Lumpy 1
Diamond Member
- Jun 19, 2009
- 42,976
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I've been out of the loop for a few days but this doesn't sound good for the worlds love affair with Obama...
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Global anger at a fresh round of liquidity injections into the US economy swelled on Friday as Germany called the move "clueless" and emerging nations protested that it will wreak havoc on them.
Harsh criticism poured in as President Barack Obama headed for Asia on a trip he had hoped to use as a springboard for pressuring China to revalue its yuan but may end up in a fractious Group of 20 leaders summit next week.
The United States has been pressing China, largely unsuccessfully, to let its yuan currency rise more quickly to reflect the strength of what is now the world's second-largest economy and help correct global trade imbalances.
Global anger mounts at 'clueless' Fed actions
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Global anger at a fresh round of liquidity injections into the US economy swelled on Friday as Germany called the move "clueless" and emerging nations protested that it will wreak havoc on them.
Harsh criticism poured in as President Barack Obama headed for Asia on a trip he had hoped to use as a springboard for pressuring China to revalue its yuan but may end up in a fractious Group of 20 leaders summit next week.
The United States has been pressing China, largely unsuccessfully, to let its yuan currency rise more quickly to reflect the strength of what is now the world's second-largest economy and help correct global trade imbalances.
Global anger mounts at 'clueless' Fed actions