China cuts some rate, and so?
https://www.zerohedge.com/markets/china-panics-cuts-multiple-rates-and-reserve-ratio-requirements-goes-all-prop-stocks
* The PBOC will reduce the 7-day reverse repo rate by 20bps.
* The PBOC will cut the reserve requirement ratio by 0.5%, a move that will free up1 trillion yuan ($142 billion) in liquidity, Pan said.
* China may also cut the RRR further this year by another 0.25 to 0.5% at the appropriate time.
* The PBOC will cut the 1 Year MLF rate by 30bps
* The PBOC will also lower the rates for existing mortgages and cut the down payment ratio on second homes to 15% from 25%.
* The deposit rate will be lowered to "neutralize" the impact on bank margins.
BIG moves in the markets
Is this a move from foreign buyers back into the Chinese markets?
USD is pretty low, SPX looks pretty high
Found a fix for the livestreaming issue: monitor the output! OBS didn’t work, or at least I couldn’t get it to work so FK THT.
No gym this morning because… out of money! Would rather wait until pay day or until those stonks move higher. DID go for a bike ride (no Chinese) and then lunch time job + push ups, then 100 mace swings.
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Have a good Tuesday!
00:00 Introduction and Market Overview
00:41 China's Financial Maneuvers
04:06 Job Market and Pandemic Impact
17:08 Live Streaming Troubles
22:02 Gym and Daily Routine
28:07 Language Learning and Future Plans
29:40 Conclusion and Sign-Off
