prc30 on Nostr: And here we go. The Ministry of Finance is now set to enter the public conversation. ...
And here we go. The Ministry of Finance is now set to enter the public conversation.
With the just announced press conference set for this Saturday morning (an official work day in China), the entirety of focus will be on what, and to what degree, the MoF will provide fiscal support to the economy.
The only certainty at this time is that everyone following the process will be weighing in with expectations or, perhaps expectation management.
There have been very large numbers floated around for several weeks now in the public discourse, so it might be next to impossible for the MoF to overcome the market’s hurdle rate.
My outlook remains that of policy which will underwhelm.
Taking on the levels of fiscal support as is being discussed throughout traditional business media outlets simply doesn’t correspond with how economic policy has been conducted over the past two years. Systemic-wide deleveraging, in my opinion, remains a higher priority.
I will just leave it there. There will be enough commentary for all of us to sift through in the coming days.
xiangcai (npub134l…elwh) check out the markets now that this news is out.
With the just announced press conference set for this Saturday morning (an official work day in China), the entirety of focus will be on what, and to what degree, the MoF will provide fiscal support to the economy.
The only certainty at this time is that everyone following the process will be weighing in with expectations or, perhaps expectation management.
There have been very large numbers floated around for several weeks now in the public discourse, so it might be next to impossible for the MoF to overcome the market’s hurdle rate.
My outlook remains that of policy which will underwhelm.
Taking on the levels of fiscal support as is being discussed throughout traditional business media outlets simply doesn’t correspond with how economic policy has been conducted over the past two years. Systemic-wide deleveraging, in my opinion, remains a higher priority.
I will just leave it there. There will be enough commentary for all of us to sift through in the coming days.
xiangcai (npub134l…elwh) check out the markets now that this news is out.