Are Happy Days Here Again?
If so, where is that ebullient Presidential chat
to tell us just where or when
the Market will recover from its latest spat
and that very soon all will be of good cheer
because " the only thing to fear",
on the economic shelf
"is fear itself"?
But we are older, if not wiser now
and know that our instant Internet doesn't lie
as much as politicians do,
and even back then,
while urging an optimistic view
smoking cigarettes in ivory holders wasn't smart
for a great Presidential heart
.
While today's world is at least equally sour,
current American leaders seem to have much less power,
and we all watch the Market with apprehensive dread
as what once was up, goes down instead
and visions of profitable greed
turn rapidly to fears of possible need.
But wait,
see it oscillate,
as the big boys play
it's vice versa today;
because feeling desperate,
whenever the Market disappoints,
China's banks have (again?) cut their interest rate
by "25 basis points".
While I have no idea why this should be a potent requirement
I must ask, "is this the way to run an old guy's retirement?"
HZL
8/24/15
China Cuts Interest Rates After Market Plunge - The New ...
www.nytimes.com/.../china-cuts-interest-rates-after-m...
Jun 27, 2015 - China Cuts Interest Rates After Market Plunge ... central bank cutinterest rates on Saturday and reduced the reserves that certain banks must hold. ...Previous sharp drops in the stock markets this year have been quickly ...
The New York Times
China money rates down sharply for the week after interest ...
www.reuters.com/.../markets-china-bonds-idUSL3N0Y64F12015...
May 15, 2015 - SHANGHAI, May 15 Chinese money rates fell sharply on the week, tracking ... measures such as RRR cuts and lower reverse repo rates," wrote Helen Qiao, ... China to relax rules for foreigners trading on interbank market ...
Reuters
Asian stocks broadly higher after China stimulus - CNBC.com
www.cnbc.com/.../chinese-stimulus-likely-to-give-asian-stocks-a-le...
May 11, 2015 - "China could cut interest rates by another 50 basis points in the third quarter to ... high, with the market spotlight firmly on electronics giant Sharp and industrial ... Asiana Airlines reversed a lower open to notch up 0.3 percent, ...
CNBC
China: PBoC cuts interest rates by 25bp - FXstreet.com
www.fxstreet.com/analysis/flash-comment/2015/06/29/
Jun 29, 2015 - This was the fourth interest rate cut since November last year. ... the interest rate on the reverse-repo operations was cut markedly to ... cuts as a response to the sharp decline in the Chinese stock market in the previous days.
FXstreet
China Cuts Rates (Again) In Desperate Bid To Buoy Stocks ...
www.zerohedge.com/.../china-cuts-rates-again-desperate-bid-...
May 10, 2015 - For the third time since November, China has cut its benchmark lendingrate. ... lending rates continued to decline, the market interest rates dropped ... It is worth noting that the PBoC has guided the reverse repo rate lower five times ... which has resulted in a sharp drop in the 7d repo rate to 3.0% from 4.8%.
Zero Hedge
China's Central Bank Cuts Interest Rates - Wall Street Journal
www.wsj.com/.../china-pboc-central-bank-cuts-b...
Feb 28, 2015 - China cut interest rates for the second time in less than four months, in a fresh sign ... “Deflationary risk and the property market slowdown are two main reasons for the rate cut this time,” ... The recent slew of easing measures is “a clearreversal of what Zhou has ... European Markets Fall Sharply on China.
The Wall Street Journal
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