JPMORGAN, on China stimulus:
“.. I don’t think it’s an exaggeration to say that China is acting somewhat out of desperation given the severity of the declines shown in the charts below.”
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Pipidaddy : Sometimes western media is unbelievably biased. Bad economic indicators are exactly why the stimulus package is launched, and those indicators have been bad for some time. It seems quite obvious that Chinese government deliberately picked the timing of announcements and judging by the effect it’s not a bad timing. Whether the stimulus works remains to be seen but what’s ironic is that if the US or Japan does the same thing, I’m pretty sure it would be portrayed in a much more positive light, neutral at least.
SPICYDOC辣刀客 : They are probably squeezed by their shorts on China. Then try to get out of position by giving out false information. When they get squeezed, the longs ride the run more.