Unpacking The Chinese Stimulus Bazooka
from The Macro Trading Floor Hosted by Alfonso Peccatiello & Brent Donnelly
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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