{"id":41663,"date":"2018-12-14T09:58:54","date_gmt":"2018-12-14T14:58:54","guid":{"rendered":"https:\/\/olduvai.ca\/?p=41663"},"modified":"2018-12-14T09:58:54","modified_gmt":"2018-12-14T14:58:54","slug":"it-tells-people-dont-worry-saudi-stock-market-plunge-protection-team-exposed","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=41663","title":{"rendered":"“It Tells People: Don’t Worry” – Saudi Stock Market Plunge Protection Team Exposed"},"content":{"rendered":"
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“It Tells People: Don’t Worry” – Saudi Stock Market Plunge Protection Team Exposed<\/span><\/a><\/h3>\n<\/div>\n
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In politics,<\/a> “when it gets serious, you have to lie.”<\/em><\/strong><\/p>\n

\"\"<\/a><\/em><\/strong><\/p>\n

In the increasingly intermingled worlds of geopolitics and financials markets, when it get serious, you have to rescue your nation’s stocks…<\/strong><\/p>\n

America’s Plunge Protection Team<\/u> <\/strong>has been a long-standing feature behind the scenes since Greenspan (some even think it has been around since 1944<\/a>), ready as equity market buyer of last resort (and even getting subsidies for doing so from the exchanges<\/a>).<\/p>\n

See any number of magical and sudden reversals from 2008\/9 and 2014<\/a><\/strong>…USA Today finally realizes, fundamentals don’t matter anymore…<\/em><\/p>\n

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2015<\/a><\/strong>… The rescue bid arrives…<\/p>\n

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in dramatic size!!<\/p>\n

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But America’s lessons have spread.<\/p>\n

China’s National Team<\/u> <\/strong>is more erratic, sporadic, and definitely less successful.<\/a><\/p>\n

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But is nevertheless conspicuous<\/a> in its sudden panic-buying sprees when Shanghai Composite nears critical levels (or economic strength needs to be projected domestically or otherwise).<\/p>\n

For instance, this week…as China begins to fold on its strong-man trade war tactics…<\/p>\n

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And now, amid the current crisis of confidence in The Kingdom, The Wall Street Journal has exposed<\/a> Saudi Arabia’s stock market rescue squad<\/u><\/strong>…<\/p>\n

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The Journal pulls no punches<\/a> in turning the conspiracy theory into conspiracy fact, noting that the government of Crown Prince Mohammed bin Salman has spent billions to counter selloffs in recent months.<\/strong><\/p>\n

According to a Wall Street Journal analysis<\/a> of trading data and interviews with multiple people with direct knowledge of government intervention efforts, the Saudi government has placed huge buy orders, often in the closing minutes of negative trading days, to boost the market<\/strong>.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

“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 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[1849,3726,701,861,4318],"class_list":["post-41663","post","type-post","status-publish","format-standard","hentry","category-economics","tag-financial-markets","tag-plunge-protection-team","tag-saudi-arabia","tag-wall-street-journal","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/41663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41663"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/41663\/revisions"}],"predecessor-version":[{"id":41664,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/41663\/revisions\/41664"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}