• Home
  • Forums
  • News
  • Calendar
  • Coins
  • Market
  • Login
  • Join
  • 6:06am
Menu
  • Forums
  • News
  • Calendar
  • Coins
  • Market
  • Login
  • Join
  • 6:06am
Sister Sites
  • Metals Mine
  • Energy EXCH
  • Forex Factory
  • Story Log
User Time Action Performed
  • China cuts banks' Reserve Requirement Ratio

    From morningstar.com

    China's central bank said Friday that it will lower the amount of deposits banks have to set aside, releasing 500 billion yuan ($69.91 billion) of liquidity into an economy struggling with its worst Covid-19 outbreak since 2020. The People's Bank of China said it will cut banks' reserve requirement ratio by 0.25 percentage point, which will bring the weighted average RRR level for the whole banking system to 7.8%. The State Council, China's cabinet on Wednesday pledged to use more monetary tools, including timely cuts in banks' RRR, to keep liquidity reasonably ample. The RRR cut, effective Dec. 5, can help the ... (full story)

  • Comments
  • Subscribe
  • Comment #1
  • Quote
  • Nov 25, 2022 8:02am Nov 25, 2022 8:02am
  •  traderathome
  • Joined Mar 2008 | Status: PVSRA with Traderathome | 1595 Comments
See? As things turn to shit under the command of Xi Jinping, the solution is to make more bad decisions.

Bank reserves are for safety.

But graft and corruption are the gifts to the Chinese people from their commie overlords.

Banks in trouble therefore? No problemo!......

......reduce the reserves!

And there we have it! Another shining example of shitty governance by Xi Jinping......whose personal graft and corruption probably exceeds all others.
 
 
  • Comment #2
  • Quote
  • Nov 25, 2022 8:44am Nov 25, 2022 8:44am
  •  zOrO2kX
  • | Joined Jun 2013 | Status: Member | 36 Comments
This will create pressure on USA to start QA o at least stop the QT. We are already in Global Recession and now, nothing can stop it.

Taking this in context, what I expect the following weeks for the markets:

1. Small bounce in markets
2. FED realize we are already in a point of no return and stop QT
3. Big leg down in the markets
4. We finally form a bottom
 
1
  • Comment #3
  • Quote
  • Nov 26, 2022 2:49pm Nov 26, 2022 2:49pm
  •  HBN08
  • Joined Mar 2020 | Status: unity | 41 Comments
Quoting zOrO2kX
Disliked
This will create pressure on USA to start QA o at least stop the QT. We are already in Global Recession and now, nothing can stop it. Taking this in context, what I expect the following weeks for the markets: 1. Small bounce in markets 2. FED realize we are already in a point of no return and stop QT 3. Big leg down in the markets 4. We finally form a bottom
Ignored
still wana see 124 to 126.dxy
 
 
  • Comment #4
  • Quote
  • Nov 26, 2022 8:06pm Nov 26, 2022 8:06pm
  •  zOrO2kX
  • | Joined Jun 2013 | Status: Member | 36 Comments
Quoting HBN08
Disliked
{quote} still wana see 124 to 126.dxy
Ignored
Have you seen what happens to the DXY (and the markets in general) when the FED stops QT and starts QE?
 
 
  • New Comment
  •  Guest
  • | IP X.XXX.59.31
Join CC
    • Older Stories  
    BTC/USD: Still Doing Nothing

    From dailyforex.com|Nov 25, 2022

    If monetary policy is relatively tight, Bitcoin stands very little chance of rallying for anything significant. Even though we are starting to see talk about the Federal Reserve ...

    Uzbekistan issues first crypto licenses to two local ‘crypto stores’

    From cointelegraph.com|Nov 25, 2022

    As Uzbekistan prepares to adopt a new cryptocurrency framework in 2023, the Uzbek regulators have started issuing regulatory approvals to local crypto service providers. The ...

    Bitcoin Stays Calm at $16.5K

    From coindesk.com|Nov 25, 2022

    Bitcoin's price barely budged on the U.S. Thanksgiving holiday. The largest cryptocurrency by market capitalization was recently trading at about $16,500, down a mere 0.11% over ...

    •   Newer Stories
    CoinList addresses 'FUD' on withdrawals, cites technical issues for delays

    From cointelegraph.com|Nov 25, 2022

    Cryptocurrency exchange and Initial Coin Offering (ICO) platform CoinList took to Twitter to address “FUD” after a blogger tweeted that users reported being unable to withdraw ...

    Binance Releases Proof of Reserves System

    From binance.com|Nov 25, 2022|1 comment

    Fellow Binancians, Following our recent announcement outlining our commitment to transparency, Binance is releasing its Proof of Reserves (PoR) System, ​which is the next step in ...

    Binance Allocates Another $1B for Its Crypto Recovery Fund

    From coindesk.com|Nov 25, 2022

    Crypto exchange Binance has allocated another $1 billion for its industry recovery fund, effectively increasing the size of the fund to over $2 billion. The additional allocation ...

  • More
  • Story Stats
  • Posted: Nov 25, 2022 6:57am
  • Submitted by:
     Newsstand
    Category: Low Impact Breaking News
    Comments: 4  /  Views: 2,116
  • Related Stories

    Asia week ahead: PMI reports to show impact of China restrictions
    From think.ing.com|Nov 24, 2022
    Central Banks Are Closer to End of Tightening Cycle, AMP's Oliver Says
    From youtube.com/markets|Nov 24, 2022
    Binance Launches Proof-of-Reserve System for Bitcoin, Ethereum 'Coming in The Near Future'
    From decrypt.co|Nov 25, 2022
  • More
Top of Page Default Page
  • Facebook
  • Twitter
About CC
  • Mission
  • Products
  • User Guide
  • Blog
  • Contact
CC Products
  • Forums
  • Calendar
  • News
  • Coins
  • Market
CC Website
  • Homepage
  • Search
  • Members
  • Report a Bug
Follow CC
  • Facebook
  • Twitter

CC Sister Sites:

  • Metals Mine
  • Energy EXCH
  • Forex Factory

Crypto Craft® is a brand of Fair Economy, Inc.

Terms of Service / ©2023