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This article says the trading was up ".. on Wednesday. Literally, the first day after that call was made. I can’t make this up." Apparently the author did make

by kuhhk 8y ago

This article says the trading was up ".. on Wednesday. Literally, the first day after that call was made. I can’t make this up." Apparently the author did make this up, because the call occurred on Sunday [0], and yet the trading was down on Monday, which was the day after the call. [0] https://www.cnbc.com/2018/12/24/treasury-was-not-concerned-about-liquidity-when-mnuchin-called-banks-senior-official-to-cnbc.html https://www.cnbc.com/2018/12/24/treasury-was-not-concerned-a...

ohiovr 8y ago
That call was not about the WGFM working group for financial markets. That call was to try to calm markets “hey everyone the banks are fine!” Which naturally led many investors to question “Were we supposed to be concerned with the financial system after many months straight of assurances nothing whatsoever was wrong?” The call to the wgfm was after the markets closed on Monday. They just talked about convening on Monday from Sunday’s call https://www.yahoo.com/amphtml/finance/news/morning-brief-mnuchin-calls-bank-112055906.html https://www.yahoo.com/amphtml/finance/news/morning-brief-mnu...