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Mnuchin Joins Effort To Deflect Blame For Market Selloff – Says HFTs, Volcker, Block Trades Are The Problem
On Monday, Peter Navarro showed up on CNBC to perpetuate the narrative that Donald Trump's trade policies have nothing to do with recent market volatility.
Navarro stuck to the party line, placing the blame for the selloff squarely on the (weary) shoulders of Jerome Powell.
Trump has of course been pushing that line for the better part of three months and indeed, he started to lay the groundwork for it back in July when, during a landmark interview with Joe Kernen, the President expressed his
Now that the market has realized Trump really is indisputablely completely incurablely clinically insane – as opposed to last year when the market thought he was a dream come true business man/president, now, I don’t see any way markets can recover until he is out of office.
Mnuchin can’t be serious unless he is trying to outdo Trump for the Village Idiot label.