Skip to main content

U.S. Treasury Secretary Mnuchin on Exchange Rates: Clueless - Forbes

As the chart below shows, the evidence fails to support the idea that currency depreciations boost growth. Indeed, he found just the opposite: currency appreciations are associated with stronger growth.
 

Source: U.S. Treasury Secretary Mnuchin on Exchange Rates: Clueless - Forbes

Comments

Post a Comment

Popular posts from this blog

Fed, ECB, BoJ, PBOC Balance Sheet + Global Systemically Important Banks + Emerging Markets - Zerohedge

Source: "Get Prepared" For The Chaos To Come, Snyder Fears Global Financial Bear Market Looms - ZeroHedge
Post a Comment
Read more

Best of the week - FT

  Bondi attacks show old hatreds are flourishing again — Stephen Bush The worried investor’s guide to 2026 — Katie Martin We urgently need to rebalance EU-China relations — Emmanuel Macron The argument Iranians have in private — Najmeh Bozorgmehr The hard politics of climate overshoot — Pilita Clark
Post a Comment
Read more