waf76

China Nixes Obama's Balanced Trade Rhetoric

They are in a position of power and while helping us may help them, they're doing pretty good without it and long term they can really strike a blow to us by not being too accommodating...if I'm China, I keep the yuan pegged lower to the dollar while my massive surplus continues to increase while the economy in the US gets fundamentally worse with the weaker dollar (which hurts my war chest but so what, minimal impact in the long run), huge financing costs, credit card defaults waiting in the wings, no housing recovery, and no job creation on the horizon...

China's First Step Towards Bilateral Currency Swaps

the birth pangs of a new world, lol..