Feb

5

 Treasury Secretary Lew's comments yesterday:

'While the recovery in the US economy has helped to drive global growth, the rest of the world cannot depend on the U.S. to be the sole engine of growth….'

I am reminded of one of Mr. Lew's predecessors, a certain Mr. Baker– whose mischevious words on a chat show one Sunday morning, in that instance chastising the Germans and Japanese for not trying hard enough and threatening (kind of) to let the Dollar go (whatever that means) in 1987 led to a somewhat statistically noticeable day in the Stock Market on Monday.

I know, I know, one thing has nothing to do with the other. I'm just saying….


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