With elections near and joblessness still so high, Congress and even the Fed are chasing short-term solutions that won’t really help matters. More finely targeted policies would be effective, but don’t expect any until, with lu…
A bill, passed by the U.S. House of Representatives Wednesday, would let U.S. companies petition for duties on Chinese imports — a move that would hurt the global economy if it became law, the Chinese government said.
…
A widespread push for fiscal discipline is “the right policy at the wrong time,” the famed investor said Wednesday.
Continue reading George Soros on the ‘Blah’ Economy and China’s ‘Phenomenal’ Rise
…
Treasury Secretary Timothy Geithner said that China should let its yuan currency appreciate faster to demonstrate that the country is willing to follow through on promises.
“Frankly they haven’t let the currency move very much so far,” Geithner told Bloomberg News. “They know they’re just at the beginning of that process and I think we’d like to see them move more quickly.”
The yuan…
Continue reading Geithner: China Should Let Yuan Appreciate Faster
Geithner: China Should Let Yuan Appreciate Faster originally appeared on DailyFinance on Thu, 09 Sep 2010 06:51:00.