Monday, December 24, 2018

Do you ever wonder why?

This is Joseph

This move puzzles me, and everyone else I think:

For reasons that are a mystery to everyone, Treasury Secretary Steven Mnuchin called up the country’s six biggest banks on Sunday and asked them if their liquidity was OK. Everybody was a bit nonplussed by this, but they said sure, everything’s fine. Any particular reason you’re asking?
This was then announced -- publicly.

Duncan Black presumed that the target of the tweet was Donald Trump. But why would they be investigating liquidity on a weekend before the holidays?  What do they know?

Or are they just really bad at the optics of government and reassuring financial markets?

The net result seems to be some bumpy times in the stock market which seems like the opposite of what the administration would want in the middle of a government shutdown.

What I am missing (flashing the Palko signal into the skies)?  

1 comment:

  1. We might start by picking up these threads