At present, perhaps the biggest element of tension between the US and China arises from Beijing’s sluggishness in allowing the yuan to strengthen appreciably. The debate is at times heated in both the East and the West, and now, a China-based think tank has gone public with its analysis of a potential trade war which, unsurprisingly, suggests “the US is in decline and that China’s rise as an exporter of goods and capital give it the upper hand.”
[Read more...]China-Based Think Tank: China Would Crush the US in a Trade War
September 16, 2010 by Leave a Comment
P.R.I.N.T. Money, That’s how Ben’s Gonna fix the Economy
The FreeCreditReport.com commercials are always hilarious. The nation’s fiscal mess… not so much. But, sometimes a little laughter helps to ease the pain.
Appropriately, this parody of the “New Car” ad stars several of America’s biggest credit-wreckers-in-chief: Fed head Ben Bernanke alongside Treasury Secretaries Hank Paulson and Tim Geithner. Times may change, but their money-printing solutions stay the same… at least inconsistency is one of few skills this team ain’t lacking.
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