You Won't Believe What the Chinese Central Bank Just Did

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

[ICDeadPeeps]

The main issue with these rate cuts and stimulus package is that people will not take out loans no matter how low rates are if they're losing their jobs or having their pay slashed. This might temporarily boost equity prices, but it's ultimately going to set up investors for a bigger crash.

[Missouripatriotic]

Bro china has been collapsing on this channel for over 4 years now

[whatnow]

no jobs no money no economy who cares about rates

[cheaplaughkennedy]

Only made the situation exponentially worse.

[AnthonyFisher]

Thanks Mate, the sad truth is that no one has a clue, we all react to what happens as it happens and try to analyse it but can’t predict an iota of what is going to unfold in the markets… content creators are like amplifiers, when times are good they affirm it and try to tell you why it’s good and that it’s looking bullish but then all of a sudden the market turns bearish and everyone affirms it again and try to analyse why… it’s so sad that many are so powerless and it's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 2.3Bitcoin to a decent 19Bitcoin in the space of a few months... I'm especially grateful to Milton Harper, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[chewkaevin]

If they do nothing, they collapse, if they do something, they will also collapse …

You are an epic 🤦‍♂️

[matthewthurn]

Can I please have a rate cut? Oh wait, I have 0 debt…

[davecritto-dfeb]

WW111 - History will say. "No one bought the IPHONE 16."

[joshuaburns]

Their market is up 3000 points in a few weeks

[accidentalhomestead]

I really like the background. Most content creators have some staged something, not Jeff. The heart from a kid and the blank pictures say it all. All business, no fluff.

[PhilippBlum]

lol, China being able to reduce the RRR.
Federal Reserve being like: Hold my beer 0% since 2020.

[jigmed]

7:58 These animations are straight out of 2004 😂

[WoutervanTiel]

China sneezes and now we're catching the cold...

[MarkGast]

Amphetamines are not going to raise that dead horse.

[autokorrektor]

It's a monetary party and we all playing

[erniecho]

It's kind of to late for rate cuts. People are drowning in debt... They will never pay off their mortgage or have their own children... 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂

[vietimports]

when every other country was raising rates china was the only one cutting ever since the evergrande implosion

[ViperMike-cr]

You don’t get it…it’s not about the recession, it all has to do with pumping up the stock market otherwise the whole system collapses. Banks, retirement accounts, pension funds, everything will collapse

[DT-dvwf]

they are in Drivers seat, as they supply world with cheap stuff.

[apflewis]

Jeff, bless him, is like that guy at Times Square. Who walks around with a placard saying "The end of the World is nigh. I would say the US (Western) economy is in worse shape, at least China still has some manufacturing capacity.