FORWARD BASE B

"Pay my troops no mind; they're just on a fact-finding mission."

Governments Don’t Believe In The Invisible Hand Either

Plunge Protection Team: No Different Than Santa and the Tooth Fairy?

Presenting The Exchange Stabilization Fund In 5 Parts: Is This The Real “Plunge Protection Team”?

Global Plunge Protection Team?

“unless the plunge protection team comes in over the next couple of days, the markets are looking very dicey here.” When a disgusted Joe Kernan asks if Vickers was making a joke about the PPT, the response is “absolutely not – it’s common knowledge that the government steps in and does things to step on the gas and buy stock here and there.”  dated 2010 Link

 The rule is that whenever the Topix index of all issues on the first section of the Tokyo Stock Exchange ends a morning session 1% or lower than the previous day’s close, the central bank will try to prop up the stock market by purchasing ETFs in the afternoon session. Link

“To improve the effectiveness of the EFSF and address contagion, we agree to increase the flexibility of the EFSF, allowing it to intervene in the secondary markets on the basis of an ECB analysis recognizing the existence of exceptional circumstances and a unanimous decision of the EFSF Member States.” Link

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