Worlds apart
The WSJ has a report from outer space:
Timothy Geithner said Wednesday that maintaining a strong dollar is “very important” for the country’s economy, sticking to his mantra on foreign-exchange policy as the U.S. currency continues its broad downtrend. “I believe deeply that it’s very important for the U.S. and the economic health of the U.S. that we maintain a strong dollar,” he said at a roundtable discussion with Japanese reporters. “We bear special responsibility for trying to make sure that we are implementing policy in the U.S. that will sustain confidence not just among American investors and .. savers but investors around the world”
Meanwhile, Bloomberg reported from planet earth: “Gold rallied to as high as $1,118.60 an ounce as the Dollar Index dropped to a 15-month low.” Geithner seems to get more amusing with each trip to Asia. (Of course the Indonesians might not see things that way.)
November 12th, 2009 at 5:06 am
Yes, well Geithner has a special relationship with Asia. Just ask the Indonesians. Were Halberstam’s book to be re-written for the Obama administration it would be entitled: “The Worst and The Dumbest.” F
November 12th, 2009 at 7:35 am
Geithner’s special relationship is with reality. Unlike the rest of us he seems to believe he is entitled to his own special reality.
November 13th, 2009 at 3:06 am
There was a day when respectable society shunned men like Turbo Tax Tim. Not because we are perfect, but because of the hypocrisy. Worse, because it damages our credibility to be represented by an obvious, low rent grifter.
Never send clowns to do serious work.