Is a Strong or Weak Dollar Good for the US? The $16 trillion Question
From marctomarket.com
Reports suggest that recently President Trump asked National Security Adviser Michael Flynn about whether it was a strong or weak dollar that was in the US interest. According to the leaks, Flynn suggested asking an economist. The simple question is very revealing for those of us still trying to get a handle of the unorthodox new Administration. First, it means that the President has not made up his own mind, which implies more fluidity than some of the strongly worded statements and tweets suggest. Second, it underscores our caution that the formal power structure may not apply. Informal power structure may be more ...
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