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Old 08-25-2015, 12:15 PM
 
Location: USA
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Looks like China saved the markets by taking a page from the Fed's playbook. It appears they plan to run virtually 0% interest rates for a while and might even consider some aggressive QE. I never thought they'd go down the same path but I guess as the saying goes desperate times call for desperate measures.
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Old 08-25-2015, 12:24 PM
 
Location: ATX-HOU
10,218 posts, read 6,797,832 times
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Quote:
Originally Posted by zoomzoom3 View Post
Looks like China saved the markets by taking a page from the Fed's playbook. It appears they plan to run virtually 0% interest rates for a while and might even consider some aggressive QE. I never thought they'd go down the same path but I guess as the saying goes desperate times call for desperate measures.
It's been happening globally since 2007 in varying degrees. Let's see if they can accompany monetary policy with smart fiscal policy, that was our issue.
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