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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