A Quote by Steve Mnuchin

From time to time, an excessively strong dollar may have negative short-term implications on the economy. — © Steve Mnuchin
From time to time, an excessively strong dollar may have negative short-term implications on the economy.
A strong dollar reflects a strong country and a strong economy, and we need to make sure that we get the - stop the practice of devaluing the dollar.
The most important thing that a company can do in the midst of this economic turmoil is to not lose sight of the long-term perspective. Don't confuse the short-term crises with the long-term trends. Amidst all of these short-term change are some fundamental structural transformations happening in the economy, and the best way to stay in business is to not allow the short-term distractions to cause you to ignore what is happening in the long term.
Weaker currencies abroad mean a strong dollar, and a stronger dollar, together with a weak global environment, is a drag on the U.S. economy. So it's important, as it affects overall levels of production and employment in the U.S. There are many domestic industries doing well in the United States, notwithstanding a strong dollar.
Reforms aimed at increasing an economy's flexibility are always hard - and even more so at a time of weak growth - because they require eliminating protections for vested interests in the short term for the sake of greater long-term prosperity.
I am of the opinion, and have been for a long time, that any kind of big technological move is almost always positive in the short term but inevitably somewhat negative in the long term. And I think there are many examples of this in every possible context.
I will maintain the position that, long-term, a strong and dependable dollar is in the best interests of the United States while recognizing that, at times over the long-term, that may not be the case.
I think that most technology is positive in the short term, and negative in the long term. I wonder, if somebody looked back at the 20th and 21st centuries a thousand years from now, what their perception of the car would be. Or of television. I wonder if over time, they'll be seen as this thing that drove the culture, but ultimately had more downside than upside.
Long-term unemployment is particularly costly to those directly affected, of course. But in addition, because of its negative effects on workers' skills and attachment to the labor force, long-term unemployment may ultimately reduce the productive capacity of our economy.
There is a dilemma, to reconcile three time scales: in the short term, the economy; in the middle range, global well-being generally; and, in the long range, the environment.
Human decision-making is complex. On our own, our tendency to yield to short-term temptations, and even to addictions, may be too strong for our rational, long-term planning.
My first priority is growing this economy in the long term, and stimulating it in the short term.
When you start with why, which decision you make becomes very easy. It is so hard to do when you may suffer a short term loss or you may lose out on some short term gain. But in the long run it's way more powerful and way more stable.
I mean, if the relationship can't survive the long term, why on earth would it be worth my time and energy for the short term?
I believe that only short-term price swings can be predicted with any precision. The accuracy of a prediction drops off dramatically, the more distant the forecast time. I'm a strong believer in chaos theory.
We want everything in a hurry because our primary aim must be survival in the short term. Long term thinking has seemed like a luxury in human history because lives were shorter, but with our increased longevity we have to figure out what to DO with all our time, and to pace ourselves to achieve things that we want. Hobbes might have been right when he originally wrote that life is 'nasty, poor, brutish and short', but today we are AWASH with time.
I don't accept as an article of faith that lots of short-term stimulus boosts the economy and gets us back on the long-term trajectory.
This site uses cookies to ensure you get the best experience. More info...
Got it!