Chinese authorities held a surprise press conference where PBOC Governor Pan Gongsheng did his best Oprah Winfrey impression handing out rate cuts to practically everyone. All that does is further expose the gravity of the situation: the more the central bank or any authority does, the worse you know it is since rate cuts never work. China just announced a lot of them.Video Length: 00:18:33More By This Author:You Won’t Believe The New Jobs Data
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