Geithner

    Awaiting the Market Open in Asia…

    By: Francis Cianfrocca (Diary)  |  July 24th at 06:09 PM  | 

    Currency markets are open in the Far East as I write this, and the dollar is a little weaker. No interest rates or commodity prices yet, but I’ll update you if anything exciting materializes. I must say that I found it weird to hear John Boehner and others talking about making a deal before the trading week starts. (And if you’re a long-time RedState reader, | Read More »

    Henry Paulson Wouldn’t Have Done This

    By: Francis Cianfrocca (Diary)  |  January 23rd at 06:46 AM  | 

    Treasury Secretary-designate Tim Geithner was reported to have mentioned yesterday that he believes the Chinese are “manipulating” their currency, presumably downward against the dollar in an attempt to goose their exports. This issue is going to get a lot of play in the next few months, because China’s mercantilist policy depends on an artificially undervalued currency. Since this causes tremendous imbalances in global capital flows, | Read More »