Recent rhetoric from Washington has put the economic relationship between the U.S. and China squarely on the front burner, and Krugman is demanding that we crank up the flame. This week 130 members of Congress sent a letter to Treasury Secretary Timothy Geithner demanding that the Obama administration designate China as a “currency manipulator”. Following that, a bipartisan group of senators introduced a bill that looks to force the Obama administration’s hand. For its own part, Beijing invites criticism by continuing to deny its utterly obvious currency agenda.

As these tensions escalate, most economists urge Washington to tread lightly because of the negative fallout for America if China were to begin selling its enormous cache of U.S. Treasury bonds. Krugman pushes back, asserting that the U.S. risks little by playing hardball, and that China has more to lose. He asserts that a Chinese decision to end its purchases of U.S. Treasury debt would make only a marginal impact on long-term interest rates. Did you hear that Stockholm?
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Peter Schiff answers a question about ETF (Exchange Traded Funds) and how they work with Gold.

After a radio add Peter Schiff was able to improve his percentage from 4% to 12%. Peter Schiff has 9 percent, with 12 percent undecided.
CT Sen Poll: McMahon Takes Primary Lead
Professional wrestling executive Linda McMahon has surged into the Republican primary lead in the race for Connecticut’s open Senate seat, according to a new Quinnipiac poll. McMahon and former Rep. Rob Simmons still trail presumed Democratic nominee Richard Blumenthal by more than 30 points.

GOP Primary
McMahon 44 (+17 vs. last poll, Jan. 14)
Simmons 34 (-3)
Schiff 9
Und 12
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