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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

#241

Post by Mountain_Skies »

Rapzid wrote: post #227
pdonis wrote: post #179

Earlier quoted context omitted.

By "our government" do you just mean the Federal government? Or do you mean all levels of government? The mayor of New Orleans had parking lots full of empty school buses and claimed he had no way to evacuate citizens. The governor of Louisiana whined and wrung her hands instead of doing anything. The Federal response was far from perfect but it was much more effective than the state or local response.

> parking lots full of empty school buses and claimed he had no way to evacuate citizens That just sounds like a sensational headline lacking in context and details. For example, with Hurricane Harvey in Houston they had to weigh calling mass evacuation against the ability of the road system to handle that much traffic. It doesn't matter how many buses you have in a parking lot if they can't leave the city. I'm not s…

A teenager stole one of those buses, drove it around his neighborhood, picking up people who had no way to evacuate, and then drove them out of town. He was legally in the wrong on many accounts but from a practical point of view, he did what needed to be done to save at least one bus load of people.

The federal response should have been just that, a response afterwards. The efforts before Katrina hit should have been mostly the responsibility of the local and state governments with the feds helping out with the logistics of the evacuees once they were out of the path of the storm.

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

#242

Post by lonelappde »

Fjolsvith wrote: post #217
BurningFrog wrote: post #158

Earlier quoted context omitted.

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

You might be surprised to learn why there's excess housing. Young men who are courting a lady need two or three houses to have any chance of winning her hand: Why 50 Million Chinese Homes are Empty - https://www.youtube.com/watch?v=f5SE47Xjx2Q&t=2s

That's a gross misrepresentation. China has a female shortage, so some males will not get mates, regardless of how much housing is built. The extra houses aren't convincing women to turn from lesbian/asexual to heterosexual.

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

#243

Post by jariel »

JohnJamesRambo wrote: post #161
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.

Katrina was when I realized how silly it is to think our government would ever deal effectively with a major disaster and how vulnerable we are.

"Katrina was when I realized how silly it is to think our government would ever deal effectively with a major disaster"

It's funny because the very idea that 'the government will save us from a big disaster' is a fairly new concept.

Some governments are 'kind of' prepared for some kinds of problems - i.e. the Swiss are prepared for some kinds of invasions, surely the Dutch have preparations for floods.

But for unforeseen disasters (the levy breach in New Orleans), it's harder and we're mostly on our own.

New Orleans is also very poor and is socially dysfunctional along a whole other set of vectors, I'll bet $100 it's pretty correlated with dealing with disaster. If it were some well run mid-sized city in New England it would have been another story. (Plus the possibility of racism which is to vague to consider in a paragraph).

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

#244

Post by mrtweetyhack »

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.

Tell him to stay in China where he belongs

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

#245

Post by ptx »

londons_explore wrote: post #36
jmnicolas wrote: post #16

Earlier quoted context omitted.

I wouldn't travel to China now, but I wouldn't hesitate to travel anywhere else in the world (I'll gladly accept any donations to prove my point ;-)

I'd even happily travel to china. My worry would be the risk of being stuck somewhere when my planned transport is cancelled rather than being infected and dying. 300 deaths out of over a billion people is nothing.

A billion people is only 2^30.

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

#246

Post by baybal2 »

echelon wrote: post #233
baybal2 wrote: post #215

Earlier quoted context omitted.

This might be similar, but I see zero chance of Xi's power taking a hit. For as long as party's institutes are intact, he will be there. Some people began to speculate that Xi wasn't seen for the last 3 days, and sudden activity of "party elders," but I bet this is just an enormous amounts of wishful thinking showing up. Xi's "system" has an expiration date attached, but it's not tomorrow. Following on that Gorbachev…

How stable is the power that Xi has consolidated? How would the party and the public respond if there were leaks about his private life and behavior? I wonder what his skeletons in the closet are... I've also wondered how receptive the Chinese people would be to a series of documentaries or dramas that point out the inequality and unfairness in their system. A film that highlights how the government treats humans and…

> How stable is the power that Xi has consolidated?

Very stable. Basically nothing besides something coming from withing the party itself can shake him, and he took down all of those threats to him from within the party. Not even Mao ever managed to cleanse all of his detractors from the party up until his death.

Saying this, you should not be confusing that "people are throwing looks into his back," and quiet whispers of dissatisfaction with genuine resistance.

> How would the party and the public respond if there were leaks about his private life and behavior? I wonder what his skeletons in the closet are...

