‘I’ve Got Plenty Of Buyers’: Steve Mnuchin Says People Are Lining Up To Invest In Trump’s Banana Republic
You are “free to do what you want”, but Steve knows you really – really – want some Treasurys.
You are “free to do what you want”, but Steve knows you really – really – want some Treasurys.
An unenviable position.
“We are against the enemies of Europe”.
Here comes China.
Nowhere is the GOP’s shameless dereliction of duty more readily apparent than in U.S. fiscal policy.
“This is what happens when”…
“The underlying message is that the US economy isn’t just in fine fettle, it’s on fire.”
Boy, we’re really in the heat of things now.Â
“…the equity market likely implies that the Fed is underestimating various risks.”
“Either this is the people’s budget or it’s not worth it.”
“This might be telling us that there is a growing USD shortage developing.”
“The euro as a common currency is not sufficient.”
Another week, another litmus test…
Sonny on the causeway and such.
Predictably, the fraught Italian budget negotiations went off the rails at the last minute.
Whether you’re a geopolitics buff, a Beltway junkie or a market addict, the week ahead has you covered.
“For those of you who enjoy watching someone at the end of their rope ramble through a tacit admission of defeat”…
“And in the case of the US, low rates seem to assume unending demand for US Treasuries given the US dollar’s role as the global reserve currency.”
It’s all fun and games unless Italy blows up the budget.
Who wants to catch a falling knife?
Around the world in 2,100 words.
And no, this isn’t about the dollar.
“Matteo wept for the end of innocence, the darkness of Berlin’s heart”…
Long live the king?
“[We will] try to respect all the hurdles Europe imposes, but the well-being of Italian citizens comes first.”
A full docket.
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