Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

China to inject $174B of liquidity on Monday as markets reopen

reuters.com

Post reply on HN
Print view View original

81–90 of 560 posts

Re: China to inject $174B of liquidity on Monday as markets reopen

#81

Post by aswanson »

pxue wrote: post #78
daenz wrote: post #31

Maybe this is demonstrates an immediate consequence of having a people (mainland China, not necessarily HK) that is governed primarily by fear: reactions of extreme subordination, which keep things running "smoothly" under normal conditions, can threaten the whole system to collapse under abnormal conditions.

That’s like saying Florida is governed by fear because ppl are leaving and bunkering down when news of a big hurricane hits. Come on.

Have you read any "Florida Man" headlines? Florida has no concept of fear.

Re: China to inject $174B of liquidity on Monday as markets reopen

#82

Post by user5994461 »

tempsy wrote: post #72
ttul wrote: post #8

A friend of mine is leaving HK today - he lives there, so this is not a casual trip abroad. He said the level of fear is making it impossible to live there as a single person. The shops and restaurants are closed. Even his own employer shut its doors indefinitely - and they’re just a video production company. The virus won’t be what ruins China. It’s the panic itself.

there's no way that's true in HK. there's images of people waiting in line to buy face masks.

It's all sold out as of yesterday.

If you bought a bunch before it was sold out. You can certainly resell some for a large multiple of what you bought them. Shops themselves started doubling price before they sold out.

edit: I am talking about face masks.

Re: China to inject $174B of liquidity on Monday as markets reopen

#83

Post by notyourwork »

grey-area wrote: post #65
notyourwork wrote: post #47

Earlier quoted context omitted.

My understanding was the US was not doing this to the extent China was. There construction projects to build ghost cities.

The article is about injecting liquidity into markets. The US has done a huge amount of this in the last decade, in fact almost every major power has. Here is the latest US resumption of buying their own debt: https://www.bloomberg.com/news/articles/2019-10-08/powell-sa... This has nothing to do with ghost cities (which can probably be blamed on bad central planning and an overheated property market in China).

I read the article. The topic of my comment was artificial market stimulation which can be done in multiple ways.

Re: China to inject $174B of liquidity on Monday as markets reopen

#84

Post by a_c »

capableweb wrote: post #28
seanmcdirmid wrote: post #25

Having lived in Beijing for 9 years, I’m glad I’m not there right now. Not because of a fear of getting sick, but of the sheer boredom of being stuck in my apartment, nowhere to eat, drink, or even walk without an appropriate face mask. Heck, even going to the office is probably off limits right now.

> being stuck in my apartment, nowhere to eat, drink, or even walk without an appropriate face mask As someone who never been there (or in China for that matter), is "face mask" a synonym for something or you mean literally a face mask? Don't think it's mandatory to wear face masks, just that a lot of people do it, right? If someone knows better, please correct me

Beijing is notorious for its air pollution. It is a literal mask AFAICT, to block off pollutants

Re: China to inject $174B of liquidity on Monday as markets reopen

#85

Post by moralestapia »

jmnicolas wrote: post #68
stapled_socks wrote: post #59

Earlier quoted context omitted.

My interpretation would be that the rate of survival is 53%; 348/(305+348). People don't die immediately, the ones currently infected can go either to the "Recovered" figure or the "Deaths" figure. From the link above: 14628 are currently infected(?) 305 were infected and died 348 were infected and recovered

If this thing was killing half of the infected persons there would already be much more deaths than there is now. Unless most the infections occurred very recently which is pretty unlikely. I think my 98% is probably a bit too optimistic, but your 53% is way beyond pessimistic.

>there would already be much more deaths than there is now

Why? People can be sick for quite some time (in this case, a month, maybe?) and then ultimately die from the disease, this is actually like ... the most common scenario ...

I have been unpleasantly surprised by how much people struggle to understand this simple concept. Recovered / (recovered+death) is how you do it. It's common sense, come on ...

Re: China to inject $174B of liquidity on Monday as markets reopen

#86

Post by tempsy »

user5994461 wrote: post #82
tempsy wrote: post #72

Earlier quoted context omitted.

there's no way that's true in HK. there's images of people waiting in line to buy face masks.

It's all sold out as of yesterday. If you bought a bunch before it was sold out. You can certainly resell some for a large multiple of what you bought them. Shops themselves started doubling price before they sold out. edit: I am talking about face masks.

I’m saying HK is not on mandatory lockdown. People are going outside and there are shops that are open. I’m sure there are some closures but it’s not government mandated.

Re: China to inject $174B of liquidity on Monday as markets reopen

#87

Post by stone-monkey »

adnzzzzZ wrote: post #77
cambalache wrote: post #66

Earlier quoted context omitted.

It seems to me that China can only make wrong in your eyes. If it takes time to act it is because the system causes this failure. If the government acts swiftly, it is because they are in panic. If it does not solve the situation, of course because they have a terrible oppressive culture. If the problem is fixed. Of course, because these are one of the few advantages of having an authoritarian system. No matter what…

This is the first comment I've made on this forum about China, so whoever you're speaking to is clearly not me but a collective "you" instead. Responding as myself, I simply added balance to the comment above me. Many people are making the exact same argument the person I responded to is making, and while that argument isn't false, it's clearly misleading. China does get credit for responding to the situation as they…

> However, we must remember that the situation would likely not have occurred in the first place if the people speaking out about it early on weren't punished, which wouldn't happen in most western countries as local governments have way less power and way less incentives to make that kind of thing happen.

I'm not saying the Chinese government doesn't have problems, nor am I saying free speech is bad, but I have no idea how you could come to this conclusion that free speech would somehow limit the spread of this disease. We have free speech in the US and that's literally led to the rise of anti inoculation advocacy.

Re: China to inject $174B of liquidity on Monday as markets reopen

#88

Post by chongli »

jmnicolas wrote: post #68
stapled_socks wrote: post #59

Earlier quoted context omitted.

My interpretation would be that the rate of survival is 53%; 348/(305+348). People don't die immediately, the ones currently infected can go either to the "Recovered" figure or the "Deaths" figure. From the link above: 14628 are currently infected(?) 305 were infected and died 348 were infected and recovered

If this thing was killing half of the infected persons there would already be much more deaths than there is now. Unless most the infections occurred very recently which is pretty unlikely. I think my 98% is probably a bit too optimistic, but your 53% is way beyond pessimistic.

The number of cases is growing exponentially. If it takes a few weeks for the disease to kill a person, then the low number of deaths relative to the number of infections is indicative of that lag time.

You might do better to compare the number of deaths to the number of infected from a few weeks ago, which was a much lower number than today.

Re: China to inject $174B of liquidity on Monday as markets reopen

#89

Post by [deleted] »

pxue wrote: post #78
daenz wrote: post #31

Maybe this is demonstrates an immediate consequence of having a people (mainland China, not necessarily HK) that is governed primarily by fear: reactions of extreme subordination, which keep things running "smoothly" under normal conditions, can threaten the whole system to collapse under abnormal conditions.

That’s like saying Florida is governed by fear because ppl are leaving and bunkering down when news of a big hurricane hits. Come on.

[deleted]

Re: China to inject $174B of liquidity on Monday as markets reopen

#90

Post by unforeseen9991 »

aswanson wrote: post #81
pxue wrote: post #78

Earlier quoted context omitted.

That’s like saying Florida is governed by fear because ppl are leaving and bunkering down when news of a big hurricane hits. Come on.

Have you read any "Florida Man" headlines? Florida has no concept of fear.

Yeah, but that's just due to the meth
Post reply on HN