China Eases Big, Delivers Large Cut To 7-Day Reverse Repo Rate
If you were looking for a sign…
If you were looking for a sign…
Of course, all of this will fall short if politicians do not step up with adequate measures.
Oh, the tragic irony.
The ever-present COVID-19 tape bomb risk notwithstanding…
If only there had been warning signs…
“A tax reduction doesn’t help if you don’t even have income”.
“We are also looking at more dire scenarios”.
Stimulus efforts aren’t going to matter if people are confined to their homes or otherwise frightened of engaging in economic activities.
“Afflictions”.
This paves the way for the de facto benchmark to be cut later this week.
“Let’s all pray it does not come to pass.”
The anti-epidemic bond issuance story is a microcosm of a broader narrative.
Sick days. Lots of them.
Whatever it takes.
An exceedingly rare, buyable dip? Or maybe not so much, given the whole pandemic thing…
It’s a “disaster”. And an “unforeseeable event”.
Let’s keep things “edgy”, shall we?
Pardon the central bank cliché.
“Too late to sell, too early to buy”.
“China will have no qualms about getting even deeper into debt to stimulate their economy.”
Who’s excited for mainland Chinese markets to reopen?
Don’t panic. But wear a mask.
It was risk-off out of the gate Monday.
A little trepidation.
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