Unpacking The Chinese Stimulus Bazooka
Update: 2024-09-27
Description
The Chinese stimulus bazooka has been fired.
Chinese authorities have announced aggressive interest rate cuts, a 1 trillion yuan capital injection for Chinese banks, and they
are also mentioning the magic words: fiscal stimulus.
As a result, stocks are soaring and commodities are rallying.
But - is it really going to work? And can China really afford such a stimulus?
Alf and Brent unpack this in today's show.
Elm's ''Crystal Ball'' Trading Game: https://elmwealth.com/crystal-ball-challenge/
Transcript: https://www.spectramarkets.com/tmtf-transcript-27sep2024/
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