Robert Reich: Why China's Currency Announcement is Hokum
The stock market is euphoric over China’s apparent decision to allow its currency to rise against the dollar.
Watch your wallets.
China isn’t really changing anything. It’s only doing the minimum to prevent Congress from listing China as a currency manipulator, leading to a squeeze on Chinese…
While it has no meaningful effect it at least suggests that China is willing to play ball enough to throw us some pretense for not starting a currency war.
