently? Unheard of just a few years ago. China will also surpass US in car sales this year. There is a true car culture emerging in China. Oil and Oil services is one of my key investments that banks on this trend. BTW, the dollar is highly negatively correlated to oil prices.

Bubblesitter

[Bubblesitter]

I travel to China pretty regularly. A few years back and at end of trip had about 1000 yuan (perhaps $140) left over that couldn’t spend. I brought it home

In couple years sitting in my sock drawer,it has appreciated 20% vs Dollar. China shifted from pure dollar peg to pegging the Yuan to a basket of currencies.

IMHO the Dollar will continue to depreciate. I might as well continue to hold on to the RMB cash. It will be interesting if the Chinese allow true floating currency. I doubt it. RMB is way undervalued, and Chinese govt knows that it will seriously crimp their export business.

My bet is still on gold (via ETFs and a mix of gold mining companies). Hedging against inflation also with other commodities.

By the way, have any of you seen the traffic jams in Beijing or Shanghai recently? Unheard of just a few years ago. China will also surpass US in car sales this year. There is a true car culture emerging in China. Oil and Oil services is one of my key investments that banks on this trend. BTW, the dollar is highly negatively correlated to oil prices.

Bubblesitter

[Bubblesitter]

I travel to China pretty regularly. A few years back and at end of trip had about 1000 yuan (perhaps $140) left over that couldn’t spend. I brought it home

In couple years sitting in my sock drawer,it has appreciated 20% vs Dollar. China shifted from pure dollar peg to pegging the Yuan to a basket of currencies.

IMHO the Dollar will continue to depreciate. I might as well continue to hold on to the RMB cash. It will be interesting if the Chinese allow true floating currency. I doubt it. RMB is way undervalued, and Chinese govt knows that it will seriously crimp their export business.

My bet is still on gold (via ETFs and a mix of gold mining companies). Hedging against inflation also with other commodities.

By the way, have any of you seen the traffic jams in Beijing or Shanghai recently? Unheard of just a few years ago. China will also surpass US in car sales this year. There is a true car culture emerging in China. Oil and Oil services is one of my key investments that banks on this trend. BTW, the dollar is highly negatively correlated to oil prices.

Bubblesitter

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