

sinistri, siete dei luridi da vomito, fatevene una ragione


Globalizzazione..... si grazie.


l'approccio ad una politica internazionale dove gli USA dettano l'agenda a fini egemonistici mostra vistose crepe, chiunque può notare che la cosiddetta pax americana è in realtà un continuo sabotaggio di ogni realtà economica che per un motivo o l'altro sfugge al controllo yankee
e la guerra per interposta persona è strategia programmata e perseguita
in tal senso svincolarsi da un dollaro che assume il ruolo di veleno nei rapporti fra stati diventa assolutamente vitale
sinistri, siete dei luridi da vomito, fatevene una ragione


E poi c'e' il mondo reale:
James Kynge writing in the Financial Times in early June (June 6, "US warming to the redback from China trade") that "China's renminbi is rapidly displacing the dollar as a trading currency not only in Asia and Europe but now also in the US home market." Many observes seem to agree. Yet the data he cited and subsequent data does not support such a claim.
The yuan's share of settlement of US China/HK trade is 2.4%, Kynge acknowledges. The 327% surge the journalist called this is the misleading result of taking a percentage of a percent (it was 0.7% March).
Kynge also cited the rise of the yuan usage of trade settlement according the SWIFT. Yet there has been no displacement of the dollar. In March the dollar’s share stood at 40.17%, and data released today showed that in June the dollar’s share 41.89%. In January of 2012, it stood at 29.71%.
Let's be clear, the yuan's share of global settlement accounting to SWIFT for June 2014 was 1.55%. While this represents an increase from 0.63% a year ago and 0.25% at the start of 2012, to call this a "rapid displacement" as Kynge did is an exaggeration that distorts the facts beyond recognition. The decline in the share accounted for by the euro, Swiss franc and Australian dollar's share means that a better case can be made for the yuan displacing other currencies, but even that can only be fairly characterized as marginal at best. Between January 2012 and June 2014, the euro's share has slumped from 44.04% to 31.25%, for example.
Many observers neglect another dimension of the modest rise in the yuan’s usage: that the modest use of the yuan was not so much a symptom of the internationalization of the RMB, but a financial arbitrage play. As the Peterson Institute for International Economics has shown, when the off-shore yuan (CNH) trades a premium to the onshore yuan (CNY), Chinese importer are incentivized to pay for imports offshore. The magnitude of the CNH premium appears to drive the rise in the offshore yuan supply. They project that 100 bp premium translates into an 80 bln increase in CNH deposits.
Finally, we note that the authoritative BIS triennial survey found that yuan share of global fx turnover was 9th overall in 2013. The average daily turnover was $120 bln, up from $34 bln a day in the previous survey, but still a drop in the bucket of the $5.3 trillion a day market. Its share of the global turnover rose to 2.2% from 0.9% in 2010. In contrast, the US dollar's share increased by nearly the same as the yuan's overall share rising to 87.05 from 84.9%.
While we need to be open to the possibility that the dollar's role in the world economy is changing, such exaggerations that the yuan is rapidly displacing the dollar, does not do the situation justice. Even official cheerleaders from China do not make such hyperbolic claims.
Marc to Market: The Dollar and Yuan: No Contest...yet
Globalizzazione..... si grazie.


--gli americani del forum al solo pensiero di avere un concorrente sulla scena mondiale perdono ogni capacità razionale e non riescono nemmeno a pensare che esiste un determinismo geografico che impedisce ad ogni potenza ,che nutra ambizioni totalitarie su mondo,di essere a lungo maître de la Planète.
GLF


Ecco, parliamo razionalmente.. sopra ci sono i FATTI (numeri), che un esperto in economia come lei (sto ancora aspettando le lezioni) dovrebbe riconoscere, analizzare e capire, eppure latita questo ragionamento razionale e si cade nella piu' vuota retorica, come mai?![]()
Globalizzazione..... si grazie.