Cartoon: Da Bears Talk China Currency Manipulation
Who says the xtranormal bubble has popped? Today we present the latest "bearish" cartoon with one particular take on Chinese currency manipulation. While we don't necessarily agree with the argument that Chinese monetary policy is the "single most protectionist policy in the world" as China is merely holding up a mirror to the Fed's own monetary tools, it does provide some entertaining perspectives. On the other hand, the observation that China takes 6,000 jobs for every billion dollars in incremental trade deficit, is spot on.
h/t Dylan Ratigan
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