The Treasury is delaying a report on exchange rate policies to avoid a flap with China. They should never have been allowed to join the World Trade Organization. They’ll manipulate anything and everything to gain an advantage. I hope Obama starts applying some real pressure when he meets their Premier later this month. Their export based economy needs our markets more than we need them to buy Treasury bonds. They only respect strength and need to be reminded on a regular basis who’s the ‘big dog’ on the block.
There are reasons you should not cavort
With a country without the support
Of a tight rule of law.
No matter the draw,
Your end of the stick will be short.