Tuesday, April 14, 2009
BusinessWEAK on the Dollar
"China has fired another shot across Washington's bow, again signaling Beijing's anxiety about its vast Treasury holdings and its ambition to have more say in global financial matters. ... Not surpringly, US officials were not amused, and Treasury Secretary Geithner said on Mar. 25 that any changes should be 'evolutionary.' Just about everyone agrees that the dollar won't be dethroned soon", my emphasis, Businessweek, 6 April 2009.