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Treasury Releases FX Manipulation Report: Says China Must Allow Yuan To "Rise With Market Forces"

Treasury Releases FX Manipulation Report: Says China Must Allow Yuan To "Rise With Market Forces"

While Donald Trump already spoiled the surprise of the contents of the latest semiannual report from the Treasury on currency manipulation, when on Wednesday he told the WSJ that China would not be named a currency manipulator, moments ago the US Treasury confirmed just that when it published the long awaited report on "Foreign Exchange Policies of Major Trading Partners of the United States" which while keeping the same six countries - China, Japan, Korea, Taiwan, Germany, and Switzerland - on its manipulation monitoring watch list, it said no major trading partner met the criteria

Krunch Time for Korean Krackpot Despot, Kim Jong-Un: Missile Crisis Countdown Has Begun

Krunch Time for Korean Krackpot Despot, Kim Jong-Un: Missile Crisis Countdown Has Begun

The following article by David Haggith was first published on The Great Recession Blog:

The Korean missile crisis has never been hotter. Trump is turning the screws on everyone to force action. China, Japan, and South Korea join in threatening Kim Jong-un with imminent war, but North Korea’s crackpot despot isn’t backing down.

US Conducts Successful Field Test Of New Nuclear Bomb

US Conducts Successful Field Test Of New Nuclear Bomb

With the world still abuzz over the first ever deployment of the GBU-43/B "Mother Of All Bombs" in Afghanistan, where it reportedly killed some 36 ISIS fighters, in a less noticed statement the US National Nuclear Security Administration quietly announced overnight the first successful field test of the modernized, "steerable" B61-12 gravity thermonuclear bomb in Nevada.

Japan Prepares For North Korea "Emergency"

Japan Prepares For North Korea "Emergency"

Judging by the precautionary actions of North Korea's neighbors, the next 48 hours on the Korean peninsula could see substantial volatility, because at the same time as China's largest carrier was said to suspend flights to Pyongyang, the Japanese government has asked the U.S. to provide advance consultation if it is about to launch military action against North Korea, and "has ramped up preparations for emergency situations" according to Japan's Yomiuri Shimbun, including the potential evacuation of some 57,000 Japanese citizens currently in South Korea.

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