People, after all the speechifying, name calling, accusations, and general boo-sheet, the Obama administration has again declined to name China a currency manipulator!
Now personally, I don't think having a fixed exchange rate is currency manipulation, nor do I understand what makes us judge and jury on these issues, but my God, these guys really really really give new meaning to the phrase "cheap talk".
Dear Feds: if you are not going to do anything about it, then please just STFU!
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