Tuesday, October 19, 2010

It's about time

China is finally tightening its own currency, which eventually should impact our trade imbalance and be a positive for the U.S. economy, though my own portfolio took a bit of a hit today as a consequence. It's also interesting how this was done. I suppose within the higher echelons of Chinese economic policy making, decisions of this sort have to be seen as coming from internal forces only, not hoist on the Chinese by the rest of the world, particularly the Americans.