It’s a sign of utter stupidity.
Bloomberg (paywall)
China made another decisive move to address its ongoing economic woes, this time by saying it will cut the reserve requirement ratio for banks within two weeks while hinting at more support measures to come. The disclosure arguably illustrates a mounting sense of urgency across Xi Jinping’s government to shore up the world’s second-largest economy and halt a $6 trillion stock-market rout. The RRR will be lowered by 0.5 percentage points on Feb. 5 to provide 1 trillion yuan ($139 billion) in long-term liquidity to the market. Regulators also added more measures to bolster slumping property and stock markets, broadening the use of commercial property loans for developers to help them repay other debt, and giving a boost to China and Hong Kong equities by unveiling steps to deepen financial ties with Hong Kong. The reserve ratio move, however, marked a rare and transparent reveal of a policy change by the People’s Bank of China. Shen Meng, managing director at Beijing-based Chanson & Co., said “announcing an RRR cut in advance suggests there’s no other effective tools available to stem the market rout.” —David E. Rovella
China is Enron. Corrupt with fictitious numbers.
They have a HUGE demographic problem as their population is shrinking. Birth rates are at all time lows and the population is rapidly aging.
Most of this I would view with great pleasure EXCEPT those little F’ers are dangerous and XI wants Taiwan. He sees reunification as his life’s mission. He knows China will never be stronger so he girding for war.
There are storm clouds on the horizon.
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https://www.bizjournals.com/houston/news/2024/01/25/tc-energy-center-renegotiate-loan.html (paywall)
Everything is fine!
https://www.fitchratings.com/research/corporate-finance/default-rates-to-rise-in-us-europe-as-weaker-growth-offsets-rate-cuts-27-12-2023#:~:text=Total-twelve-months%20(TTM,November%202023%2C%20is%202.8%25.
More People Are Missing Car Payments in Another Ominous Sign for the Economy.
The organization polled members of America’s 1 per cent – defined as people who have a postgraduate degree and an annual income of more than $150,000.
74 per cent say their finances are getting better, while just 20 per cent of the general public say the same.
A whopping 84 per cent also approve of the job Joe Biden is doing as president, while recent polls show Biden has an approval rating of around 39 per cent with general voters.
“The people who run America, or at least think they do, live in a bubble of their own construction,” write the poll’s authors.
“They’ve isolated themselves from everyday America’s realities to such a degree their views about what is and what should be happening in this country differ widely from the average America.”
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Election year stock market is going to do quite well.
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CV, you’re like the Pearland of US economics. Always negative.
coachv unlike some of you has a “pulse” on economics. He understands the consequences of what a 40 years highest inflation rate means to everyone. Everybody is spending 30% more at the grocery store than they were spending a few years back. Salaries are not keeping up with inflation. That is an undeniable metric.
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Where are you seeing that stat?
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I’m not always negative. I have been for this century since Bush went to war and cut taxes. It really was the start of the government spending insanity.
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Why are you letting posters writing the economy is great?
The economy is going well. Why would I stop people from saying that?
But back to my question before you deflected. Why are you making up stats?
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He only makes up stats 60% of the time. 
Most parts of the country don’t have enough housing coming available that is both affordable and close to the jobs people work. Those restaurant workers aren’t living within 10 miles of the West U places they work. Just one example. This isn’t a simple problem to solve. Or cheap.