MARKETS LIVE BLOG [Yahoo! Finance Canada]
ZURICH INS GROUP S/ADR (ZURVY)
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Source: Yahoo! Finance Canada
Complicated and dense, "A User's Guide to Restructuring the Global Trading System" touches on everything from US debt to interest rates to re-shoring of US manufacturing but with a central idea of a "Mar-a-Lago accord" built around tackling dollar "overvaluation" and what author Stephen Miran wrote could be "a 21st Century version of a multilateral currency agreement." "Many argue that tariffs are highly inflationary," he wrote at another point, but "that not need be the case," especially if currency issues are also addressed. The idea quickly gained steam on Wall Street, with prominent backers on Wall Street like Jim Bianco of Bianco Research urging investors to read it. Bianco said in February it was a signal that the young administration is "thinking very big," as he put it on a podcast called MacroVoices. The thesis was also bolstered by Miran's subsequent selection to head Trump's Council of Economic Advisers, a sort of in-house think tank at the White House. The issue,
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