$SPY.US$ Let me translate the deputy governor's actions for...
$SPY.US$ Let me translate the deputy governor's actions for anyone who doesn't speak the language.
"Despite the fact that our national currency is on a death spiral and we need to intervene to prevent that, the global markets are so intricately intertwined and FRAGILE that a whopping 15 basis point rise in our interest rates was enough to wipe out 6.4 TRILLION dollars in stock evaluations. Now, we're terrified of what more could come if we don't just let our currency tank."
"Despite the fact that our national currency is on a death spiral and we need to intervene to prevent that, the global markets are so intricately intertwined and FRAGILE that a whopping 15 basis point rise in our interest rates was enough to wipe out 6.4 TRILLION dollars in stock evaluations. Now, we're terrified of what more could come if we don't just let our currency tank."
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Just a dude highly interested in the financial markets who wants to share helpful info along the journey.
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Expendabiggles : I’d raise interest rates 50 points and send a laugh emoji to the white house.
Derpy Trades OP Expendabiggles : I'm sure Janet Yellen would give you a hug for that.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")