I am waiting for the US to wreck WTO, as opposed to the ealier and general expectation that China would do so. So, again, the Unocal Call is a test, and a litmus one at that.
The media is not getting the nature of test or the character of the gambit, at least not yet.
On Shumer, he supposedly is not dense, certainly has been vocal, and must now explain to his constituency why he thinks a mere hint of a possible and if so, then certainly a minor adjustment to RMB:USD peg got him to turn tail. He will need to explain, then suggest resolution, to a problem he did not create, but took ownership of.
He should have realized that when successive presidents found it necessary to step down from their pre-election big talk, what is it the business of a senator to talk at all, much les big talk, and on topic that he cannot possibly appreciate while sitting at where he is on the big picture.
I dunno what will happen, but time and again, gold sounds better and better all the time. |
