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Read the article: Ford CEO Calls Japan a "Currency Manipulator"; What Country Isn’t a Manipulator?
EU Twists the Screws on Spain With Inane Requests Posted by Michael Shedlock at 11:33 AM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy.
See the original article here: China Cash Crunch: 1-Day Interest Rate Spikes to Record High 25%
Continued here: China Manufacturing PMI Hits Nine-Month Low as Output and New Orders Decline
The Financial Times reports Brazil declares new ‘currency war’ Brazil has declared a fresh “currency war†on the US and Europe, extending a tax on foreign borrowings and threatening further capital controls in an effort to protect the country’s struggling manufacturers. Guido Mantega, the finance minister who was the first to use the controversial term in 2010, said the government would not “sit by passively†as developed nations continue to pursue expansionary monetary policies at the expense of Brazil.“When the real appreciates, it reduces our competitiveness
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Continue reading here: Greece Tax Filing Bureaucracy in Action
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