"So now you are suggesting China cannot ease monetary policy with base rates above 6%?"

"Tell me, without the aid of google - why would having a base rate at circa 6% and GDP of circa 7% yoy not give an economy much room to manoeuvre?"






I would much rather not do this and have you continue to walk around completely blind and parroting sh1t but I want you to see why a guy like me enjoys champagne and oysters chatting with Hendry while a numbskull like you sits there with his finger up his arse posting rubbish on this forum.

But first a WARNING. You should tell your passing through psychopath friend, you know, the one that you now seem to enjoy sitting around pulling each others pecker, to immediately abort reading this post for his own good. This post contains numbers, and to that POS numbers are like flashing the sign of the cross to a vampire. He goes running looking for his casket where he belongs.

Now, on with the lesson.

Just today, yes, TO fecking TODAY, the PBoC reported that banks extended 522.9bn yuan of local currency loans, lower than the 550bn yuan expected and significantly lower than the 562.2bn yuan at the same time last year. Aggregate financing (it includes other sources of financing than just bank loans) was 1.14tn yuan in November, the lowest level since August and significantly lower than than the 1.29tn yuan the previous month………YET, NO EASING ANNOUNCED!!!! Why? Are the Chinese so stupid as to not know "they have room to maneuver" and flood their financial system with money?

China's HSBC manufacturing PMI rose to 50.5, higher than last month's reading of 49.5, but lower than the flash number of 51.2 a mere few weeks earlier, indicating an economy stagnating and barely threading water…….YET, NO EASING ANNOUNCED !!!! Why? Are the Chinese so stupid as to not know "they have room to maneuver" in easing and support their economy?

China's growth forecast has been downgraded by just about every Wall Street outfit, the IMF and the OECD……YET, NO EASING ANNOUNCED !!!! Why? Are the Chinese so stupid as to not know "they have room to maneuver" in easing and stop the slide?

The Shanghai composite index has dropped 5.3pc so far this year, now dropping to a level last seen in peak crisis 2009……YET, NO EASING ANNOUNCED !!!! Why? Are the Chinese so stupid as to not know "they have room to maneuver" and support their equities market?

Are you starting to get it, halfwit?

No, I don't think you are, so let me spell it out for you. CHINA EASING HAS NOTHING TO DO WITH HAVING ROOM TO MANEUVER BECAUSE OF A BASE RATE CIRCA 6% AND GDP CIRCA 7% parroted by a numbskull like you. It has everything to do with high levels and volatility of deposit flows and………silence please…….inflation expectations that remain high. Have I lost you again? Well, let's go on then until your pea sized brain starts to see the light.

While numbskulls like you think China has "room to maneuver", the Chinese are actually TIGHTENING by conducting about 100bn yuan worth in reverse repos in the last few months. And since I'm sensing that you are ready to pass out by now, perhaps I should let you know what this means. It means they are draining liquidity out of the system, not adding to it like mugs like you expect because "they have room to maneuver".   You see my FSA approved mug, China typically injects liquidity on an ultra short basis using repos (they added 365bn yuan to the banking system this summer - it sent the composite higher for a little while and did absolutely nothing to stop the deceleration of their economy). Chinese deposit volatility is massively high and thus extremely sensitive to easing/tightening moves. It exaggerates the actions of the PBoC by multiples which makes the Chinese extremely cautious about conducting easing operations because they "room to maneuver". China's Depo-to-GDP ratio is 1.9 as compared with that of the US for example of 0.55. An almost 3.5 times higher ratio that as a result exaggerates the impact of easing the reserve requirement ratio, as deposits flow more sharply and dramatically. That's why we've seen the PBoC act almost in a schizophrenic way, loosening with the one hand and immediately after tightening with the other. AND IT ALL HAS NOTHING TO DO WITH BASE RATE CIRCA 6% OR GDP CIRCA 7%.

Are you starting to get it? I doubt it, but I'll go on anyways.

The other fly in the ointment is inflation, specifically food inflation. Inflation which Bernanke exports to China (I will need a separate post to explain this onto you) and inflation which is caused by easing volatility. The Chinese leadership understand as well as anybody the outcomes of food riots and they know first hand what the REAL inflation is, not the manipulated 3.5-4.5 CPI numbers they publish.  The Chinese know that Bernanke's QE4 is coming their way this week, they also know that the Japanese are about to go full retard with QE9 (or is it 10, I lost track) so they are for now taking it on the chin and sitting tight. AND IT ALL HAS NOTHING TO DO WITH BASE RATE CIRCA 6% OR GDP CIRCA 7%.

Only an idiot like you thinks that.

Class dismissed, but don't forget to pull your pants up on the way out.

You nitwit... a PMI reading above 50 indicates expansion within the sector, now stop blagging, stop googling and educate yourself.

You don't fool me, and you know it.  You liar.

Never let this thread die... I am loving it.

I truly believe he is mental and deluded enough to think we believe his fairytales... and his constant anger and total "projection" with the "pea brain" etc jibes is golden.

Wonderful forumite

Sorry boys, school's out.

The forum knows what just took place here, only the hypocrites keep silent because, well......they are just hypocrites.

Two questions though:

1. to the psychopath who willingly handed me his mind on a silver platter: HOW COULD YOU BE SO FECKING STUPID?

2. to the numbskull who I just spanked: HOW WOULD ANYONE WITH THE INTELLECT OF A GOLDFISH GET FAS APPROVED?














































Calm down halfwits, the questions were rhetorical, I don't expect answers from corpses.

I'm not surprised that posting from somewhere where it's not the middle of the night never crossed your two functioning brain cells mind.

Thanks for finally owning up to the truth by the way:

Eeternaloptimist 11 Dec 12 23:06 
Even I know that.

EVEN a clueless mug like me knows that

EVEN a complete idiot like me knows that

EVEN a disturbed psychopath like me knows that

Lot's of nice choices you gave us.

Yeah, yeah, I get it, you are the FSA approved wise chap who posts rubbish and can't explain or answer the own sh1t his put up, but I'm a liar who just googles all the answers. //////snark


Pull your trousers up, I already said class dismissed.

I wrote that with the full knowledge that it would be well over your head. I just wanted to have the pleasure in watching you wiggle trying to save face from being exposed as a complete fool. You are not doing a good job.........which gives me double the pleasure.

I have no idea what you just posted. It's a bunch of random words strung together in poorly structured sentences. You should get your psychopath poet friend to help you with that.

I'm a poet of a different kind.

Same as the other thread.

Give me a shout when you want to learn. It doesn't do you any good to continue torturing yourself on here. You posted utter garbage because you are parroting wrong things you don't understand and got spanked for it.

Get over it, it happens all the time.

Meltdown Melly yet again.

Interesting.