China has started to use big moves to save the real estate and support the stock market! The essence is to flood the market with money! In the face of crisis, every sovereign country has the same choice, which is to increase the printing of money. But in the face of deflation, the M1 data has fallen to the bottom, confidence is gone, loans are idle, and demand is sluggish. This may trigger the situation in 2009, when speculation prevailed, "garlic you are cruel", "bean you play", "money onion", "coal over wind", and the sequelae caused by 4 trillion, but it is also good for encryption!

China's 10-year bond yield fell to 2% for the first time in history!

Today's combination of punches from the central bank is also rare in history:

1. Reduce the deposit reserve ratio, policy interest rates, and 7-day repurchase rate from 1.7% to 1.5% (further loosening of liquidity)

2. Reduce the interest rate of existing mortgage loans to the current interest rate level (an overall reduction of 0.5%) and reduce the down payment ratio for second homes to 15%

3. In order to ensure the bank's net interest margin, the deposit interest rate will be lowered

4. The central bank directly proposed to release 1 trillion yuan to support the stock market

Germany, the engine of Europe, has also seen terrible PMI data recently. The global economy is going through a situation of starting over. Although the United States is still resilient, with global demand sluggish, even Apple's 16 is looking bleak, which is likely to affect the US stock market in turn! Interest rate cuts are not enough, and large-scale global QE will follow! 🧐