Financial expert and Landmark Capital CEO, David Fischer, joins Steve Noble for their regular Money Monday segment. Topics discussed include Steve Mnuchin supporting a weak dollar while President Trump makes his case for a strong dollar. Also, listen for more on bad news for bonds.
Steve Mnuchin and President Trump Don’t See Eye to Eye on the Dollar
Listen to “Called 2 Action – Steve Mnuchin contradicts the President in Davos” on Spreaker.
David appears @ 29:30
– Steve Mnuchin visited the World Economic Forum in Davos, Switzerland. Stated a weaker dollar is good overall for worldwide trade and American exports. This went against what President Trump stated a week earlier about needing to have a strong dollar to make America great again.
– David thinks they’re both right. Thinks it’s unusual that the Treasury Secretary and the President are saying different things.
– The dollar has been weakening since Nixon took us off the gold standard. Meanwhile, gold has been strong and increasing in value.
– For more including the Bond market shaking up and turning into a bear market, listen to the full interview.