OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

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Maddog–world stocks mkts WILL eventually sink/crash of their own weight…the catastrophe is nigh…

Posted by Richard640 @ 12:54 on February 17, 2020

Rabobank: China’s Stimulus Will Struggle In The Face Of What Is Needed To Contain The Spread Of The Virus

Submitted by Michael Every of Rabobank

There is a grim familiarity this morning in the news that the number of Chinese coronavirus cases has continued to rise. The number of cases in the country is now above 70,000 with the death toll standing at 1,770. Despite the headlines, the country’s stock market took encouragement from another round of stimulus. The PBoC cut interest rates for 1 year loans in an effort to support the baking sector while the Finance Minister promised that Beijing would roll out targeted tax and fee cuts.

The economic impact of the stimulus, however, will struggle in the face of the measures needed to contain the spread of the virus. According to Reuters, restrictions in the Hubei province were tightened further yesterday with most vehicles banned from the roads and companies ordered to stay shut until further notice. Headlines this morning also suggest that the Chinese government is considering delaying its high profile annual meeting of its full parliament in an effort to contain the virus. Around 3,000 members of the National People’s Congress have been expected to meet in Beijing from March 5 for around two weeks of meetings attended by President Xi and other top officials.

https://www.zerohedge.com/health/rabobank-chinas-stimulus-will-struggle-face-what-needed-contain-spread-virus

OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Maddog–world stocks mkts WILL eventually sink/crash of their own weight…the catastrophe is nigh…

Rabobank: China’s Stimulus Will Struggle In The Face Of What Is Needed To Contain The Spread Of The Virus

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