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2010-02-09

The US has no one but itself to blame for its trade deficits

Comments on Michael Stutchbury “West struggles to adjust to China’s rapid growth”, 9/02/2010, http://blogs.theaustralian.news.com.au/currentaccount/index.php/theaustralian/comments/west_struggles_to_adjust_to_chinas_rapid_growth/

“China will eventually require a flexible exchange rate regime with open capital markets,” the Paris-based OECD concludes.

Does it mean anything at all without a timeframe for eventual?

How incompetent those all round researchers are!

But to be fair, doesn't the US have trade deficit problems with countries whose exchange rates are free?

What does that suggest in the context of the US accusation of the Chinese for currency manipulation?

Isn’t it meaning the US is hypocritical and is merely finding someone as a scapegoat to blame for its own problems?

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