Tag Archives: steven mnuchin
Maxine Waters Drops the Hammer on Powell and Mnuchin
This week Federal Reserve Chairman Jay Powell and U.S. Secretary of the Treasury Steven Mnuchin were called upon by the House Financial Services Committee to provide answers. Somehow, their efforts to deliver upon the directive of the CARES Act did not live up to certain expectations. Magic wands were waved. Yet they only made asset holders richer. Continue reading
Japan’s Yield Curve Control Regime is Coming to America
The central planners at the Fed and the U.S. Treasury, like the central planners at the BOJ, want a yield curve that looks just right. Namely, they want a yield curve that uniformly steps up like topographic elevation curves step up from California’s Death Valley along the face of the Eastern Sierra to the Mount Whitney summit. Continue reading
When Budget Deficits Will Really Go Vertical
United States Secretary of Treasury Steven Mnuchin has a sweet gig. He writes rubber checks to pay the nation’s bills. Yet, somehow, the rubber checks don’t bounce. Instead, like magic, they clear. How this all works, considering the nation’s technically … Continue reading
The Donald Saves the Dollar
The world is full of bad ideas. Just look around. One can hardly blink without a multitude of bad ideas coming into view. What’s more, the worse an idea is, the more popular it becomes. Take Mickey’s Fine Malt Liquor. … Continue reading
