Guru Jeff: "The reason why it has to happen on a Sunday morning is because it has to happen when all financial markets around the world are closed" 2/11/20
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Guru Jeff: "The reason why it has to happen on a Sunday morning is because it has to happen when all financial markets around the world are closed" 2/11/20
by RamblerNash on Tue Feb 11, 2020 10:05 pm
Guru Jeff
...Can it [the rate change] only happen on a Sunday? ...yes. and the reason why, remember Kuwait did theirs on a Sunday morning. This is not just a small rate change. Small rate changes can happen any day of the week. This is a massive jumbo rate change. The reason why it has to happen on a Sunday morning is because it has to happen when all financial markets around the world are closed to control and reduce market volatility because with that size of a rate change being so massive it would...cause tremendous volatility within the financial markets around the world. They don't want that...it's easier for them to do it after hours when markets around the world are closed...
2/11/20
...Can it [the rate change] only happen on a Sunday? ...yes. and the reason why, remember Kuwait did theirs on a Sunday morning. This is not just a small rate change. Small rate changes can happen any day of the week. This is a massive jumbo rate change. The reason why it has to happen on a Sunday morning is because it has to happen when all financial markets around the world are closed to control and reduce market volatility because with that size of a rate change being so massive it would...cause tremendous volatility within the financial markets around the world. They don't want that...it's easier for them to do it after hours when markets around the world are closed...
2/11/20
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