The days of lecturing China may be over for the moment. But, really, how perfectly did you want them to embrace capitalism just now?
The head of China's sovereign wealth fund says he's lost the confidence to invest in U.S. banks, while China's central bank governor Zhou Xiaochuan didn't even stay in town. Instead, he flew to an international meeting chaired by Mr. Paulson's intended successor, Timothy Geithner.Preceding Mr. Paulson's arrival was a sudden depreciation of the yuan against the dollar -- provoking concern in some quarters that China is prepared to backtrack on one of Paulson's achievements.
One does start to get nervous at hearing Geithner's name everywhere as well, doesn't one?
A Mixed Ending for Paulson in China [The Wall Street Journal]
Posted by Tapecracker , Dec 05, 2008 11:32AM
Mighty Putty!
Posted by guest , Dec 05, 2008 12:00PM
@2: If I see a link to your blog one more time I'm never reading Dealbreaker again.
Posted by guest , Dec 05, 2008 12:04PM
@ 2 go away! Bess, can't you ban this self promoting fool?
Posted by guest , Dec 05, 2008 12:06PM
My bet is that The One Chosen By The Messiah (TOCBTM)is about to learn some lessons the hard way. I don't think the Chinese recognize The Messiah as their messiah.
TOCBTH is about to get schooled on how geopolitics trumps geoeconomics.
Posted by guest , Dec 05, 2008 12:26PM
If Geithner plans to pick up Hank's dollar policy and make it his own, we are truly going back to the 70's.We will need some better Aaron Spelling TV shows to help lighten the mood.
Posted by guest , Dec 05, 2008 2:01PM
BESS, A BUSY-BODY..WONT POST UNLESS ITS ON 'RIGHT THREAD', DUPS WHEN HE FEELS LIKE IT, TRIES TO MAKE MANKIND LOOK STUPID, BELIEVE IT.
Posted by guest , Dec 05, 2008 2:07PM
@6- WTF are you saying?