JaymanThai

Geithner on Yuan: Misstep or Warning Shot?

I think it is high time new ground rules are laid. The present ground rules have been totally dictated by the parties involved unilaterally. The time has come for China and US to sit down at the table and organize this issue with some forethought and reasoning.
It seems both sides will benefit by working on synergy now. There are no longer the unilateral benefits that were previously existed and the path out of the problem is together not apart. They are our biggest creditor so we are their biggest debtor. Both positions have significant strength on their own. We go together wherever it ends up.