America quickly shifting to a war economy, anybody surprised?
PPT TO THE RESCUE: 24 .5 handle sell off and a over 20 handle back up to the opening range
Investopedia explains ‘Plunge Protection Team – PPT’
“Plunge Protection Team” was the nickname given to the Working Group byThe Washington Post in 1997. The team was initially perceived by some to have been created solely to shore up the markets or even manipulate them. The team [...]
The stock market has been down for days now, the plunge protection team and the high frequency traders have been trying to prop up the market but has not been successful. The FED has been talking about tapering, all signs looks like they are tapering as the market is falling. To push the market back up the FED says they might not taper. The US government is preparing to invade [...]
From Economic Policy Journal:
As I have mentioned many times before, Philippa Malmgren is an insider’s insider.
She was Special Assistant to the President for Economic Policy on the National Economic Council. She was also a member of the President’s Working Group on Financial Markets, aka, the Plunge Protection Team.
Her client list includes every elite corporate firm in the world. (Take a minute to look at the list, it’s mind boggling.) You [...]
With the Dow now at its highest level since December of 2007, today King World News interviewed John Embry, Chief Investment Strategist of the $10 billion strong Sprott Asset Management. Embry told KWN “This is totally unrealistic and unsustainable.” Embry also discussed gold and the mining shares, and what he is doing with his own money, but first, here is what Embry had to say about what is happening in the [...]