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After Japan, China. i.e. if China dare to follow Japan to cut interest rate to negative to lesser burden of the bank borrowers; if not, hehehehe.
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(This post was last modified: 15-09-2022, 07:43 PM by
teaserteam.)
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Why Japan is not in good shape? It is because it has ultra-low saving interest rates for the money to circulate in the economy. Instead, the money moves to the US for better deposit rates.
(This post was last modified: 15-09-2022, 10:18 PM by
theold.)
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(This post was last modified: 16-09-2022, 07:28 AM by
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(16-09-2022, 05:49 AM)kokee Wrote: RMB plunges below 7 yesterday, CNH at 7.01 now against USD!
even with china central banks support & all the policy & request china banks stop selling RMB for USD, still, RMB plunges below 7! more to come!
If the west announce sanction china like russia, then will see RMB plunges 30-40% overnight! just do it fearlessly together globally!
also HKD unpeg & HK financial system collapse, these will collapse china economy & financially totally!
人民币大跌破7,旅游名义换汇正在被取消?中国净外储跌至数的背后,一场美元挤兑潮可能上演
人民币兑美元破7
china RMB crash from around 6.4 this yr to cross 7 now, RMB strong? my foot!
as above, global going to sanction china soon!
once sanction starts, RMB will be totally gone!!