Happy Unease! 24 Dec 2018.

Unease is spreading through financial markets after US Treasury secretary Steven Mnuchin’s highly unusual effort to reassure investors about Wall Street banks’ liquidity.

US futures markets are pointing to a lower open on Wall Street on Monday, as traders consider Mr Mnuchin’s statement on Sunday that the chiefs of the country’s biggest banks had confirmed to him that they had ample liquidity — a matter that had not been a widespread point of concern.

Merry Christmas from Steve Mnuchin!

The Financial Times, 24 December 2018

Published by William Vaughan

filmmaker, artist

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