Dangerous New Phase of Financial Crisis (1)
For no particularly good reason, Tim Geithner on Friday in his confirmation hearing set off after China, declaring it a currency manipulator in decidedly undiplomatic language.
China is a major trading partner and a principal creditor of the United States. At a time of financial stress maybe a little more delicacy is called for in this key relationship. Or if not, then batten down for capital flight and a dollar crisis.
FT reports China hits back in kind, says of Geithner: "This is a sign of his immaturity and his inability to do such an important job."
Not a good start. Not change I can believe in.
Just sayin'.
China is a major trading partner and a principal creditor of the United States. At a time of financial stress maybe a little more delicacy is called for in this key relationship. Or if not, then batten down for capital flight and a dollar crisis.
FT reports China hits back in kind, says of Geithner: "This is a sign of his immaturity and his inability to do such an important job."
Not a good start. Not change I can believe in.
Just sayin'.
Labels: China, Currencies, Financial Crisis, Politics
posted by D H Smith at
9:21 PM
1 Comments:
I expect currency manipulation was a very well thought out and calculated remark that was bounced off a lot of people before hand.
why he made the remark - i don't have the answer, but i'm not of the view of immaturity. any thoughts on why he made this mark was made?
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