Except there never was a Mar-a-Lago accord. Currency under/over valuation has been ignored in all of the Trump "deals" -- and no concessions on bond coupons held in reserves either.
John Authers
John Authers11.8. klo 23.02
The godfather of the Mar-a-Lago Accord is going to the Fed. Stephen Miran will be an extremely interesting placeholder
Deals seem all about things where the Mar-a-Lago crowd thinks it will get a cut :) hope I am not being too cynical
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