Proper doom

[SallyAnne]

"There are" trolls like these Brillo.

I see what you did there

[suityou01]

I see what you did there

Very good. I do not know why I typed it like that. Perhaps it was because it is before coffee. Perhaps it is because this is just a forum and people often tend to type like this. I understand this pushes the mercury up for all you pedants, but I spend most of my days typing documents and worrying about language semantics that I like to slob out a little bit in here. I will try harder in future. If you could reciprocate and post something on topic for here?

TIA

[SallyAnne]

Very good. I do not know why I typed it like that. Perhaps it was because it is before coffee. Perhaps it is because this is just a forum and people often tend to type like this. I understand this pushes the mercury up for all you pedants, but I spend most of my days typing documents and worrying about language semantics that I like to slob out a little bit in here. I will try harder in future. If you could reciprocate and post something on topic for here?

TIA

I will try my best - just for you

[suityou01]

I will try my best - just for you

Just for me? You've taken a shine to me haven't you.

[scaramanga]

Interesting Scaramanga. The doom-mongers were saying that the Chinese were fairly certain it was going to happen, which is why they wanted to drop the dollar and move over to a new currency based on SDR (the little lauded Super-Sovereign reserve currency)

There is apparently a shockwave about to come back over here as the other players devalue their currencies (eg Japan) which has the potential to collapse the dollar.

I think the crisis has made the Chinese realise how silly they were to fund the US current account deficit in recent years to the extent they did. How annoyed would you be if you were that little guy working his arse off on a factory floor manufacturing tat for Yanks to give you dollars for that are now going down in value.

However that's in the past. What the Chinese must surely be thinking about now is how they can reduce that exposure in an orderly way. If the $ collapses then all that paper they are holding is worthless. So it is not in their interests for that to happen.

[SallyAnne]

Just for me? You've taken a shine to me haven't you.

I may have

Why is that funny? Do I already know you in another persona and think you're a gimp?

[sasguru]

I think the crisis has made the Chinese realise how silly they were to fund the US current account deficit in recent years to the extent they did. How annoyed would you be if you were that little guy working his arse off on a factory floor manufacturing tat for Yanks to give you dollars for that are now going down in value.

However that's in the past. What the Chinese must surely be thinking about now is how they can reduce that exposure in an orderly way. If the $ collapses then all that paper they are holding is worthless. So it is not in their interests for that to happen.

True. hence their insistence on a global currency.

[suityou01]

True. hence their insistence on a global currency.

OK so now I am agreeing with Sasguru. What does this mean for me?

I am not his sock puppet btw.