Tag Archives: Crude Oil

China’s disturbing, but logical role The Peoples Republic of China has become, by far the single biggest thorn in the bleeding side of Treasury Secretary Geithner. Despite years of cajoling and shadow-boxing from the US, China has barely responded to the pressure for up-valuing the Chinese yuan against the US dollar, opting instead to keep the yuan closely pegged, while plowing nearly a trillion of those constant-valued dollars back into US Treasury debt securities.  Part of the heat generated by the declining dollar’s purchasing power for world-priced commodities shows up as de-facto de-valuation of the yuan’s purchasing power. Given China’s … Continue reading →