Devaluation of the Chinese Yuan

[MikeDunn]

Simple & 1-syllable - 

[DesertHound]

Can someone translate that into English, please, and preferably using 1-syllable words 

I well remember my Economics Lecturer from years ago succinctly describing the subject as "common sense made difficult" and that has stuck with me ever since!

Roy

Reminds me of the arguement as to whether economics is a science or not.

Interesting thought as to whether prices would ever go down. I wonder if they dropped in Japan with the years and years of deflation they've had.

That said, with all the money printing in the West, I also suspect the answer (for new models at least) is no.

Sorry if the above was dry - just an attempt to answer the question. Ask me about something else, such as wiring up a layout, and I most probably wouldn't have a clue! 

Dan

[dannyboy]

As the Chinese Yuan was devalued twice, does this mean that Dan needs some different coloured pens and more paper

[MalcolmInN]

As the Chinese Yuan was devalued twice, does this mean that Dan needs some different coloured pens and more paper

or maybe two more dimensions,
orthogonal to his first two.   

Dan, what happens if the increment/decrement is infinitesimally small compared to the final integral.

[dannyboy]

orthogonal to his first two.   

Dan, what happens if the increment/decrement is infinitesimally small compared to the final integral.

If he is orthogonal enough, he will just end up back at square 1 

[MalcolmInN]

If he is orthogonal enough, he will just end up back at square 1 

wouldnt that be square root(-1) if he was in his 4th dimension ? 

[dannyboy]

  I think we are just going round in circles here  Getting back to the OP, if there are any small savings to be made, I do not think they will get down the line as far as us buyers  - could be just my cynical side coming out.  David.

[railsquid]

Can someone translate that into English, please, and preferably using 1-syllable words 

I well remember my Economics Lecturer from years ago succinctly describing the subject as "common sense made difficult" and that has stuck with me ever since!

Roy

Reminds me of the arguement as to whether economics is a science or not.

Interesting thought as to whether prices would ever go down. I wonder if they dropped in Japan with the years and years of deflation they've had.

"Crawled sideways" would be a better description. I haven't measured it scientifically, but in general prices seem more-or-less the same as when I was first here as a student some 20-odd years ago. Many were even identical until last year, when consumption tax went up from 5% to 8%. Some prices do fluctuate of course, such as petrol and domestic produce. The availability of cheap Chinese imports has driven down the prices of a lot of consumer goods. Model railways remain astounding value for money, though MicroAce seems to be gambling on price elasticity among its consumers and has jacked up prices eyewateringly recently (almost to British levels).

[railsquid]

I think we are just going round in circles here  Getting back to the OP, if there are any small savings to be made, I do not think they will get down the line as far as us buyers  - could be just my cynical side coming out.  David.

Nah, I think that's the general conclusion. The only way we'd see any tangible reduction would be with a much greater devaluation, say 30~50%.

[DesertHound]

As the Chinese Yuan was devalued twice, does this mean that Dan needs some different coloured pens and more paper

or maybe two more dimensions,
orthogonal to his first two.   

Dan, what happens if the increment/decrement is infinitesimally small compared to the final integral.

Then I think we need to call Carol Vorderman 

Oooooh .... You lot are a mischievous bunch, what with coloured pen remarks and orthogonal goings on. I know you're just trying to get me back with words I don't understand 

Good topic though. I'll happily throw the text book out of the window though and say prices ain't going down.

Dan

[MalcolmInN]

call Carol Vorderman
,
a mischievous bunch,
,
and say prices ain't going down.

   
,
that's a good idea
,
incorrigible, is another word that comes to mind
,
your not wrong there !

DesDan&everyone, good thread, and good bit of fun, thanks.