Yikes! Free fall over there scary!
The currency is actually holding up well versus just about everything but the dollar.Well no shit moron zombies, that's what happens when you start to practically give your product away to the US for a pittance of USDs.
Raise the price of The People's export steel by 500% in USD terms so we don't have to impose the 500% tariffs and then see what happens shit for brains...
China's 29 minutes of chaos: stunned brokers and a race to sell https://t.co/qb9cevLDQf via @business pic.twitter.com/Biw0f1bwIg
— Forward Guidance (@ecoeurope) January 7, 2016
4 comments:
Some trippier circuit breakers will solve this problem.
I know the solution. Cut prices to zero. That'll fix it. Actually what about negative prices! We have a competitiveness problem :)
R, I wouldnt put it past them... if they have nowhere to put the product and it piles up at the factories... their version of a JG...
if they have nowhere to put the product and it piles up at the factories... their version of a JG
Buffer stock.
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