What’s up with the markets?
Flash back 30 years to October 1987, when Treasury SecretaryJames Baker spoke about devaluing the dollar over the weekendbefore the market crash.
“There’s no question in my mind that Treasury Secretary [Steven]Mnuchin did the same thing” by talking down the value of thegreenback in late January, said Richard Bove, a bank analyst withVertical Group, in an interview with ThinkAdvisor on Monday, after the Dow Jonesindustrial average took a record 1,175-point dive.
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Janet Levaux
Editor-in-Chief Janet Levaux has covered the financial markets since 1991, with a focus on financial advisors since 2005. After graduating from Yale and the Johns Hopkins School of Advanced International Studies (SAIS), where she studied global economics, Janet worked as a freelance financial and business writer in Japan, and then as a reporter and editor for Investor's Business Daily and the Bay Area News Group in California. She earned an MBA in 2007 and since then has helped lead key ThinkAdvisor projects like its Neal-Award winning reporting on Ken Fisher, Luminaries awards program and Women in Wealth newsletter.
