Yesterday in Davos, Secretary Mnuchin left the impression that he might be reversing 25 years of US Treasury strong dollar policy by asserting that, “Obviously a weaker dollar is good for us as it relates to trade and opportunities.” The dollar then had its biggest one day decline in nearly a year and bond yields rose. Commerce Secretary Ross later joined the fray claiming that the US strong dollar policy was unchanged but this did not affect markets. READ MORE
January 25th, 2018
January 18th, 2018
The world is going through a huge health transition, where the problems of the six billion people who live in emerging markets are increasingly the problems of the one billion people who live in rich countries. For the first time in history, more people suffer from eating too many calories than too few. Improving global health is no longer primarily about combating infectious diseases. READ MORE
Janet L. Yellen has completed her term with unemployment much lower than it was when she began, with inflation low and closer to target, and with the financial system better capitalized and more liquid. What more can anyone ask from a Fed chair?
Yellen’s success is a tribute to her judgment... read more
"Newt has the right elements of the answer- people are really angry, they're disillusioned, they're uncomfortable, they're scared, they're looking for something very different," said Summers.
"He had a gut visceral connection that the Democrats lacked."
"We had statisticians doing computer models... read more