Tomorrow’s conventional wisdom today. Why? Because it takes the big media at least a day to find their backside with a flashlight…
Here is what we said seconds after Geithner ‘s comments on China hit the wires a bit over 24 hours ago:
Geithner said Obama believes that China is manipulating its currency, an admission that the Bush administration was unwilling to make for fears of stanching needed inflows of Chinese capital.
Here’s what Bloomberg has to say, a day later: Geithner Warning on Yuan may Renew US/China Tensions.
Why wait?
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