Tags » Currency Manipulation
The U.S. economy is in the midst of a recession. Well, a profits recession, at least.
The consensus for Q3 earnings per share is down 2.8% from the third quarter of last year, and that’s following a 10.9% year-over-year decline in aggregate S&P 500 earnings in the second quarter. 785 more words
In a recent Reuters online article, “Japan says TPP is not a place to negotiate currencies” http://www.reuters.com/article/2015/07/31/japan-economy-aso-idUSL3N10B06Y20150731, dated July 31st, 2015, Japanese Finance Minister Taro Aso made it clear that there would be no talks of manipulating currency rates in the TPP negotiations. 44 more words
With the sudden depreciation of China’s renminbi, it’s worth looking at the link between currency values and trade agreements. China’s currency last week dropped by a cumulative 4.4% against the U.S. 626 more words