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Rebel Capitalist News

BREAKING NEWS: China Announces MORE Stimulus And US GDP Is Revised

Rebel Capitalist News

George Gammon

Investing, Business

4.71.1K Ratings

🗓️ 26 September 2024

⏱️ 19 minutes

🧾️ Download transcript

Summary

The Rebel Capitalist helps YOU learn more about Macro, Investing, Entrepreneurship AND Personal Freedom.✅ Come to Rebel Capitalist Live here https://rebelcapitalistlive.com/   ✅ Check out my private, online investment community (Rebel Capitalist Pro) with Chris MacIntosh, Lyn Alden and many more for $1!! click here https://georgegammon.com/pro   ✅Rebel capitalist merchandise https://www.rebelcapitaliststore.com

Transcript

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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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