Tag Archive for Manipulation

US says China not manipulating ‘undervalued’ yuan – Full Story

US says China not manipulating ‘undervalued’ yuan (via AFP) The United States said Friday that China’s tightly managed currency remains “significantly undervalued” but Beijing was not manipulating the yuan to gain an unfair trade advantage. The US Treasury Department said it had concluded that China had not met the standards for manipulation but that it…

Fables of Wealth – NYTimes.com

THERE is an ongoing debate in this country about the rich: who they are, what their social role may be, whether they are good or bad. Well, consider the following. A recent study found that 10 percent of people who work on Wall Street are “clinical psychopaths,” exhibiting a lack of interest in and empathy…

Unemployment Claims Data and Economists’ Exploding Brain Syndrome

With the mainstream media reporting the seasonally adjusted first time unemployment claims down by 6,000 it’s time for a reminder that this number is fake, and may or may not give an accurate representation of the trend. If it does, it’s purely a coincidence. Economists and financial journos are in love with the seasonally manipulated…