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Frederick Miles
Bloomberg Television
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Comments by "Frederick Miles" (@frederickmiles8815) on "UBS: China Likely to Cut Loan Prime Rate in April" video.
Because their financial economy is on the verge of collapse and they are now trying to print their way out - however they peg to dollar so their nightmare is slightly worse then ours. For context Americans invest in homes, equity, fixed income (standard big three consumer pillars); Chinese folk just go all in on generational homes; if their real estate goes down so do the Chinese people.
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