​China Fires A Monetary Bazooka… It Won’t Be Enough – Tyler Durden

China Fires A Monetary Bazooka… It Won’t Be Enough By Bas van Geffen, Senior Macro Strategist at Rabobank A fresh coat of paint After widespread speculation on social media, a Chinese zoo has finally admitted that their “panda bears” are actually “panda dogs”. Or, well, just some regular dogs with painted furs. In similar fashion, the Chinese government now seems to admit that the economy is in a worse state than hoped. Yesterday, the central bank had already announced a 10bp cut to its 14-day repo rate. More importantly, the PBOC announced a rare press conference for today’s session –…  — Continue at ZeroHedge News : Read More