Remembering TCPaul, 2016-2019

Mnuchin to nation that wasn't panicking: "Don't panic"

https://www.cnn.com/2018/12/23/poli tics/treasury-mnuchin-ban whatnext12/24/18
These guys are such f-ing morons. midlaw12/24/18
The nation wasn’t panicking that the market entered bear t gladigotaphdinstead12/24/18
Stocks aren't doing great, but there is not a single person whatnext12/24/18
It doesn't sound as much about market performance as it does jeffm12/24/18
demwave, frequent critic of Yellen for not raising rates, sh whatnext12/24/18
Who is demwave anyway? Plumber, NRAL, or secondcareerlawyer? therewillbeblood12/24/18
Feic bangbus12/24/18
s/he doesn't write like anyone you've listed. It seems wutwutwut12/26/18
"Ok whatever happens Do Not panic! We are NOT broke, we have onefortheteam12/24/18
Yeah they never had a problem loaning money at interest rate gladigotaphdinstead12/24/18
Trump creates a crisis where there is none, where's the news backfromthedead12/24/18
What do you want to bet these clowns were short selling? soiled_nappies12/24/18
Sounds like classic Trump. I bet the conversation went some doublefriedchicken12/25/18
He’s a goner exnite12/26/18
whatnext (Dec 24, 2018 - 10:06 am)

https://www.cnn.com/2018/12/23/politics/treasury-mnuchin-bank-executive-market-volatility/index.html

What a weird move right before the holidays. Literally no one was concerned about banks having enough liquidity, but now they are after this odd statement. Dow immediately dove today thanks to the move.

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midlaw (Dec 24, 2018 - 10:09 am)

These guys are such f-ing morons.

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gladigotaphdinstead (Dec 24, 2018 - 10:13 am)

The nation wasn’t panicking that the market entered bear territory?

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whatnext (Dec 24, 2018 - 10:18 am)

Stocks aren't doing great, but there is not a single person who thought we were on the verge of a crisis or in the midst of one. The last time we saw a statement like that from the Treasury was 2009.

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jeffm (Dec 24, 2018 - 10:39 am)

It doesn't sound as much about market performance as it does about the current Fed Chairman.

"The secretary, who has been visiting his children in Cabo San Lucas, Mexico, tried to get ahead of further market jitters following reports that President Donald Trump was consulting advisers about whether he had the legal authority to fire Federal Reserve Chairman Jerome Powell.

In a series of calls with CEOs, Mnuchin spoke with Jamie Dimon of J.P. Morgan Chase, Tim Sloan of Wells Fargo and David Solomon of Goldman Sachs. He also called James Gorman of Morgan Stanley, Brian Moynihan of Bank of America and Citi's Michael Corbat. Each of the executives said they have "ample liquidity" to lend to consumers, businesses and perform other market operations, the Treasury Department said in a statement Sunday evening."

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whatnext (Dec 24, 2018 - 10:49 am)

demwave, frequent critic of Yellen for not raising rates, should weigh in on Trump being pissed at his hand picked Chairman for raising rates.

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therewillbeblood (Dec 24, 2018 - 1:26 pm)

Who is demwave anyway? Plumber, NRAL, or secondcareerlawyer? Or are the latter two the same person?

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bangbus (Dec 24, 2018 - 7:05 pm)

Feic

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wutwutwut (Dec 26, 2018 - 12:28 pm)

s/he doesn't write like anyone you've listed.

It seems closer to bftd having MPD and switching from one extreme to the other.

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onefortheteam (Dec 24, 2018 - 10:42 am)

"Ok whatever happens Do Not panic! We are NOT broke, we have plenty of reserves. The entire banking system does not have to collapse just because we're planning to fire the chairman. Stocks are still are poised for terrific gains and we are not destitute.. Stay Calm!""

*everyone hangs up the phone and immediately sells all their personal stocks*

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gladigotaphdinstead (Dec 24, 2018 - 10:52 am)

Yeah they never had a problem loaning money at interest rates above what they pay to the fed. Lucky for them we can’t borrow at similar rates as they can or their whole useless house of cards business model would really collapse.

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backfromthedead (Dec 24, 2018 - 11:53 am)

Trump creates a crisis where there is none, where's the news in that? regardless, what's the worry? -- Trump's in charge -- take comfort in what Trumpklumpfs lectured the country about - "Finally, we've got a successful businessman elected as President, now you're going to see how a country's really supposed to be run" -- all I know is that whoever shorted soybean futures after Trump first mentioned China and tariffs in the same sentence is driving around in a Lamborghini while you suckers are still driving around in your Toyotas and Hyundais
"China imports zero U.S. soybeans in November for first time since trade war started"
"With His Art of the Deal “Skills” Failing Him, Trump Is Back to Negotiating on Twitter"
https://www.reuters.com/article/us-china-economy-trade-soybeans/china-imports-zero-u-s-soybeans-in-november-for-first-time-since-trade-war-started-idUSKCN1ON0ER
https://www.vanityfair.com/news/2018/12/trump-shutdown-deal-democrats-wall

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soiled_nappies (Dec 24, 2018 - 2:14 pm)

What do you want to bet these clowns were short selling?

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doublefriedchicken (Dec 25, 2018 - 10:36 pm)

Sounds like classic Trump. I bet the conversation went something like. “What caused the massive drop in stocks in 2008?” “Banks couldn’t lend”. “Mnuchin call the banks and tell them everything is okay”

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exnite (Dec 26, 2018 - 12:05 am)

He’s a goner



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