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Mnuchin Sinks Dollar From Davos

MNUCHIN SAYS WEAKER DOLLAR IS GOOD FOR TRADE

MNUCHIN SAYS WEAKER DOLLAR IS GOOD FOR TRADE
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6 comments on “Mnuchin Sinks Dollar From Davos

  1. Dollar crash is nearing exhaustion, with a significant retrace ahead, before the next shoe drops later.

    US devaluation won’t make a whit of difference to US trade. If devaluation worked, the world would be driving Ladas and Yugos instead of Asian and German cars. Even with the one-year 20% dollar crash, the US share of the auto industry outside the US fell in half. Nobody else wants unreliable US cars, obsolete Whirlpool appliances, crappy RCA televisions, etc.

    All the crashing dollar does is crush the living standard of US residents, in time. Same for his dimwitted trade war shit. It’s all just spasms surrounding the demise of the US, following the path of Britain decades ago.

    And the phony US stock market “rise” is little more than an offset to the crashing dollar. In fact US stocks lag market performance in Asia, Europe and EM, on a currency-adjusted basis rather than in (meaningless) nominal terms.

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