Saturday, June 04, 2005

Read It and Weep


The book is Coyote Warriors, by Paul VanDevelder. There is not much more to say, except that is goes from deeply depressing to wonderfully uplifting. Tearful reading at each extreme.

(Krugman) Thursday's statement from the People's Bank of China, announcing that the yuan is no longer pegged to the dollar, was terse and uninformative - you might say inscrutable. There's a good chance that this is simply a piece of theater designed to buy a few months' respite from protectionist pressures in the U.S. Congress.

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