Click on the title to this installment, and you will see that Secretary Snow finally got it. China didn't do much with its currency revaluation. Again, why would they? What's in it for them? The US consumer is going hog wild spending on cheap goods made in China. So why would the Chinese government want to make their goods less attractive by increasing the cost?
They wouldn't. Surprise!
1 comment:
I think the Chinese will tell Snow to go home. What are we going to do? Embargo China? Put Wal-Mart out of business?
China has the market by the short and curlies.
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