Menu
Sister Sites

  • China cuts banks' Reserve Requirement Ratio

    From morningstar.com

    China's central bank said Friday that it will lower the amount of deposits banks have to set aside, releasing 500 billion yuan ($69.91 billion) of liquidity into an economy struggling with its worst Covid-19 outbreak since 2020. The People's Bank of China said it will cut banks' reserve requirement ratio by 0.25 percentage point, which will bring the weighted average RRR level for the whole banking system to 7.8%. The State Council, China's cabinet on Wednesday pledged to use more monetary tools, including timely cuts in banks' RRR, to keep liquidity reasonably ample. The RRR cut, effective Dec. 5, can help the ... (full story)

See? As things turn to shit under the command of Xi Jinping, the solution is to make more bad decisions.

Bank reserves are for safety.

But graft and corruption are the gifts to the Chinese people from their commie overlords.

Banks in trouble therefore? No problemo!......

......reduce the reserves!

And there we have it! Another shining example of shitty governance by Xi Jinping......whose personal graft and corruption probably exceeds all others.
This will create pressure on USA to start QA o at least stop the QT. We are already in Global Recession and now, nothing can stop it.

Taking this in context, what I expect the following weeks for the markets:

1. Small bounce in markets
2. FED realize we are already in a point of no return and stop QT
3. Big leg down in the markets
4. We finally form a bottom
Quoting zOrO2kX
This will create pressure on USA to start QA o at least stop the QT. We are already in Global Recession and now, nothing can stop it. Taking this in context, what I expect the following weeks for the markets: 1. Small bounce in markets 2. FED realize we are already in a point of no return and stop QT 3. Big leg down in the markets 4. We finally form a bottom
still wana see 124 to 126.dxy
Quoting HBN08
{quote} still wana see 124 to 126.dxy
Have you seen what happens to the DXY (and the markets in general) when the FED stops QT and starts QE?
  • New Comment
  •  Guest
  • | IP XX.XXX.94.236
Join EE
  • Story Stats
  • Posted: Nov 25, 2022 6:57am
  • Submitted by:
     Newsstand
    Category: Low Impact Breaking News
    Comments: 4  /  Views: 1,628

  • Related Stories