Why Is It So Hard For You Fools To Understand What China Is Doing With Its Currency?

From NYT:

So Chinese currency manipulation is starting to get the heat it deserves. Good.

But, um, what’s this about?

Exchange rates are an arcane subject, harder to explain than a meeting with the Dalai Lama.

Gah. The renminbi thing isn’t at all hard to explain — it’s just supply and demand.

Read the rest at The Conscience of a Liberal –>

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