China's top government body, the politburo, attempted to reignite the "stimulus" sentiment with another wordy communication chock full of more promises and platitudes. To begin with, this doesn't bode very well for the "bazooka." Global market reaction wasn't what Beijing was looking for, either. Even stocks and Economists.
Eurodollar University's Money & Macro Analysis
Webinar w/Jim Rickards, Wednesday Dec 11 at 6:30pm ET. Sign up here: https://event.webinarjam.com/register/26/x671piml
SCMP China’s consumer inflation hits 5-month low, leaves room for more stimulus
https://www.scmp.com/economy/economic-indicators/article/3289917/chinas-consumer-inflation-falls-short-november-factory-price-drag-continues
Bloomberg China Signals Bolder Stimulus for Next Year as Trump Returns
https://www.bloomberg.com/news/articles/2024-12-09/china-shifts-monetary-policy-stance-for-first-time-since-2011
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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.