Posted on 11/21/2014 11:07:52 AM PST by Olog-hai
China’s central bank unexpectedly slashed interest rates on Friday to re-energize the world’s No. 2 economy, joining a growing list of major economies that are trying to encourage growth in the face of a global slowdown.
On top of the rate cut, Chinese authorities promised to inject credit into the financial system if needed. Meanwhile, the president of the European Central Bank said Friday he was ready to step up stimulus for the 18-country eurozone economy, whose performance continues to disappoint. And Japan’s government this week delayed a tax increase after the country slipped back into recession.
News of China’s actions and the ECB’s promises triggered a surge in stock markets, particularly in Europe. Germany’s DAX rose 2.6 percent while the Dow gained 0.7 percent. Asian stocks had closed before the Chinese announcements. …
(Excerpt) Read more at hosted.ap.org ...
It’s part of the currency war. The U.S.A. is one of only a few nations not participating with much zeal, so we’ll continue to export less.
QE 4 on the way here ...
Let the spin cycle begin. Democrats to start blaming the GOP victory wave on the global slowdown in 5...4...3...2...
Unexpectedly?
They must use the same econo-misseds we do...............
I would blame the global slowdown on the amnesty.
No. They’ll blame the global slowdown on the R Senate. And they’ll blame the R Senate on the global slowdown.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.