Mario Draghi Might Need To Chin-Check ‘Someone Else’ And By ‘Someone Else’ He Definitely Means Steve Mnuchin
I was only half joking when I suggested in my exceedingly profane Twitter feed that in light of recent events, we might have an "on sight" situation on our hands the next time Mario Draghi ends up in the same room with fellow Goldman alumni Steve Mnuchin.
The problem with being a central banker in a world operating under a competitive easing regime is that when all of your accommodation finally "works", the market immediately acknowledges your "success" by driving up your currency. So if, after
I’d pay to see Draghi slap Mnuchin, that said I’d pay to see anybody slap Mnuchin.
I guess if Mnuchy and Trumffler want to tank the dollar then the ECB could just counter with something like… “Oh you think that’s a weak currency?! Watch this fools! Eurozone wide minimum income funded with debt printing.”