Here comes Chinese central bank bond buying, but this is no QE. A report surfaced in China Daily strongly implying the Chinese government is beyond just exploring something called money-financed fiscal expansion. We’ll go over what that is, how it is different from QE, and what the real takeaway is.
I see that China Stimulus is going really well.. pic.twitter.com/v0i2qYrXZ7
— Michael J. Kramer (@MichaelMOTTCM) December 12, 2024
Swiss shock – again. Now fearing outright deflation and over the next six months, SNB pulls the trigger on a fifty. Back in March, amidst the “sticky” “inflation” freakout, when the SNB was the first central bank to begin cutting rates it was a warning to other central bankers and the rest of the world what was coming wasn’t more “inflation.” OPEC concurs.
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