THIS FROM TIRMAN'S BLOG AT HUFFPOST...
"Romney has vowed "on Day 1" of his presidency to declare China a "currency manipulator" and impose tariffs. As columnist Tom Friedman explains it, what happens "on Day 2 when China, the biggest foreign buyer of U.S. debt securities, announces that it will not participate in the next Treasury auction, sending our interest rates soaring. That will make Day 3 really, really cool." Like a new global recession."
"Romney has vowed "on Day 1" of his presidency to declare China a "currency manipulator" and impose tariffs. As columnist Tom Friedman explains it, what happens "on Day 2 when China, the biggest foreign buyer of U.S. debt securities, announces that it will not participate in the next Treasury auction, sending our interest rates soaring. That will make Day 3 really, really cool." Like a new global recession."
