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Plunge Protection Myths = Keynesian Economic Myths
Plunge Protection Myths = Keynesian Economic Myths QUESTION: What about what China did by buying stocks a few years ago to stop the hang sang from dropping LW Video Player 00:00 01:17 ANSWER: Do not confuse attempts to support a market from actually being able to do so. This is the same as Keynesian economics that […]
“It Tells People: Don’t Worry” – Saudi Stock Market Plunge Protection Team Exposed
“It Tells People: Don’t Worry” – Saudi Stock Market Plunge Protection Team Exposed In politics, “when it gets serious, you have to lie.” In the increasingly intermingled worlds of geopolitics and financials markets, when it get serious, you have to rescue your nation’s stocks… America’s Plunge Protection Team has been a long-standing feature behind the […]
Playing for All the Marbles
Playing for All the Marbles Global Plunge Protection Teams must be ordering take-out food; every night is a long one now. The current stocks/bonds game is for all the marbles, by which I mean the status quo now depends on valuations and interest rates remaining near their current levels for the system to function. If […]
Do Financial Markets Still Exist?
Do Financial Markets Still Exist? For many decades the Federal Reserve has rigged the bond market by its purchases. And for about a century, central banks have set interest rates (mainly to stabilize their currency’s exchange rate) with collateral effects on securities prices. It appears that in May 2010, August 2015, January/February 2016, and currently […]
China’s Plunge Protection Team Arrives: Urges Companies To Boost Stocks, “Avoid Selling”
China’s Plunge Protection Team Arrives: Urges Companies To Boost Stocks, “Avoid Selling” Over the weekend, we along with Bank of America and probably most carbon-based traders wondered if any central bank or government official would step up on Monday and intervene in the markets, either verbally or directly. The answer emerged overnight, when China officially […]
China’s Plunge Protection Team Holds $150 Billion In Stock, Claims “State Meddling” Stabilizes Markets
China’s Plunge Protection Team Holds $150 Billion In Stock, Claims “State Meddling” Stabilizes Markets It was two years ago, in June of 2015, when just as the Shanghai Composite was flirting with 5,000 and when literally the local banana stand guy was trading stocks, that the Chinese stock bubble burst, unleashing an unprecedented selling spree, […]
Lord of the Flies: Dystopia is Arising
Lord of the Flies: Dystopia is Arising Paper money eventually returns to its intrinsic value – zero – Voltaire I was driving around Denver yesterday doing my “boots on the ground” due diligence scouting of the local housing market. I continue to see some “sold” and “under contract” signs but I’m seeing a pile-up forming in […]
Plunge Protection Teams of the World, Unite!
Plunge Protection Teams of the World, Unite! The herd must be turned away from selling by any means available, and at this point, that means coordinated buying by all the world’s Plunge Protection Teams. Central bankers are watching Marx’s dictum all that is solid melts into air play out in global stock markets with a terror informed […]
China’s Plunge Protection “National Team” Bought 900 Billion In Stocks, Goldman Calculates
China’s Plunge Protection “National Team” Bought 900 Billion In Stocks, Goldman Calculates In, “The Complete Guide To China’s CNY 4 Trillion Margin Doomsday Machine,” we presented a comprehensive look at the various backdoor channels the country has used to skirt official restrictions on leveraged stock trading. Here, courtesy of BofAML, is a breakdown of these […]
Global Plunge Protection Team Rescues Chinese Stocks Back To Unchanged At Break
Global Plunge Protection Team Rescues Chinese Stocks Back To Unchanged At Break In what appears like a coordinated USDJPY-driven intervention, the Panic Plunge Protection Team has swung into action not once but twice tonight so far. After China opened down between 5% and 7%, and initial momentum bounce from USDJPY failed onlyt to be followed by […]
Ex-Plunge Protection Team Whistleblower: “Governments Control Markets; There Is No Price Discovery Anymore”
Ex-Plunge Protection Team Whistleblower: “Governments Control Markets; There Is No Price Discovery Anymore” One year after the great stock market crash in 1987, US President Ronald Reagan launched the “Working Group on Financial Markets.” Conspiracy theorists believe, however, that the real task of this committee is to protect against a renewed slump in the stock […]
