I mean, I knew it was coming. I read about it in places like Berkeley economist Brad DeLong’s Website and Fistful of Euros, but the Chinese currency revaluation didn’t really hit home until I got this email today (nearly deleted by spam filtering, of course) warning me that all the promotional plush penguins and ball-caps with the company name on them are going to be more expensive now.
Perhaps this is good news for the US novelty, gimmick, and gizmo industry. Or did we shut that down twenty years ago? Do we still have a novelty/gizmo industry in this country?
Secretly Ironic 