BREAKING NEWS: China Announces MORE Stimulus And US GDP Is Revised
Rebel Capitalist News
George Gammon
4.7 • 1.1K Ratings
🗓️ 26 September 2024
⏱️ 19 minutes
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| 0:00.0 | Hello, |
| 0:02.0 | so China comes out huge news today. |
| 0:05.0 | It's more stimulus. |
| 0:08.0 | We talked about this yesterday, |
| 0:11.0 | the day prior that they are coming out, |
| 0:12.0 | guns ablazon but they're not done yet |
| 0:16.1 | absolutely not and their stock market is ripping higher but you have to ask the question why on earth are they doing so much stimulus? |
| 0:25.8 | Every single day, they come out with more and more and more. |
| 0:29.6 | It's more cowbell, baby. |
| 0:31.4 | Why are they doing it? |
| 0:32.4 | I can assure you, it's not because their economy is running |
| 0:36.4 | on all eight cylinders and then in the United States we have huge news about the jobs market and GDP. |
| 0:46.0 | So I figured I'd throw everything into one action-packed video. |
| 0:51.0 | Here we go, so let's start with the bazookas over in China. See what on earth is going on here? |
| 0:58.9 | Whoa, how did I get here? Okay, well top stories you just Google this and you see that their central bank |
| 1:06.6 | Unveales broad stimulus measures you know what's really interesting is yesterday if you watch that video in China |
| 1:12.4 | I was talking about |
| 1:13.7 | how usually these stimulus packages are just completely ineffective |
| 1:17.2 | because they just apply to banks that don't want to lend anyway. So as an |
| 1:22.2 | example they say oh we're doing this big |
| 1:24.3 | stimulus package we're dropping the reserve requirements from 10% down to 8%. The |
| 1:30.0 | banks like okay thanks I guess I still don't want to lend into the real economy so I |
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