Thursday, September 02, 2010

Most Exciting Headline ...

... since "Worthwhile Canadian Initiative:"

You asleep again, Bueller?

1 comment:

New York Crank said...

I think the headline was inspired by some of the soporific prose that followed it. To wit:

"Given the apparently little justification for a large devaluation from a short-term macroeconomic perspective, we see more longer-term and structural motives for the authorities’ actions. More specifically, we think there is now a conscious effort to experiment with a deliberately undervalued exchange rate (the “China Model” one might call it) and to pursue a more aggressive strategy of import substitution."