Well, you heard it hear first....
The news from last night: China changes direction
The next question is what this does to the calculations of the U.S. Federal Reserve and their intents regarding interest rate hikes in the U.S.
Do we want to appreciate our currency and thus enable increased imports of goods from China with the understanding that that means less domestic production.
Do we continue the currency war, or do we unilaterally disarm. I don't sense an attitude of unilateral disarmament in the U.S. these days.....
gh
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All comments are appreciated as it will give me a chance to adjust my content to any real people who may be out there. Thank you. gh