Comments on: Currencies pegged to the dollar under pressure to drop peg http://www.creditwritedowns.com/2009/10/currencies-pegged-to-the-dollar-under-pressure-to-drop-peg.html a finance news and opinion site Fri, 12 Mar 2010 00:07:08 +0000 hourly 1 By: Hyperinflation, national bankruptcy, dollar crash and other exaggerations - Credit Writedownshttp://www.creditwritedowns.com/2009/10/currencies-pegged-to-the-dollar-under-pressure-to-drop-peg.html#comment-6838 Hyperinflation, national bankruptcy, dollar crash and other exaggerations - Credit Writedowns Wed, 14 Oct 2009 23:17:13 +0000 http://www.creditwritedowns.com/2009/10/currencies-pegged-to-the-dollar-under-pressure-to-drop-peg.html#comment-6838 [...] helping the U.S. because the dollar is overvalued vis-a-vis a host of pegged currencies. And while those currencies are under pressure to drop the peg, they are resisting because they do not want to move toward a more re-balanced global growth [...] [...] helping the U.S. because the dollar is overvalued vis-a-vis a host of pegged currencies. And while those currencies are under pressure to drop the peg, they are resisting because they do not want to move toward a more re-balanced global growth [...]

]]> By: Hyperinflation, national bankruptcy, dollar crash and other exaggerations « naked capitalismhttp://www.creditwritedowns.com/2009/10/currencies-pegged-to-the-dollar-under-pressure-to-drop-peg.html#comment-6823 Hyperinflation, national bankruptcy, dollar crash and other exaggerations « naked capitalism Wed, 14 Oct 2009 20:28:59 +0000 http://www.creditwritedowns.com/2009/10/currencies-pegged-to-the-dollar-under-pressure-to-drop-peg.html#comment-6823 [...] helping the U.S. because the dollar is overvalued vis-a-vis a host of pegged currencies. And while those currencies are under pressure to drop the peg, they are resisting because they do not want to move toward a more re-balanced global growth [...] [...] helping the U.S. because the dollar is overvalued vis-a-vis a host of pegged currencies. And while those currencies are under pressure to drop the peg, they are resisting because they do not want to move toward a more re-balanced global growth [...]

]]> By: Davidhttp://www.creditwritedowns.com/2009/10/currencies-pegged-to-the-dollar-under-pressure-to-drop-peg.html#comment-8126 David Wed, 14 Oct 2009 09:16:47 +0000 http://www.creditwritedowns.com/2009/10/currencies-pegged-to-the-dollar-under-pressure-to-drop-peg.html#comment-8126 I'm curious what you think the probability of Hong Kong letting their currency float would be and within what timeframe? I'm curious what you think the probability of Hong Kong letting their currency float would be and within what timeframe?

]]> By: Edward Harrisonhttp://www.creditwritedowns.com/2009/10/currencies-pegged-to-the-dollar-under-pressure-to-drop-peg.html#comment-8125 Edward Harrison Wed, 14 Oct 2009 06:30:15 +0000 http://www.creditwritedowns.com/2009/10/currencies-pegged-to-the-dollar-under-pressure-to-drop-peg.html#comment-8125 Yes, the inflation is imported via commodity prices at a minimum. Moreover, to the degree that those countries do not turn around and buy up dollar assets with their dollars, this has led to inflation, particularly in the Mideast. Yes, the inflation is imported via commodity prices at a minimum. Moreover, to the degree that those countries do not turn around and buy up dollar assets with their dollars, this has led to inflation, particularly in the Mideast.

]]> By: Davidhttp://www.creditwritedowns.com/2009/10/currencies-pegged-to-the-dollar-under-pressure-to-drop-peg.html#comment-6807 David Wed, 14 Oct 2009 03:16:47 +0000 http://www.creditwritedowns.com/2009/10/currencies-pegged-to-the-dollar-under-pressure-to-drop-peg.html#comment-6807 I'm curious what you think the probability of Hong Kong letting their currency float would be and within what timeframe? I'm curious what you think the probability of Hong Kong letting their currency float would be and within what timeframe?

]]> By: Edward Harrisonhttp://www.creditwritedowns.com/2009/10/currencies-pegged-to-the-dollar-under-pressure-to-drop-peg.html#comment-6799 Edward Harrison Wed, 14 Oct 2009 00:30:15 +0000 http://www.creditwritedowns.com/2009/10/currencies-pegged-to-the-dollar-under-pressure-to-drop-peg.html#comment-6799 Yes, the inflation is imported via commodity prices at a minimum. Moreover, to the degree that those countries do not turn around and buy up dollar assets with their dollars, this has led to inflation, particularly in the Mideast. Yes, the inflation is imported via commodity prices at a minimum. Moreover, to the degree that those countries do not turn around and buy up dollar assets with their dollars, this has led to inflation, particularly in the Mideast.

]]> By: Aki_Izayoihttp://www.creditwritedowns.com/2009/10/currencies-pegged-to-the-dollar-under-pressure-to-drop-peg.html#comment-6794 Aki_Izayoi Tue, 13 Oct 2009 19:31:09 +0000 http://www.creditwritedowns.com/2009/10/currencies-pegged-to-the-dollar-under-pressure-to-drop-peg.html#comment-6794 I do not see any incentive for pegged countries to revalue? Are those countries facing <b>imported</b> inflation? Why would such countries want to remove their competitive advantage? Most people are focusing on the decline of the value of the dollar, but these countries are focused decline of the value of <b>labour</b> in the global labor market. In order for labor to be attractive, it must be cheap, and one way to do it is to have an undervalued currency. <br><br>BTW, here is an analysis about Saudi Arabia's peg written in 2007. <br><br><a href="http://www.saudi-us-relations.org/articles/2007/ioi/070904-bourland-dollar-1.html" rel="nofollow">http://www.saudi-us-relations.org/articles/2007...</a> I do not see any incentive for pegged countries to revalue? Are those countries facing imported inflation? Why would such countries want to remove their competitive advantage? Most people are focusing on the decline of the value of the dollar, but these countries are focused decline of the value of labour in the global labor market. In order for labor to be attractive, it must be cheap, and one way to do it is to have an undervalued currency.

BTW, here is an analysis about Saudi Arabia's peg written in 2007.

http://www.saudi-us-relations.org/articles/2007...

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