Dirtbag existence vs. educated and employed

Mark E Dixon wrote: Also, I thought China had been intervening to keep the yuan high and the market caused the 2% devaluation once China tolerated it.

China has been intervening to keep the Chinese stock market from crashing. China has always bought a lot of US securities, which tend to lower the exchange rate against the US.

These threads are dumb. Lots of dirtbags are educated.... Lots of employed people get out to climb.... The dichotomy is false. Stop wasting time on Mountain Project mentally masturbating! It's summer! Now is the time to send!!!!

reboot wrote: It's massive in the perceived intent, not the actual amount. Still, I don't know any sane economist would use deflation as a tool, deinflation (reduction of inflation, not having negative inflation rate) perhaps. The last time US had a real deflation was during the great depression. We've had some minor ones since, mostly tied to oil prices.

Fair enough that the actual amount is not huge... but the move was intended to be.
By deinflation, I think you meant disinflation. But maybe both terms are used.
As for why the economists you are thinking of would not use deflation as a tool it is because they are dealing with indebted economies. Inflation devalues debt, while DEFLATION increases the value of debt. The Payee would seek for Deflation of that economy - an increase in valuation of that currency in real terms or against their own.

Wait a minute... what just happened in China again???

About the best way I've seen it explained is:

China has decided that the economic harm produced by pegging to the dollar outweighs the benefits produced by a strong domestic currency.

http://www.zerohedge.com/news/2015-08-11/1997-asian-currency-crisis-redux

reboot wrote: It's massive in the perceived intent, not the actual amount. Still, I don't know any sane economist would use deflation as a tool, deinflation (reduction of inflation, not having negative inflation rate) perhaps. The last time US had a real deflation was during the great depression. We've had some minor ones since, mostly tied to oil prices.

Deflation doesn't typically occur in an economy with a floating currency and fiscal policy control. Economists don't view it as a tool because unless you're discussing a pegged currency economy there isn't deflation.

Live your dream. Its not how many breaths you take but how many moments take your breath away

Step 1: move to boulder colorado
step 2: join a micro-start up that makes goretex beanies for dogs
step 3: free solo everything under 5.5 and get ladies
step 4: go to vedauwoo and get spanked every weekend and dream about the day you can do a real diamond route

that's a nice middle ground

Ray Pinpillage wrote: Deflation doesn't typically occur in an economy with a floating currency and fiscal policy control. Economists don't view it as a tool because unless you're discussing a pegged currency economy there isn't deflation.

There are a lot of pegged currencies in the world, most of them to the US$. They move the pegs when it suits them. China included.
Most of them, however, do not hold lots of US treasury debt, China obviously excluded.

Tony B wrote: There are a lot of pegged currencies in the world, most of them to the US$. They move the pegs when it suits them. China included. Most of them, however, do not hold lots of US treasury debt, China obviously excluded.

Which is to say soft-pegged currencies aren't pegged at all.

Ray Pinpillage wrote: Which is to say soft-pegged currencies aren't pegged at all.

Heh. Well they are for a decade or two at a time, but repegged from time to time.

Luc Ried wrote:Does anyone care to wager in on their thoughts of whether getting an education and only climbing around your work schedule is better than dirtbagging and climbing wherever and working small jobs to keep climbing and travelling

And you guys are now discussing Chinese economics???

Luuucc...Follow your dream Luc. The force is strong with you.

Greg Petliski wrote: Theyre realllllly into pegging each other.

Huh... according to your definition, 2 guys cant peg each other.
Please explain?

Sam Keller wrote:These threads are dumb. Lots of dirtbags are educated.... Lots of employed people get out to climb.... The dichotomy is false. Stop wasting time on Mountain Project mentally masturbating! It's summer! Now is the time to send!!!!

+1

This thread has turned bizarre, like so many before it.
Discussions of Chinese economics, weird sex and whatever on a site that is supposed to be about climbing....

cragman2 wrote: +1 This thread has turned bizarre, like so many before it. Discussions of Chinese economics, weird sex and whatever on a site that is supposed to be about climbing....

Such is the life of the bored climber, who also happens to be a 9-5 desk monkey.

I heard of this dude who was into the peggin thang... heard he wears dresses now full time.

Dylan G wrote: Such is the life of the bored climber, who also happens to be a 9-5 desk monkey.

LOL! makes the dirtbag existance seem like the better option.......