A Bigger and Deeper Looming Problem

AFTER President Joko Widodo’s show of anger in a cabinet meeting, financial markets seemed to follow suit, taking out their anger on the rupiah. Within a week after the meeting video circulated, the rupiah exchange rate against the US dollar dropped 2.31 percent.

It is opposite to the global situation where a positive aura is permeating global financial markets. There are signs that the US economy will continue recovering despite 50,000 ne

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