Currency battle begins

By Edward Harrison On Mar 19, 2010

I recorded the video segment below on on RT America on Wednesday night (Notice my green tie for St. Patrick’s Day!). The overall gist of the clip was that the currency battle now brewing between China and the U.S. is mostly a political confrontation. There are reasonable ways out of this that don’t include a trade war – that is if politicians choose to not to politicize the debate.

At the end of clip, I mention the Triffin Dilemma in which the US domestic agenda is at odds with the natural current account deficit that the US Dollar reserve currency role creates. For more on this, see my last post. The clip runs just over 5 minutes.

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

A New World Order

Links: 2010-03-19 – Irish bank head arrest, hyperinflation, Arizona budget

Comments are closed.