CockyTalk

Welcome to Cockytalk!

Thank you for visiting our forum. As a guest, you have limited access to view some discussion and articles. By joining our free community, you will be able to view all discussions and articles, post your own topics, communicate privately with other members (PM), respond to polls, upload photos, participate in Pick'Em contests and access many other special features. Registration is fast, simple and absolutely free, so please join our community today!!

If you have any problems registering or logging in, please contact our Admins. Thanks!

Go Back   CockyTalk > Community > The Water Cooler > Stock Market Forum

Today's Top 10
Posters (by posts)Threads (by views)Newest Posts Gamecock Headlines 
GamecockSuperFan
b381l
NAGamec0ckFan
usc90grad
Gamecocks1137
rioninusc
usc1
Metalrush24
xXSirSpurXx
sandstorm2001
A look a the new hel (2094)
I actually had a dre (686)
Debo top 200 not com (626)
Carolina/Vandy opene (467)
Muschamp about to be (434)
Amazon question (72)
I actually had a dream la
A look a the new helmet s
SEC Network Takeover
Official 2016 Atlanta Bra
2017 - A.J. Terrell
2017 - Jerry Jeudy
Discussion: 2017 Recruiti
Scary Insight into Spurri
Perry Orth Thoughts
Debo top 200 not coming


Reply
 
Thread Tools Display Modes
Old 08-15-2015, 08:57 AM   #1
GregoryHouse
Pompous Ass Hillbilly
 
GregoryHouse's Avatar
 
Male

Join Date: Oct 2008
Location: North Carolina
Posts: 22,497
CockyCash: 101567177
GregoryHouse is USC mascot materialGregoryHouse is USC mascot materialGregoryHouse is USC mascot materialGregoryHouse is USC mascot materialGregoryHouse is USC mascot materialGregoryHouse is USC mascot materialGregoryHouse is USC mascot materialGregoryHouse is USC mascot materialGregoryHouse is USC mascot materialGregoryHouse is USC mascot materialGregoryHouse is USC mascot material
Default 2015 Week 33 - Devaluation of the Chinese Currency

http://time.com/3994812/china-currency-devalution/
Quote:
In a surprise move, China announced this week devalued its currency, the yuan, relative to the dollar.

The move, done by adding supply of yuan to the global marketplace, is a step towards giving market forces more influence over Chinaís tightly-controlled currency. It will help Chinese businesses who do business in foreign countries like the United States by making their goods less expensive here. And a more free-floating yuan is also more likely to gain the elite status of global reserve currency, a goal Beijing badly wants to achieve.

http://fortune.com/2015/08/13/chinas...rican-economy/

Quote:
How Chinaís currency devaluation could raise prices in the U.S.

Chinaís currency devaluation could affect the everyday lives of average Americans, from the cost of entertainment to the price of milk.

China devalued its currency for the third consecutive day Thursday, a drop of 1.1% from Wednesday and collectively the largest drop in decades. The devaluation has caused turmoil in markets all over the world this past week due to fears of a global trade imbalance and currency wars.

But while the naysayers may be overstating the case, itís worth noting that Chinaís currency devaluation doesnít just have a macroeconomic impact but could also affect the everyday lives of average Americans, from the cost of entertainment to the price of milk. While prices in the U.S. may fluctuate for a number of reasons, they could also be impacted by currency movements in China.

Hereís how this could happen.
When the Chinese yuan is devalued, it costs a Chinese consumer more in the local currency to buy an American product or service since each yuan now buys fewer dollars. But even though the price has gone up, local wages remain the same, making it more difficult for the Chinese consumer to make the purchase.
Take a company like Netflix NFLX -0.27% as one example, which is gearing up to enter the Chinese market. To compete with local streaming services, including a new venture by Chinese ecommerce giant Alibaba BABA -0.47% , the company will have to offer competitive pricing to attract subscribers, putting pressure on its margins in China. This impact is worsened by a weaker yuan, which would effectively make Netflix more expensive for local viewers and force the company to lower prices even further to gain traction.
Lower profitability from China might then require Netflix to raise its prices in the U.S. to boost its bottom line. But higher pricing could also lead to a loss in subscribers, which would result in analysts downgrading their projections for the streaming video provider. That would depress the stock price.

Now consider the owner of a company that provides machine parts for a milk processing plant, and who likes to watch Netflix. While the owner, who makes $200,000 a year, may not care about a $1 per month increase in his online entertainment costs, he would care about a decrease in the value of his mutual fund that holds Netflix stock, which could amount to thousands of dollars. To make up for this loss, he in turn would have to raise the prices of his machine parts, which would then make it necessary for the company providing milk to increase its prices.

And thatís how the currency devaluation in China can ripple through the global economic ecosystem to ultimately impact not just how much you pay to watch House of Cards, but the price of a gallon of milk on your local supermarket shelf.









__________________
Quote:
Muschamp said he doesn't have a 3 year or 5 year plan, his plan is to win now and decisions will be based on winning now.

Muschamp believes that recruiting within a five-hour radius of USC, "we can recruit good enough players to win the East every year."
GregoryHouse is offline   Reply With Quote
Old 09-15-2015, 10:56 PM   #2
b381l
Jersey Retired
 
b381l's Avatar
 
Male

Join Date: Sep 2010
Location: Virginia
Posts: 34,239
CockyCash: 1000375616
b381l is USC mascot materialb381l is USC mascot materialb381l is USC mascot materialb381l is USC mascot materialb381l is USC mascot materialb381l is USC mascot materialb381l is USC mascot materialb381l is USC mascot materialb381l is USC mascot materialb381l is USC mascot materialb381l is USC mascot material
Default Re: 2015 Week 33 - Devaluation of the Chinese Currency

China has a currency.....who knew. They got all our dollars, why do they need a currency.
b381l is offline   Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 03:56 AM.


Powered by vBulletin® Version 3.8.1
Copyright ©2000 - 2016, Jelsoft Enterprises Ltd.
Provided by SLB Development