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The buck drops here

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THERE may have been a "Trump bump" in the stockmarket but the opposite has been true in currency markets. The dollar has steadily weakened and the administration does not seem too concerned about it. Steven Mnuchin, the Treasury secretary, said this week thatObviously a weaker dollar is good for us as it relates to trade and opportunitiesHe qualified his remarks by saying a strong dollar reflects a strong US economy. Leaving aside his clear confusion (so does the dollar's weakness mean the US economy is weak?), it is rare for any Treasury secretary to welcome a fall in the greenback.Paul O'Neill, who held the position under George W Bush, declared thatI believe in a strong dollar, and if I decide to to shift that stance I will hire out the Yankee Stadium and some rousing brass bands, and a...

Second Term: South-East leaders endorse Buhari for second term…demands national asset named after Ekwueme

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A cadre of South-East leaders have promised their vote and support to President Muhammadu Buhari while demanding that a national asset be named after the late former Vice President, Dr. Alex Ekwueme, who died November 19th, 2017 in a London hospi ...Powered by WPeMatico