Mnuchin's Take on Inflation and Its Impact on Markets

The transcript discusses the US economic policies and their impact on wages and inflation. It highlights Mnuchin's theory of stimulating the economy without causing wage inflation, which contradicts Fed policy. The market's reaction to bond yields and the attractiveness of US yields are analyzed, with a focus on trends and investment strategies.

Discuss the significance of the Phillips curve in the current economic context.

What factors could lead to a reversal of the current trend in Treasury yields?