Trump Team Doing "Plunge Protection"

ImRightYoureWrong · 2018-12-24T02:59:50.345Z

Top Trump official calls bankers, will convene "Plunge Protection Team"

U.S. President Donald Trump's Treasury secretary called top U.S. bankers on Sunday amid an ongoing rout on Wall Street and made plans to convene a group of officials known as the "Plunge Protection Team."

They’re getting scared. Trump is unhinged. Talking about firing the FED chair. Mnuchin makin calls on a Sunday.

Chaos president. Thanks cons.

Plasmaball · 2018-12-24T03:05:43.275Z

Only took him a year a and a half to kill the economy…just like everything else he has run…

Thanks “cons”…as usual…cant let you have power without ruining everything

SeaManatee · 2018-12-24T03:18:18.237Z

Is this like plunging a toilet? Is this why people talk about flushing twice?

lulubee · 2018-12-24T03:24:21.848Z

Nothing to see here.

altair1013 · 2018-12-24T03:26:13.205Z

ImRightYoureWrong:

They’re getting scared. Trump is unhinged. Talking about firing the FED chair. Mnuchin makin calls on a Sunday.

Chaos president. Thanks cons.

The fed chair is an idiot. Why was is such a great idea to increase interest rates right now? The problem with these clowns is that they can’t admit when they are wrong. It was a stupid idea. They could admit it and reduce the rate back to where it was. But they won’t their ego’s won’t allow it.

reflechissez · 2018-12-24T03:27:37.089Z

altair1013:

ImRightYoureWrong:

They’re getting scared. Trump is unhinged. Talking about firing the FED chair. Mnuchin makin calls on a Sunday.

Chaos president. Thanks cons.

The fed chair is an idiot. Why was is such a great idea to increase interest rates right now? The problem with these clowns is that they can’t admit when they are wrong. It was a stupid idea. They could admit it and reduce the rate back to where it was. But they won’t their ego’s won’t allow it.

You betcha.

Jezcoe · 2018-12-24T03:35:36.193Z

altair1013:

ImRightYoureWrong:

They’re getting scared. Trump is unhinged. Talking about firing the FED chair. Mnuchin makin calls on a Sunday.

Chaos president. Thanks cons.

The fed chair is an idiot. Why was is such a great idea to increase interest rates right now? The problem with these clowns is that they can’t admit when they are wrong. It was a stupid idea. They could admit it and reduce the rate back to where it was. But they won’t their ego’s won’t allow it.

The argument is that the Trump economy cannot withstand 2.5% interest rates.

Totally bonkers.

BlueTex · 2018-12-24T03:38:58.743Z

altair1013:

The fed chair is an idiot. Why was is such a great idea to increase interest rates right now? The problem with these clowns is that they can’t admit when they are wrong. It was a stupid idea. They could admit it and reduce the rate back to where it was. But they won’t their ego’s won’t allow it.

10 members of the Federal Open Market Committee, including the chairman, voted to raise interest rates and none opposed.

federalreserve.gov

monetary20181219a1.pdf

61.95 KB

Jezcoe · 2018-12-24T03:42:20.248Z

BlueTex:

altair1013:

The fed chair is an idiot. Why was is such a great idea to increase interest rates right now? The problem with these clowns is that they can’t admit when they are wrong. It was a stupid idea. They could admit it and reduce the rate back to where it was. But they won’t their ego’s won’t allow it.

10 members of the Federal Open Market Committee, including the chairman, voted to raise interest rates and none opposed.

https://www.federalreserve.gov/monetarypolicy/files/monetary20181219a1.pdf

Well duh… the Fed is part of the deep state.

altair1013 · 2018-12-24T03:45:05.401Z

Jezcoe:

The argument is that the Trump economy cannot withstand 2.5% interest rates.

Totally bonkers.

Nobody is making that argument. Here is what we know. The market is driven by panic. And everything makes them panic. Whenever there is a selloff it is nearly always based on “worries and fears.” In other words panic. Sometimes the market panics and loses hundreds of points. Then it gains them back plus some after absolutely nothing changed. Why? Panic. Tinkering with the interest rate is worse than “worries and fears.” This was the wrong time to fiddle fart around with anything.

Jezcoe · 2018-12-24T03:50:21.021Z

altair1013:

Jezcoe:

The argument is that the Trump economy cannot withstand 2.5% interest rates.

Totally bonkers.

Nobody is making that argument. Here is what we know. The market is driven by panic. And everything makes them panic. Whenever there is a selloff it is nearly always based on “worries and fears.” In other words panic. Sometimes the market panics and loses hundreds of points. Then it gains them back plus some after absolutely nothing changed. Why? Panic. Tinkering with the interest rate is worse than “worries and fears.” This was the wrong time to fiddle fart around with anything.

One cannot claim that the interest rate is being tinkered with when everyone knows that the rate is going to go up… because the Fed has telegraphed it’s intentions for a long long time now

If one wants to point to where the uncertainty that causes panic is coming from, look towards the White House.

That is where momentary whims have Trumped decades of steady policy.

SeaManatee · 2018-12-24T04:01:38.440Z

It’s the hugest economy in history as long as interest rates are at 0%

LucyLou · 2018-12-24T04:03:47.565Z

altair1013:

The fed chair is an idiot. Why was is such a great idea to increase interest rates right now? The problem with these clowns is that they can’t admit when they are wrong. It was a stupid idea. They could admit it and reduce the rate back to where it was. But they won’t their ego’s won’t allow it.

Lol so funny.

noSpaces · 2018-12-24T04:12:57.389Z

https://mobile.twitter.com/mattyglesias/status/1077016143553011713

AZslim · 2018-12-24T04:20:33.546Z

Where did you study economics?

Jezcoe · 2018-12-24T04:22:01.318Z

AZslim:

Where did you study economics?

Got a B.S. from Trump University

The_Original_Birther · 2018-12-24T04:24:26.860Z

And that BS doesn’t mean bachelor of science…

reflechissez · 2018-12-24T09:53:42.140Z

altair1013:

Jezcoe:

The argument is that the Trump economy cannot withstand 2.5% interest rates.

Totally bonkers.

Nobody is making that argument. Here is what we know. The market is driven by panic. And everything makes them panic. Whenever there is a selloff it is nearly always based on “worries and fears.” In other words panic. Sometimes the market panics and loses hundreds of points. Then it gains them back plus some after absolutely nothing changed. Why? Panic. Tinkering with the interest rate is worse than “worries and fears.” This was the wrong time to fiddle fart around with anything.

Not accurate.

Sewell · 2018-12-24T10:57:57.801Z

“The market is driven by panic, professors.”

“You, sir, have studied well! You are hereby awarded your Ph.D. in economics. Go forth and tell the masses how the market is driven by panic.”

biggestal99 · 2018-12-24T11:02:50.699Z

Lol. Way too easy of a set up.

Trump U.

Allan