Recently, the U.S. Treasury Department delayed publication of its semi-annual report on currency. The three-month rollback was intended to give China an opportunity to demonstrate progress on adjusting its undervalued currency, the Yuan. more »
This morning I watched a live webcast of a Senate hearing, titled, Senate Banking Subcommittee on Economic Policy to Examine Effect of China Currency Practices on American Manufacturing. more »
There are rumors that China will let its currency start to rise a tiny bit. China's currency undervalued by up to 40%, which means goods made there have as much as a 40% advantage coming out of the gate, even before their other rulebreaking trade schemes kick in. more »
While publicly saying that China is manipulating its currency -- a very big deal -- Treasury Secretary Geithner announced over the weekend the administration is getting around the problem of an April 15 deadline for declaring that China is a currency manipulator by ... pushing back the deadline. more »
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