449 sats \ 1 reply \ @siggy47 6 Nov 2023 \ parent \ on: Meta Econ Takeover Day 20 meta
Good one. Now I'm doing a search for these meaningless names. I think they came up with a new one during the covid crash. I can't remember what they called it.
In China they have a whole group named the Plunge Protection Team. I love that. They buy stocks. At least they admit it's not a free market.
Edit: It turns out the U.S. has one too, but it's only rumored to actually intervene in markets here.
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