China FAI -24.5% YoY
IP -13.5%
Retail sales -20.5%
We knew this. Btw, the world will look like this soon. Again, market expectations too optimistic after the WORST THAN EVER PMIS
IP -13.5%
Retail sales -20.5%
We knew this. Btw, the world will look like this soon. Again, market expectations too optimistic after the WORST THAN EVER PMIS
We knew this!!! Why are you surprised!!! I told you. WORST PMIS EVER! Services FELL! It never fell!!!
You should know this.
You should know this.
I talked about the worst than ever PMIs here & I emphasized services falling more than manufacturing & why you should be worried!!!
It never fell during GFC to negative. This is only common sense that an economy shutting down has negative activities.
It never fell during GFC to negative. This is only common sense that an economy shutting down has negative activities.
Btw, that was the GOOD NEWS. This Feb data has Jan data in it so even if March is 80% we still got Jan + Feb murkiness that hides good Jan data.
Don't get excited about March. DO NOT GET EXCITED.
Don't get excited about March. DO NOT GET EXCITED.
This is where we are: China retail sales contracted by -20.5% YoY Jan + Feb & that is WORST THAN EVER. It didn't fall during GFC!
FAI fell to -24.5% YoY in Jan+Feb. It NEVER FELL DURING GFC!!!
China investment in real estate -16.3% - never fell during GFC!!!
Industrial production -13.5% - never fell during GFC
The BOJ is raising its knife catching activities: ETC purchases of 12trn JPY. Buys corporates bonds, commercial papers. New lending program too!
Man, oh man, I stepped away from the desk & this.
Man, oh man, I stepped away from the desk & this.
HKMA reduces capital buffer for Hong Kong to 1% from 2%.
Everyone easing capital & regulatory burden. Wouldn't be surprised if NPL criteria changed.
Everyone easing capital & regulatory burden. Wouldn't be surprised if NPL criteria changed.
It's going to be a long day - hope you slept well last night because we're going to have to be wide awake to catch all this post Fed drama.
Btw, despite central banks, from Fed, to NZ to PBOC to now BOJ flooding markets w/ liquidity, MARKETS ARE DOWN!!!
Do you know why? I do, I do!!! 🙋🏻♀️🙋🏻♀️🙋🏻♀️
Nikkei staging a rebound on you-know-who knife catching activities...
Have you seen Australia since the RBA's dovish words????
Have you seen Australia since the RBA's dovish words????
Japanese markets gains getting erased fast!!! Why? Markets just sell into the BOJ knife-catching activity.
Question: How does this end? Is it gonna be like JGB where the BOJ is just going to own a lot of this market???
What's the end game? What for???
Question: How does this end? Is it gonna be like JGB where the BOJ is just going to own a lot of this market???
What's the end game? What for???
So the Fed should not follow the BOJ & buy EFT!!! It is a futile exercise!!! Knife catching!!!
Markets meltdown!!! Yes, all that actions by the Fed, ECB, BOJ, PBOC, RBNZ & RBA, wait for it:
HAVE NOT CONTAINED THE VIRUS 😬😬😬!
HAVE NOT CONTAINED THE VIRUS 😬😬😬!
