Turning from green to red - The yuan is displacing the dollar as a key currency

IN TOKYO last week the bigwigs of international finance paid close attention to a speech by Ben Bernanke

he.. all very logical and sensible…. this seems to be a natural phenomenon called “growth” - as the world’s economies progress, they moderate and balance each other, it’s the basic underpinnings of modern global economics. by the less nuanced, it is used to create scary hyperbole about impending u.s. doom …