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India, Russia and Germany swiftly reject a U.S. proposal for numerical targets for "sustainable"...

India, Russia and Germany swiftly reject a U.S. proposal for numerical targets for "sustainable" trade surpluses and deficits as a way to help "rebalance" the global economy so it's less reliant on U.S. consumers. In a WSJ interview, Geithner had called for an agreement on "norms" on exchange rate policy.
Comments (4)
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
    Geithner=Lame Duck.


    The jig is up Timmy. Your obvious agenda to assist the Fed in killing the dollar, and utter ignorance understanding people's ability to read BS has made you a complete national and global joke.
    21 Oct 2010, 09:11 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
    and the USA is no longer the leader of the free world...nor the future cha ching for other countries....India and China are leading the way..along with the other growth countries...why waste your time with a dying only lose....
    21 Oct 2010, 09:18 AM Reply Like
  • Art Trader
    , contributor
    Comments (120) | Send Message
    Geithner - "Quit selling us stuff! We can't convince Americans to stop driving better cars than they can produce (from Germany), using oil we refuse to drill (unlike Russia), to buy (Indian) goods we can't legally afford to manufacture."


    Forget the Automakers Union and invest the rest in R&D = better cars.
    Drill our own oil -
    Drop the minimum wage and get competitive. Maybe the old union automakers would prefer making linens if they insist that $35/hour is not a living wage. Heck - you could make a Detroit house payment with 1 day's wages.
    21 Oct 2010, 09:25 AM Reply Like
  • kmi
    , contributor
    Comments (4088) | Send Message
    None of those countries can possibly see a benefit to rebalancing trade as they are hugely benefited by the status quo, any strategy to change things may require unilateral action.
    21 Oct 2010, 04:46 PM Reply Like
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