If you happened to miss today's Webinar on CRE and the possible dangers from it, you can still watch the replay. Follow the link below.
https://event.webinarjam.com/go/replay/23/1ym21crukhgh4
Chinese "banks" opted for an unusually large cut to China's benchmark 5-year Loan Prime Rate. In truth, that appears at the behest of Beijing where authorities are becoming increasingly desperate. Nothing they are doing is working - and Chinese banks know it. China has a growing bank problem on its hands before any of its other major problems.
Eurodollar University's Money & Macro Analysis
Bloomberg China’s Bold Mortgage Rate Cut Met With Lukewarm Reaction
https://www.bloomberg.com/news/articles/2024-02-20/chinese-banks-cut-mortgage-reference-rate-by-most-on-record
CNBC China boosts property funding with first cut in key loan rate since June
https://www.cnbc.com/2024/02/20/china-cuts-benchmark-5-year-lending-rate-for-the-first-time-since-june.html
Monetary policy shocks and the signaling channel of monetary policy in China
https://www.sciencedirect.com/science/article/pii/S2666933123000047?ref=pdf_download&fr=RR-2&rr=85898a601dfcdb01
Bloomberg China’s Property Crisis Is Starting to Ripple Across the World
https://www.bloomberg.com/news/articles/2024-02-09/china-s-real-estate-crisis-is-starting-to-ripple-across-the-world
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU
What is Eurodollar University?
Jeff Snider will guide you through the realm of monetary science. Multiple episodes uploaded each week, discussing big news and key current events, the state of markets and what they are telling you, as well as historical summaries and deep background material so that you can understand what’s really going on in this eurodollar’s world.