China CEOs Backing Obama's Insistence Yuan Rises

[cieldumort]

Bloomberg:

Comments

[sophiaserpentia]

Well, like Bob Dylan said, it don't take a weatherman to see what way the wind blows. And at the moment it's blowing in the direction of stronger renminbi. Chinese CEOs are probably thinking that if a stronger currency looks like their idea, they can control the pace of it instead of dealing with something they can't control, like, say, if the US decides they like Krugman's tariff idea.

[cieldumort]

I hear ya

[sophiaserpentia]

If someone (besides a wonk like Krugman) makes a tariff proposal I expect it would spread like wildfire. Certain Republicans and conservative Dems would be all over it, and Obama would jump at the prospect to accomplish something, anything, that was actually bipartisan.

[cieldumort]

hmmm

I think a large number of both Rs and Ds would be so vehemently against it, that it would ultimately fail. The potential upside to passage is very good, but the potential downsides are also very, very bad.