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

reuters.com

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

#151

Post by BurningFrog »

prewett wrote: post #74
capableweb wrote: post #28

Earlier quoted context omitted.

> 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

No, literally a face mask, so that people know that you aren't going to give them the virus. I don't know if it's mandatory to wear a face mask. But it doesn't seem like it would be too different from what always happens in Chinese New Year in Beijing. All the shopkeepers aren't from Beijing originally, so they close shop for two weeks and go back to their hometown. There's pretty much no restaurants open, except may…

> All the shopkeepers aren't from Beijing originally

Why is that?

Are the native Beijingers to rich and fancy to run a shop?

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

#152

Post by c789a123 »

I have warned many times that CCP is an evil regime and will cause big disaster for whole human society. Whoever in the free world still trying to make some profits collaborating with CCP, just remember: dance with the devil, just wait for the music to stop.

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

#153

Post by agumonkey »

BurningFrog wrote: post #146
toyg wrote: post #130

Gorbachev used to say that Chernobyl was where the USSR really started to crumble. The disaster made clear how morally bankrupt and technically incompetent the system really was, wiping out any remaining goodwill or trust. Similarly, Katrina was where the semi-fascist US consensus under GW Bush went to pieces. I suspect China will experience a similar moment at some point. This might well be it.

This won't be it. For one thing, China is quite technically competent.

Current China is not the USSR for sure, still I wonder if this will not shift people away from cheap chinese products long term. You know with the end of globalization this might give a little more push towards local/safer productions.

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

#154

Post by ithinkinstereo »

toyg wrote: post #130

Gorbachev used to say that Chernobyl was where the USSR really started to crumble. The disaster made clear how morally bankrupt and technically incompetent the system really was, wiping out any remaining goodwill or trust. Similarly, Katrina was where the semi-fascist US consensus under GW Bush went to pieces. I suspect China will experience a similar moment at some point. This might well be it.

The comparison to 80s/late-90s USSR is poor. I think this epidemic is showing the opposite, at least in terms of technical competence. The response from the central authorities has been massive and relatively well executed.

The comparison is also off because the day-to-day living situation on the ground (for the average citizen) is totally different from _both_ a political and economic perspective.

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

#155

Post by mariushn »

pmorici wrote: post #144
throwawayhhakdl wrote: post #32

Earlier quoted context omitted.

The face masks aren’t especially effective for this disease

This is false. If used right along with other common sense measures like washing your hands regularly and not touching your eyes / nose / mouth they reduce your risk of catching and spreading infection. [0] [0] https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4868605/

https://www.livescience.com/face-mask-new-coronavirus.html

A regular surgical face mask doesn't protect.

A more specialized mask, known as an N95 respirator, can protect against the new coronavirus, also called 2019-nCoV. The respirator is thicker than a surgical mask

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

#156

Post by yibg »

c789a123 wrote: post #152

I have warned many times that CCP is an evil regime and will cause big disaster for whole human society. Whoever in the free world still trying to make some profits collaborating with CCP, just remember: dance with the devil, just wait for the music to stop.

While this might be true I’m not sure if we chalk this one up to the CCP. I mean it’s not like a viral epidemic can’t originate from other countries.

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

#157

Post by heymijo »

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.

Speaking of Hong Kong, what impact is this outbreak having on the conflict with Beijing?

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

#158

Post by BurningFrog »

notyourwork wrote: post #47
grey-area wrote: post #40

Earlier quoted context omitted.

The entire world has been doing it for the last decade, and there’s been another uptick recently. The US recently resumed buying treasuries. This is not isolated to China.

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

As a Californian, I would love if we were mismanaged in a way that produced excess housing!

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

#159

Post by ericb »

allovernow wrote: post #118
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

Thank you. I simply do not understand how calm and relaxed everyone is. The correct mortality rate is terrifying. People should be stocking up on more than just masks. I'm not trying to fearmonger and I realize this is potentially in the same league as screaming fire in a very crowded theater. But we all are aware of the numbers, and even ignoring the fact that they're underreported, the current correctly calculated…

I submitted an Ask: HN to propose designing an open source ventilator. It was invisi-modded.

From watching videos from inside wuhan, there seem to be hints that this thing is somewhat similar to the flu and I think it is possible, even likely, that there is a massive swath of unregistered infected, and the hospital based study is an extremely self selected group of people--as in there is a high mortality rate and ventilator usage among people who felt bad enough to check themselves in, and were bad enough to admit.

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

#160

Post by daenz »

ineedasername wrote: post #119
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.

Maybe outside of China we see it as "ruled by fear", but that's really not the case in China, at least for the majority: China doesn't try to make it's citizens afraid. Quite the opposite. Their modus operandi is "move along, nothing to see here, everything is fine." Indeed, that was their initial message to the public for this virus. So, the problem and partial cause of panic is when there is a problem that is very…

China is a place where you can be locked to a chair and interrogated by police for social media comments critical of the state. Don't try to tell me it isn't a government ruled through fear.

https://www.youtube.com/watch?v=K6uy12RpqQc

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