we ain't talking about the economy going to hell right now?

Red Shield

Global Domination
Joined
Dec 17, 2013
Messages
21,516
Reputation
2,535
Daps
47,804
Reppin
.0001%
How does a country devalue it's currency? Basically ballooning the circulation of the currency?

Either inflate the money supply by printing a shytload of money...

or just devaluing their currency by whatever percentage they want relative to other currencies. If they just devalue, I don't think they print up more money to do that.
 

Dr. Acula

Posts on Dapcity.com
Supporter
Joined
Jul 26, 2012
Messages
26,960
Reputation
9,402
Daps
144,275
According to "experts" this is just a market correction that was in the making for a long time. It will rebound and you shouldn't be mass selling and actually buying cheap instead at this time.

China's market in the other hand are the ones who really need to be concerned. Especially given the lack of transparency in their whole government and lack of decentralization of the national back. Most Chinese and people who invest in China do not have faith in their leaders to make good economic decisions and their market is suffering because of it
 

Mr. Somebody

Friend Of A Friend
Joined
May 10, 2012
Messages
28,262
Reputation
2,012
Daps
43,625
Reppin
Los Angeles
Lost 5000 dollars because of this :snoop:

Still blessed though.

401k took practically a years worth of personal contRibutions to the doodoo parlor.
 

WaveCapsByOscorp™

2021 Grammy Award Winner
Joined
May 2, 2012
Messages
18,984
Reputation
-355
Daps
45,211
because most people (well, me) don't exactly understand what's going on. i mean, i've seen alerts on my usatoday app about the chinese markets and how they haven't been doing well and today how the dow rallied 200 pts, but what the fukk does all that mean? all i hear on my npr reports in the morning is "sad sad sad, sad sad":francis:
 
Top