The Most Important Financial Story You Haven’t Read Today

Imagine a United States economy with a finance sector only 25% of its current size. Followed to its logical extreme, the currency exchange agreement announced yesterday between China and Japan is the beginning of the end of U.S. financial services hegemony.

Currency Agreement for Japan and China
By and NATASHA SINGER
Published: December 26, 2011

http://www.nytimes.com/2011/12/27/business/global/china-and-japan-in-currency-agreement.html

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