Sec. Mnuchin responded to comments made yesterday, which caused the dollar to swoon lower, by doubling down on said comments and blatantly declaring the dollar was simply not a concern of his — implying it’d all work out in the end.
Long gold.
If you enjoy the content at iBankCoin, please follow us on Twitter
Amateur hour.
“Not a concern” comment may be due to the fact that he doesn’t want to signal any defense …he still has to sell a lot of bonds to finance the deficit spending by the orange swamp creature.
Hmmm, could indicate big deficits from infrastructure. Let the dollar fall now then get it rising as the bonds are sold. Heaven forbid taxes be raised.
Anyway this infrastructure spending is eight years late, Obama had to be blocked. Bullshit.
Imagine where we’d be now, interest rates could have been lower, labor, materials, all lower. And eight more years of economic impact. Better late than never, but fuck.