Let there be two Fiats

They may be some of the most popular countries in Europe, but their financial future is looking significantly less favorable. Despite Angela Merkel, Germany’s chancellor, indicating that the euro-zone summit on March 24th-25th was a leap in the direction of amending the region’s debt crisis, critics are suggesting otherwise. Rescue missions, while approved, lack funding….

It has been broadly accepted that the Chinese Yuan is undervalued. However, what remains to be established is how fast the yuan should appreciate in value. One way or another, this adjustment will have global implications. A sharp rise in China’s yuan currency might cut the U.S. trade deficit by up to one-third, as well…