Monday, November 8, 2010

No Respect Here


Germany's Finance Minister, Wolfgang Schäuble,
has one word for the U.S. Federal Reserve:

"Clueless."

Plus a few more...

"It is not consistent when the Americans accuse the Chinese of exchange rate manipulation and then steer the dollar exchange rate artificially lower with the help of their printing press...the American growth model is in a deep crisis. The Americans have lived for too long on credit, overblown their financial sector and neglected their industrial base."


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