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Shockratees @ThatShockratees
, 5 tweets, 2 min read Read on Twitter
This was absolute idiocy by Mnuchin, in all possible scenarios except one:

Some power faction wants to crash the equity markets right now.

When I see a nominally-competent person behaving idiotically, I substitute my premises until I find some that make the act non-idiotic.
Equally-logical substitute premise:

Some power faction wants to boost the bond market right now.

Some power faction wants to make US stocks and US bank bond issues less-attractive, in comparison to those issues in other nations that trade open-market.

(Twitter is my whiteboard rn)
This article posits Mnuchin’s reacting to incentives outside the market, or for opt 3, outside the public market. All good theories. Keeping mine on top for now.…
Argh, sorry, pasting in iPad browser sucks. Here’s the proper link.…
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