GM Wants 90 Yen to the Dollar

This article has some good quotes from GM's chief economist arguing for a stronger Yen.

With the yen trading at nearly 120 to the dollar, the Bank of Japan is providing Japanese automakers with a subsidy of more than $4,000 on each midsize sedan exported to the United States, Mohaterem said."

Meanwhile Roach is arguing that the US should leave China alone, as the problem is really with American consumers:

Roach said the burgeoning U.S. trade deficit is the result of a chronic shortfall in U.S. net national saving, which fell to a record low of 1% of national income in the 2004-2006 period.

1%... that is not good.