News for hackers. Stuff that matters.
Re:Pelosi and a lifetime of trading by shadowgovt on Wednesday July 21, 2021 @12:52PM (#27908744)
... but it's a pretty big lever. And they don't even have to pass the laws; a person in position of authority can shock a market with a credible threat to take an action.

Such a tool was actually used to disrupt a rice panic once. Without releasing any surplus, an announced joint intent to release surplus drove speculators out of the market. https://www.npr.org/sections/money/2011/11/04/142016962/the-...

Re:Pelosi and a lifetime of trading by tharne on Wednesday July 21, 2021 @12:57PM (#27908830)
I remember Hillary Clinton doing that in 2016 with a single sabre-rattling tweet about the pharma industry.
Re:Pelosi and a lifetime of trading by throwaway0a5e on Wednesday July 21, 2021 @01:17PM (#27909136)
Obama made some suggestions about normalizing relations with Iran and all the defense stocks went crazy though nothing ever came of it

Politicians suggesting things impacts the market all the time.