China Rhetoric/Stimulus Meeting Saturday
I'm not expecting anything new. Plus Geoffrey says China doesn't need fiscal stimulus to enable growth in China.
» CLUB/EDGE client post OCTOBER 11th - just before the Ministry of Finance in China was to meet publicly next day to supposedly announce more (or clarify) stimulus measures.
My recent articles on this China Rally:
1. THE CHINA BAZOOKA - Sept 24th
2. IS THE CHINA BAZOOKA STICKY ENOUGH? - Oct 3rd
3. HOW TO PLAY CHINA'S PARABOLA - Oct 5th
Video reviews - before and after:
Then updated with: China hitting a wall October 3rd
I discussed in my trading room Monday, before China opened its stock market after returning from its Golden Week, and every day since, that I do not expect sizeable fiscal stimulus from China.
This week, the PBOC has unveiled a liquidity swap facility aimed at bolstering the stock market and investors, but that's not fiscal.
This week, China has proceeded with plans to create a CNY500B swap facility aimed at providing firms with liquidity for stock purchases, but that's not fiscal.
Let’s dig in: