• China Is Desperately Cutting Rates—is this the Start of a Global Crisis

  • Sep 25 2024
  • Duración: 19 m
  • Podcast

China Is Desperately Cutting Rates—is this the Start of a Global Crisis

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  • Resumen

  • Chinese authorities held a surprise press conference early this morning where PBOC Governor Pan Gongsheng did his best Oprah Winfrey impression handing out rate cuts to practically everyone. All that does is further expose the gravity of the situation: the more the central bank or any authority does, the worse you know it is since rate cuts never work. China just announced a lot of them.

    Eurodollar University's Money & Macro Analysis

    Bloomberg China Unleashes Stimulus Package to Revive Economy, Markets
    https://www.bloomberg.com/news/articles/2024-09-24/china-frees-banks-to-lend-more-cuts-key-interest-rate

    https://www.eurodollar.university
    Twitter: https://twitter.com/JeffSnider_EDU
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