gdog

Geithner Is Wrong about China's 'Currency Manipulation'

China slows rate of currency adjustment, huge trade imbalances ensue.

China re-invests money in us treasuries, rates are held low, everything must balance, simultaneously financing chinese manufacturing sectors.

Us awash in cheap financing, and poor regulatory control, (thank you very much) goes on spending spree, mostly on houses, but also on chinese goods furthering the cycle of imbalance. Crash and burn.

How is that not negative manipulation?