Posted on 12/23/2018 9:59:30 PM PST by familyop
Treasury Secretary Steven Mnuchin startled financial analysts, bankers and economists Sunday by issuing an unusual statement declaring that the nation's six largest banks had ample credit to extend to American businesses and households...Two Trump advisers, speaking on the condition of anonymity, said the calls would stoke unnecessary alarm. "No one thought we were at crisis level," one of these people said. "It's going to create more of an issue than we had already." Mnuchin and the president had a call on Saturday to talk about how to reassure the markets. Aides said that Trump knew the Powell story hurt the markets but that he did not want to defend Powell. So he told Mnuchin to put out a statement.
(Excerpt) Read more at chicagotribune.com ...
They’d round us up and load us up and take us away if they could do so.
Absolutely. And without even a second thought.
I never thought mass media and Hollywood could brainwash so many idiots like that.
That’s something I didn’t want to know.
Boy, thatta Stalin; he gotta nice head-a hair.
Not every customer can be loyal like Newman.
We should be grateful that more and more people now realize how vile they are and what they’re capable of.
Neither a correction nor a year-end fade is all that unusual. Wish I'd been in cash since about October, but it hasn't been a disaster either.
Yep, they have diseased minds.
Just about everything you wrote about ETFs are accurate, but you missed my point.
Prior to the ETFs and funds I described people could short a stock, betting the price would go down. When enough people did that it could magnify the downward pressure on the security, at least for a time. Now it can easily be done with an entire index using the financial instruments mentioned.
Merry Christmas and a profitable New Year to you!
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