CNHUSD at all time low today

And is probably going to keep going down. It’s the lowest level for the RMB since it began trading in the offshore market. Interest rate parity, I guess.

I’ve got a buttload of CNH, it’s good stuff, smart to hold long-term knowing USD will eventually be junk.

Since interest rates are so much higher in China, dividend paying stocks in the 4-8% range balance currency losses, plus more competitive priced goods drive stock price appreciation. Westerns keep calling for some extreme move, and keep being wrong. cheeky

USD.CNH was 6.78 at the time of Ohai’s call, now it has strengthened to 6.50. :sunglasses:

I’m still holding a ton…

Cool bro, so you made - 4%? Meanwhile, SPX TR is up like 20%, so…

lol

So you were wrong, as usual I was right.

And as you know, A-share large caps outperformed S&P500 since my 2015 call, so you were wrong twice. Ouchie!:grin:

Don’t you guys ever get tired of being wrong, over and over and over again for the last 10+ years? And then having to explain away the results? Pretend like you didn’t say that, and all the mental gymnastics to save face.

Much easier just to be a serious analyst , and be right. :bulb:

@Ohai - I hate you. You knew you were feeding the troll by posting this.

still holding ASHR

^ same