As the years go on, this “news event” becomes less and less newsworthy. What’s left is just politics.
I trust no one was surprised when the US Treasury Department issued its currency manipulation report and, once again, failed to name China as one of the global bad guys.
About that US Treasury report on whether China is a currency manipulator? Forget about it until after the election.
Will the Obama Administration capitalize on anti-China sentiment and label the PRC a currency manipulator weeks before the mid-term elections?
This regional spat automatically makes the U.S. relevant again in Asia.
It’s no accident that RMB-based trade complaints have thus far been quietly buried by the U.S. government.
The U.S. House plans to debate legislation authorizing trade sanctions against China for currency manipulation. It’s an election year, and useless posturing is to be expected.
The Obama administration announced that it has decided not to label China a currency manipulator in a semi-annual currency report released Thursday. Chalk up another win for Beijing.
The journalistic sport of the weekend was generating lots of column inches about the US-China diplomatic dance over the RMB and Iran sanctions. Wonderful story. You have the ominous problem of nuclear proliferation and upcoming multilateral meetings focused on Iran. Then there’s the value of the RMB, repeated rhetorical and legislative threats over the issue [...]
China’s fixed exchange rate against the US dollar continues to be blamed by a large majority of US lawmakers for helping to create global economic imbalances and stealing jobs from US industries, notably manufacturing. (FT) The rhetoric has never been this heated before, but that doesn’t necessarily mean that D.C. is actually going to do [...]
Never thought about it before in those terms, but it does make some sense. The Prisoner’s Dilemma is, of course, the classic scenario used in Game Theory, usually taught in economics or political economy classes, involving two people in police custody following the commission of a crime. The model is used in introductory level classes [...]
No econ knowledge necessary to understand this one. There is an election coming up in the US this Fall and, although the economy is growing, it is a jobless recovery. In other words, people are upset and Obama/Democrats are feeling the heat. Good summary of the issue here: [T]he real problem is the way the [...]