Jim Rickards: The Next Global Crisis: Currency Wars Have Already Begun
November 16 — Speaking at the Asia-Pacific Economic Cooperation summit this weekend, President Obama chided China for not letting the yuan appreciate fast enough. "Enough's enough," Obama said, telling China start acting like the "grown up" economic power it's become. (See: Obama Says China Has "Grown Up" Economically. Has It?)
Meanwhile, GOP Presidential candidates have been trying to one-up each other on who will be tougher on China, with the notable exception of Jon Huntsman. "I don't know that this country needs a trade war with China," the former U.S. ambassador to China said during the CNBC Debate last Wednesday. Read more and watch the video.
