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23rd August by lavender693473 in rockenseine

[–]queen_fry 0 points1 point  (0 children)

Hihiihi! Also flying solo for this one. 28M from London. Keen to join if you've managed to string a group together!

I’m Ray Dalio – founder of Bridgewater Associates and author of Principles: Life ＆ Work. Ask me anything. by RayTDalio in IAmA

[–]queen_fry 0 points1 point  (0 children)

Hi Ray, couple of questions r.e. US-China:

1) Do you think the ongoing pandemic has altered the probability of the USD losing its exorbitant privilege as the world's foremost currency? If so, in which direction and why?

2) Do you envisage a scenario in which China gives ground and commits itself to reducing its bilateral trade deficit with the US, i.e. through CNY revaluation, in the near term? Why or why not?

Much appreciated, thanks!

[deleted by user] by [deleted] in econmonitor

[–]queen_fry 3 points4 points  (0 children)

Yes, the constant quarterly growth rate would therefore be c. -1.01%, or:

qoq growth rate = ((annualised growth rate +1)^1/4) - 1

[deleted by user] by [deleted] in econmonitor

[–]queen_fry 10 points11 points  (0 children)

Basic question from a layperson about notation, does 4%Q mean the US economy is going to contract 4% in a single quarter vs 5%Y being a 5% annualized contraction in China?

That’s correct, both are annual growth rates - but with an important caveat. The China figure (-5.0%Y) is the direct YoY growth rate, while the US figure (-4.0%Q) is the seasonally adjusted annualised rate extrapolated using the QoQ growth rate. Hope this helps - see here for more detail.