Wednesday, November 10, 2010
What is currency manipulation, anyhow?
"Several industrialized nations, including the U.S., think China's explosive growth is unsustainable, and bad for the global economy. They fear its rapid inflation could ripple through the rest of the world, driving up the price on goods at a time when other economies are still struggling to get back on their feet."
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Currency manipulation is currently a very serious issue for the U.S. and many of the G-20 nations. As the G-20 nations are scheduled to meet this week, I'm sure this will be one of the principle topics discussed. Currency manipulation is primarily focused on China at the moment. China's huge economic growth this year is making others questionable as to whether this growth is due to their currency manipulation.
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