Let's briefly analyze today's news. CN cuts the reserve requirement ratio and interest rates at the same time.
Today, several major media reported that CN is preparing to cut the reserve requirement ratio and interest rates at the same time.
First, my conclusion: it is good for the cryptocurrency circle.
Then why. Although CN no longer has influence in the cryptocurrency circle, we can look at the problem from multiple angles and other logics.
As early as when the Fed just started to raise interest rates, I judged that this rate hike would definitely take a long time. There is only one real reason: CN. The Fed will definitely use this trick to wear down the CN economy as much as possible. Only children will believe that there are no political factors.
Then this explains why the Fed was rarely dovish a few days ago. Because the United States already knows that there is a problem on the CN side.
If there is no major problem with the CN economy, the reserve requirement ratio and interest rate will not be cut at the same time. Then in the eyes of the United States, the purpose of this time has been achieved and it can be stopped.
Reducing the reserve requirement ratio and interest rate may cause the exchange rate to fail to maintain the current level. But in order to meet the highest requirement of "maintaining stability", it is necessary to abandon it. After all, after so many years of losing the family, there is not much wealth left.
In summary, two positives can be drawn:
The interest rate cut is getting closer and closer, and the main wave is about to start.
The U in your hands has appreciated against the RMB again. Congratulations to everyone and myself.
Finally, let me say something off topic. On the 10th, I said that the German government's sale of currency was a self-directed and self-acted scam to scare retail investors. Everyone knows this news today, right? 🤷
