Tag Archives: Steven Mnuchin

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Cumberland Advisors Market Commentary – Not As It Seems

Author: Robert Eisenbeis, Ph.D., Post Date: December 1, 2020
Cumberland Advisors Market Commentary - Not As It Seems (Eisenbeis)

On November 19, Treasury Secretary Mnuchin sent a letter to the Federal Reserve Board requesting a 90-day extension of several Fed programs to provide liquidity to financial markets, including the Commercial Paper Funding Facility, the Primary Dealer Credit Facility, the Money Market Liquidity Facility, and the Paycheck Protection Liquidity Facility. Those programs were backstopped by […]

‘That was shocking’: Strong job gains give GOP extra fuel heading into Election Day

Author: , Post Date: November 5, 2018
Cumberland-Advisors-David-Kotok-In-The-News

Excerpt from The Washington Post, ‘That was shocking’: Strong job gains give GOP extra fuel heading into Election Day By Heather Long and Danielle Paquette November 2, 2018 Hiring surged and wages grew more than they have in almost a decade, the government said Friday in a report seized on by Republicans just before the […]

Big day in Fed Land

Author: , Post Date: October 25, 2018
Cumberland-Advisors-David-Kotok-In-The-News

Cumberland’s David Kotok emails on Clarida’s speech: “He is a prominent figure in the market community. He is known as thoughtful and a centrist. While I believe he doesn’t personally like Trump’s Fed bashing, I do not expect Clarida to refer to it. “He knows he is speaking for worldwide consumption and he knows these words he offers in his first speech can either inflame markets or calm them. I expect his remarks to be well received and carefully crafted. That is exactly what is needed given the President’s unseemly Fed bashing rhetoric.”