-
Note to U.S. Senate: Here’s What Happens When Dollar Rises 25%
So what happens when the greenback climbs by 25 percent? That was a question pitched to U.S. Treasury-secretary nominee Steven Mnuchin -- a product of concern about potential protectionist actions in the Trump administration. The background: Economists have penciled in dollar appreciation of as much as a quarter as an offset to the imposition of a U.S. border tax along the lines proposed by some Republican lawmakers. Mnuchin, responding to written questions following his Senate confirmation hearing last week, didn’t detail the effects of such a gain, other than to say that sometimes there are “negative short-term ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Jan 24, 2017 2:30pm Jan 24, 2017 2:30pm
- AnniLi
- | Commercial Member | Joined Jan 2015 | 2212 Comments
- Comment #2
- Quote
- Jan 24, 2017 6:25pm Jan 24, 2017 6:25pm
- enochben
- Joined Dec 2007 | Status: a.k.a. the speculator | 109 Comments
- Comment #3
- Quote
- Jan 24, 2017 6:48pm Jan 24, 2017 6:48pm
- lasty
- Joined Aug 2008 | Status: Member | 1423 Comments
- Comment #4
- Quote
- Jan 24, 2017 6:56pm Jan 24, 2017 6:56pm
- enochben
- Joined Dec 2007 | Status: a.k.a. the speculator | 109 Comments
- Comment #5
- Quote
- Jan 24, 2017 8:13pm Jan 24, 2017 8:13pm
- lasty
- Joined Aug 2008 | Status: Member | 1423 Comments
- Comment #6
- Quote
- Jan 24, 2017 9:43pm Jan 24, 2017 9:43pm
- Guest
- | IP XX.XXX.27.85
- Comment #7
- Quote
- Jan 24, 2017 10:16pm Jan 24, 2017 10:16pm
- enochben
- Joined Dec 2007 | Status: a.k.a. the speculator | 109 Comments