john bland 13:28 not sure I understand what you are saying about mnuchkin's statement:
are you -
warning about a ccy war already under way or
calling for a ccy war or
agonizing that one should erupt ?
IF there were to be one and u.s. rates should go uP sound like everybody in pundit-dom should be excited about it : long time in coming.
AT Amazing Trader john bland 13:28:17 GMT - 01/28/2018
UPDATE: I have left the report below as written even after President Trump and Secretary Mnuchin said that Mnuchin’s comments had been taken out of context. I heard his comments directly when spoken several times. His initial comments were perfectly clear and needed no clarification. My best guess is that the Administration got considerable push back from senior financial market players at home and officials overseas over this new forex policy. My best guess is that we revert to the pre-existing policy of “benign neglect” of any USD weakness, with no overt encouragement of additional weakness
John M. Bland, MBA, co-founder, Global-View.com
Unexpected Statement In Davos Sees USD Sink It has been U.S. Forex policy since the time of Robert Rubin as Treasury Secretary that the standard answer of the Treasury Secretary to any question about the USD was that “A strong and stable dollar in in the best interests of the U.S.” ...MORE
UPDATE: I have left the report below as written even after President Trump and Secretary Mnuchin said that Mnuchin’s comments had been taken out of context. I heard his comments directly when spoken several times. His initial comments were perfectly clear and needed no clarification. My best guess is that the Administration got considerable push back from senior financial market players at home and officials overseas over this new forex policy. My best guess is that we revert to the pre-existing policy of “benign neglect” of any USD weakness, with no overt encouragement of additional weakness
John M. Bland, MBA, co-founder, Global-View.com
Unexpected Statement In Davos Sees USD Sink It has been U.S. Forex policy since the time of Robert Rubin as Treasury Secretary that the standard answer of the Treasury Secretary to any question about the USD was that “A strong and stable dollar in in the best interests of the U.S.” ...MORE
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