China’s been big-dogging it today, embracing a rarely seen degree of diplomacy and collaboration.
The Financial Times ran a story about the success of Tim Geithner’s visit to China and a likely strengthening of the Yuan. The good news was qualified as being not good enough – the fiscal breakthrough won’t bolster the global economy, but China won’t be able to maintain its absurd domination of exports. Maybe. But it means Obama’s diplomacy and decision against implementing tariffs may have created a better playing field. Read the rest of this entry »