Keith McCullough: Politicians Are Incompetent And Should Not Be Listened To On The Yuan

Keith McCullough spoke with Bloomberg Television this morning about Tim Geithner’s handling of the situation with China.

  • 0:35 Tim Geithner’s decision not to label China a currency manipulator is his best decision on China to date.
  • 1:25 This olive branch will move the yuan higher, 3-6%, over the next 18 months.
  • 2:15 Politicians are incompetent and they should not be listened to on the yuan.
  • 2:25 In the end this yuan rise is a negative for consumer spending.

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