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Peter Navarro, the closest thing Trump has to an economic guru, made some waves by accusing Germany of being a currency manipulator and suggesting that both the shadow Deutsche mark and the euro are undervalued. Leaving aside the dubious notion that this is a good target of US economic diplomacy, is he right?

Yes and no. Unfortunately, the "no" part is what's relevant to the US.



Index of Frank's Diaries
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Thu Feb 2nd, 2017 at 08:57:51 AM EST
To any who can see beyond the end of their nose and who are aware of the individual countries composing the EU it is clear that Germany is a massive beneficiary of the monetary and economic policies that have been followed since the creation of the Euro. And it is equally clear that the damage these policies have done has been vastly worse in Greece, Ireland, Spain, Portugal, Italy, Cyprus, etc. than any effect on the USA. What Trump and Bannon care most about is stirring the US domestic political pot. His second objective is to cement in place his US triumph by spreading it abroad - just as the US Neo-liberals have attempted to do.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Feb 3rd, 2017 at 05:37:10 PM EST
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