This really pisses me off. I will bet there were some texts to trading desks originating from this meeting before the story hit the wires. - ThreadSky

ivanthek.bsky.social • 21 days ago

This really pisses me off. I will bet there were some texts to trading desks originating from this meeting before the story hit the wires.

Reposted from Ivan the K ™☑️

WHY IS BESSENT DOING CLOSED-DOOR MEETINGS WITH INVESTORS?

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timtrautmann.com•21 days ago

One thing is sure. US market credibility keeps on sliding with every one of these clown shows. People will take their money elsewhere.

timtrautmann.com•21 days ago

100%

maltybiscuit.bsky.social•21 days ago

Bit of a risk though. Bessent is not the President, there's a decent chance of a Truth Social post hours afterwards that takes the opposite view.

musings-sometimes.bsky.social•21 days ago

Pisses me off too. That said, he strikes me as the only person resembling an adult in that admin at the moment, so while I'm skeptical I'm wondering what the reasons for doing this could be. Perhaps ensuring Buttlick doesn't get a front seat

vmkhc.bsky.social•21 days ago

JP and the gang recorded record profits in their trading departments in Q1. What are the odds a criminal like Trump would not divulge info to them prior to truthing/tweeting or whatever

swgeneralmills.bsky.social•21 days ago

No doubt. Corruption oozes from this administration.

susharma.bsky.social•21 days ago

There is a saying in Hindi, "When the husband is the police boss, why fear?" Everyone in this administration follows that saying.

smtuffy.bsky.social•21 days ago

Yeah, this is nonsense. Didn’t a Fed official get dinged for doing the same at a Citi event a couple years ago?

reporterev.bsky.social•21 days ago

Bessent did a closed-door session with state bank regulators a few weeks ago for reasons I can't even fathom. What's he going to tell those guys that isn't for public consumption?

smtuffy.bsky.social•21 days ago

Yeah, at least there you have the fig leaf of policy discussions or whatever but it’s still ridiculous

ivanthek.bsky.social•21 days ago

Yes. Bullard, I believe.

mclannahan.bsky.social•21 days ago

Ben Broadbent / Morgan Stanley in Oct 2021, which caused a policy change by the BoE https://www.bloomberg.com/news/articles/2021-10-13/bank-of-england-ends-off-record-briefings-with-private-investors

ivanthek.bsky.social•21 days ago

https://www.nytimes.com/2022/10/20/business/economy/james-bullard-citi-private-event.html

yhodah.bsky.social•21 days ago

Very large block of es futures hit tape at highs right before….

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