If you can write Chinese, google those skeletons, they are up to everybody to see. Even taxi drivers here know of Xi's billionaire sister, but... taxi drivers and other general public can't do anything about that.

> I've also wondered how receptive the Chinese people would be to a series of documentaries or dramas that point out the inequality and unfairness in their system.

People can see that every day out of their windows, not TVs. They don't need to watch any documentaries to know that.

There is the reason people use name of Dong Zhuo as an euphemism for Xi. Take a look at this video, the scene from Chang An says it all about the current political atmosphere in CPC https://www.youtube.com/watch?v=jj_VMvsG7G0

Commoners resent him for disturbing a relative peace of Hu's years that they were just getting taste of, by starting a new political upheaval. CPC elders do not only see him as a threat to Jiang, but they clearly think that they themselves are his next target. His unilateral ambitions on the international stage are no match for the discontent world. And yes, the rank and file ordinary officials can't be more freaked out now.

However... you also don't forget when Xi was thought to stand for reforms, it were the masses themselves who invited his ambitions to move on the supreme power. And that those who were benefiting from status quo were hit by that the most.

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

#247

Post by yibg »

lbeltrame wrote: post #176
yibg wrote: post #156

Earlier quoted context omitted.

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.

The problem is that, as far as the currently available information shows, at first the Party tried to keep things quiet, until they just couldn't. I have a hard time imagninig something like this happening in many Western countries. It might happen, but in my view it's far more unlikely.

At this point it’s undeniable that the government tried to keep things quiet in the beginning and that’s not a good thing. But slow reaction to new diseases isn’t uncommon. I recall when mad cow was going around a while ago the reaction in Canada was slow as well. The desire to down play things happen at multiple levels of an organization for all sorts of reasons.

I’m not dismissing the initial attempt at cover up here and the Chinese government should seriously examine their priorities. I just think it’s a bit of an exaggeration to link this event to causing a “big disaster for whole human society”.

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

#248

Post by pdonis »

Rapzid wrote: post #227
pdonis wrote: post #179

Earlier quoted context omitted.

By "our government" do you just mean the Federal government? Or do you mean all levels of government? The mayor of New Orleans had parking lots full of empty school buses and claimed he had no way to evacuate citizens. The governor of Louisiana whined and wrung her hands instead of doing anything. The Federal response was far from perfect but it was much more effective than the state or local response.

> parking lots full of empty school buses and claimed he had no way to evacuate citizens That just sounds like a sensational headline lacking in context and details. For example, with Hurricane Harvey in Houston they had to weigh calling mass evacuation against the ability of the road system to handle that much traffic. It doesn't matter how many buses you have in a parking lot if they can't leave the city. I'm not s…

> That just sounds like a sensational headline lacking in context and details.

It was well documented by multiple investigations after the fact.

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

#249

Post by cstejerean »

ericb wrote: post #171
thebigspacefuck wrote: post #127

Earlier quoted context omitted.

If you look at the case study of the first patient in the US from New England Journal of Medicine the patient didn’t get to a poor condition until day 11 of the illness https://www.nejm.org/doi/full/10.1056/NEJMoa2001191 at which point they tried an experimental antiviral and he recovered. 11 days ago, there were 527 cases. Patient in study didn’t come in until 2 days after having the sickness so if you look at -9 da…

Keep in mind, this is a self-selected group of people. There could be 10x more asymptomatic, or low impact cases who thought they had the flu, but didn't feel bad enough to go to the hospital. Imagine if I tried to capture the survival rate of the flu, but chose my population of patients from the ICU. Would the numbers be right? I think this is born out by the really small number of children showing up in the mortali…

There could also be many X more cases that haven’t been confirmed because they can’t get access to transportation to a hospital, or because the hospitals are overwhelmed, or because they are running low on test kits or behind the schedule on testing. I wouldn’t assume that the unreported numbers are strictly positive.

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

#250

Post by leftyted »

siracusa23 wrote: post #198
grecy wrote: post #183

[flagged]

I lived under the USSR, American and European propaganda machine, they are all the same. You get tired of them as you get to my age. I'm pretty sure that rayiner's comment exists mirrored on a random Chinese forum. Someone being offended by a comparison of China and US (implying China is better). We're all the same.

No they aren't the same. The Americans and the Europeans didn't have a gulag. The Chinese are "reeducating" millions of people right now.

I hope when I get to your age I don't magically forget that slavery and concentration camps are bad.

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