Comments by "Curious Crow" (@CuriousCrow-mp4cx) on "HOLY SH*T! China’s Currency Crisis Is Worse Than Anyone Expected" video.

  1. Er... Not really, sweetheart. Right after lock downs ended, everyone expected China to lead the world in the global recovery, but it couldn't. And the US couldn't do it either. But China's situation went downhill from there. Basically, China is channeling a swan - seemingly serene above the water, but below the waterline, it's legs are going 10 to the dozen. Bazookas and bond sales can't help when the fundamentals don't add up. And that was the illusion of wealth with the collapsing Housing Bubble, defaulting belt and road loans, the withdrawal of informal subsidies, and the reshoring trend, are problems that bring worsening conditions for China. The only comfort is that China is not alone.
    1
  2. The Fed has no power over interest rates. All they can do is signal to the markets what they would like to happen, but then the markets do what they want, like they did the last time the Fed cut the FFR - nothing. Interest rates weren't cut by the banks.
    1