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Reuters — Treasury’s Mnuchin says Amazon ‘destroyed’ U.S. retail sector

Summary:
“If you look at Amazon, although they’re certain benefits to it, they’ve destroyed the retail industry across the United States,” Mnuchin told CNBC. “I don’t have an opinion other than I think it’s absolutely right the attorney general is looking into these issues and I look forward to listening to his recommendations to the president.” Are we finally going to start talking about anti-trust, which. incidentally, was at the heart of US progressivism historically.ReutersTreasury's Mnuchin says Amazon 'destroyed' U.S. retail sector

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“If you look at Amazon, although they’re certain benefits to it, they’ve destroyed the retail industry across the United States,” Mnuchin told CNBC. “I don’t have an opinion other than I think it’s absolutely right the attorney general is looking into these issues and I look forward to listening to his recommendations to the president.”
Are we finally going to start talking about anti-trust, which. incidentally, was at the heart of US progressivism historically.

Reuters
Treasury's Mnuchin says Amazon 'destroyed' U.S. retail sector

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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