The Gun’s Not Loaded! Currency Chaos In Davos

This incompetence on full display in Davos this week has been all at once breathtakingly frightening and fall-in-the-floor funny. What started with Mnuchin landing in  Switzerland and immediately triggering a further slide in the dollar escalated dramatically on Thursday, first with Mario Draghi calling out a certain “someone” at the post-ECB meeting presser and then with Ray Dalio penning a scathing LinkedIn post aimed at that same “someone”. Then, just when it looked like things might spiral completely out of control, CNBC aired an interview with Trump which found the President pulling a “the gun’s not loaded!