FYI: It’s our currency, but it’s becoming everyone’s problem.
Treasury Secretary Steven Mnuchin last week seemed to channel his predecessor from the Nixon administration, John Connally, who famously declared in 1971 that the dollar was the U.S.’s currency but the rest of the world’s problem. The greenback then was under pressure during the waning days of fixed exchange rates, and Richard Nixon wanted a cheaper dollar to reduce trade imbalances and goose the U.S. economy.
Regards,
Ted
http://www.cetusnews.com/business/Why-a-Weaker-Dollar-Could-End-This-Bull-Market.SkbcCw_KBz.html
