The U.S. Treasury released its twice-a-year report on exchange rates. Using the ‘FIND’ function in Acrobat Reader to look for ‘Renminbi’, leads to the following sentences:
Only the Chinese renminbi remained unchanged against the dollar in the second quarter. This lack of movement of the renminbi has contributed to upward pressure on more flexible currencies in [...]
Some have chosen to focus on the fact that some students in the University where Mr. Geithner made a presentation chose to laugh when he said that America would maintain the value of the dollar. See here for example.
The real issues are covered by Simon Johnson at Baseline Scenario. See his posts here and here.
This push by [...]
Received from a friend:
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March 24, 2009
The Editor
Financial Times
Sir: Structured investment vehicles to invest in tranched mortgage-backed securities with plenty of leverage have been duly condemned for the huge problems and losses they caused. So to solve the problems the United States Treasury now brings us structured investment vehicles to invest in tranched mortgage-backed [...]
Bare Talk at Mint
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