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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

#551

Post by pertymcpert »

unlinked_dll wrote: post #338
pertymcpert wrote: post #332

Earlier quoted context omitted.

You think a $600 phone every 2 years is a big purchase? People used to buy desktop computers every few years, now they don’t. The mobile phone generates such a great improvement in efficiency (no more getting lost, always available GPS), instant information access (no need to go to a library or spend time finding it in leaflets/books/traditional sources). $600 every 2 years is an absolute steal for the most economica…

If you don't make enough money to have any savings, any purchase of $600 at any time is "big." Like yea I can afford it because I make 3x what my friends and family do outside the Bay Area tech bubble, but I don't pretend that I'm not special because throwing a few hundred around doesn't cause me any stress about next month's rent, or credit card, or car payment, or health insurance bill.

So is paying for food and rent. You have to balance the alternatives of not paying. Not having a capable smartphone in today's world will cost you far more than the price of the device.

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

#552

Post by ineedasername »

ineedasername wrote: post #536
JMTQp8lwXL wrote: post #493

Earlier quoted context omitted.

Stated with a western perspective here, but I wouldn't be surprised if anybody who lived under an oppressive regime would openly admit they fear it, for fear of the repercussion. Can you meaningfully distinguish those who genuinely don't feel any fear (because they're bold, or ignorant, or possibly both), and those who superficially state they don't fear their government?

A U.S. citizen that migrated from China has very little reason to self-censor or dissemble on this topic. After encountering this beguiling attitude in conversations with others, I sought out such a person, an acquaintance who was a Professor of linguistics, who became a U.S. citizen decades earlier and still had close contact. He confirmed it all. This topic has also been a minor obsession for me, and the reading I'…

I think HN would be a more productive environment if downvoting required a responding comment to address the disagreement. In this case, I provide detailed personal experience with individuals that confirm the points I'm making, and it's downvoted. Certainly improper, unproductive, snarky, flame-ish comments are often downvoted, but all too often I see comments downvoted that are simply making reasonable points that someone finds convenient to ignore and downvoted rather than engage in meaningful discussion. I would implorer readers to always downvote and respond when they disagree, and only blindly downvote when the content is in some way counter to the community guidelines. And heck, even then a brief explanation would sometimes be useful to help the commenter understand where they went wrong.

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

#553

Post by Ill_ban_myself »

bane wrote: post #511
edoceo wrote: post #395

Earlier quoted context omitted.

Hukou, new word for me, https://en.m.wikipedia.org/wiki/Hukou - short answer is like a household registration, social, caste like thing.

It's your official place of residence paperwork. It can be used to limit internal migration as many official government activities like voting or paying taxes or whatever have to be done in the area for which your hukou is for. Housing is also suppose to verify you have a hukou for the place you are trying to buy/rent....that sort of thing.

In the west the idea of a hukou has been used by kings, lords, police, governments big and small of all kinds for more than 1000 years.

It’s not a new idea it is one that I think most western countries would say, “we tried it and it failed.”

For me it brings to mind racism, slavery, a good excuse for genocide.

In the west the idea of hukou isn’t “foreign” it is too familiar and ugly. Like an alcoholic father you have left behind.

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

#554

Post by pmorici »

Tepix wrote: post #530
pmorici wrote: post #189

Earlier quoted context omitted.

The parent is wrong. I understand why they might think that since the popular media is spreading misinformation by writing stories to discourage people from hording masks and in the process saying they aren't effective but that is false. The masks aren't a fool proof solution by themselves but in conjunction with other common sense hygiene they do reduce risk greatly.

Source?

See my other comments for a fuller explanation but source is...

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4868605/

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

#555

Post by krageon »

Ill_ban_myself wrote: post #553
bane wrote: post #511

Earlier quoted context omitted.

It's your official place of residence paperwork. It can be used to limit internal migration as many official government activities like voting or paying taxes or whatever have to be done in the area for which your hukou is for. Housing is also suppose to verify you have a hukou for the place you are trying to buy/rent....that sort of thing.

In the west the idea of a hukou has been used by kings, lords, police, governments big and small of all kinds for more than 1000 years. It’s not a new idea it is one that I think most western countries would say, “we tried it and it failed.” For me it brings to mind racism, slavery, a good excuse for genocide. In the west the idea of hukou isn’t “foreign” it is too familiar and ugly. Like an alcoholic father you have…

There really is no call for this sort of vitriol, especially when it isn't really paired with any information that we might learn from what you said. If you gave some actually tangible examples, perhaps this anger could at least be intellectually interesting.

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

#556

Post by krageon »

toomuchtodo wrote: post #107
capableweb wrote: post #64

Earlier quoted context omitted.

I see. So you wouldn't literally "stuck" right? You can still go out, it's not like martial law or something like that.

I would not be surprised how quickly things might turn from "mandatory home quarantine strongly recommended" to "mandatory home quarantine enforced by military force". This is China after all. If you decide to stay, be prepared.

At this point this is just vacuous propaganda being repeated while adding very little of value. Give us some examples, why do you think this? While you are reconsidering your message, perhaps you can recognise why repeating the ideological messages of your own government overseas might not be the right move for humanity as a whole.

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

#557

Post by toomuchtodo »

krageon wrote: post #556
toomuchtodo wrote: post #107

Earlier quoted context omitted.

I would not be surprised how quickly things might turn from "mandatory home quarantine strongly recommended" to "mandatory home quarantine enforced by military force". This is China after all. If you decide to stay, be prepared.

At this point this is just vacuous propaganda being repeated while adding very little of value. Give us some examples, why do you think this? While you are reconsidering your message, perhaps you can recognise why repeating the ideological messages of your own government overseas might not be the right move for humanity as a whole.

https://en.wikipedia.org/wiki/Xinjiang_re-education_camps

https://asia.nikkei.com/Editor-s-Picks/China-up-close/Martia...

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

#558

Post by Ill_ban_myself »

krageon wrote: post #555
Ill_ban_myself wrote: post #553

Earlier quoted context omitted.

In the west the idea of a hukou has been used by kings, lords, police, governments big and small of all kinds for more than 1000 years. It’s not a new idea it is one that I think most western countries would say, “we tried it and it failed.” For me it brings to mind racism, slavery, a good excuse for genocide. In the west the idea of hukou isn’t “foreign” it is too familiar and ugly. Like an alcoholic father you have…

There really is no call for this sort of vitriol, especially when it isn't really paired with any information that we might learn from what you said. If you gave some actually tangible examples, perhaps this anger could at least be intellectually interesting.

I'm not angry. As they say in America, "I have no dog in this fight."

It does not bother me in any way that the government in China gets to decide whether and where people can travel or work or live.

I'm glad they don't do it where I live, but I am sure the average Chinese citizen is glad they don't have to suffer many indignities and strange quirks of western life.

I cannot, for instance, let my child play with a water gun at the public park for fear he will be shot and killed by a police officer. I do not need to pretend that's unquestionably good. It is certainly not the way I would prefer to live. It is just a fact of life.

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

#559

Post by eru »

bitxbit wrote: post #14

They already extended the holidays and I know a lot of manufacturers rely on pre and post Lunar production cycles. We are going to find out what happens when China goes offline which is not going to be pretty. I fully expect some products to run short and prices to double within days. I also think the Chinese govt is trying to throw money at this problem. They got caught mismanaging the epidemic and injecting money i…

> [...] and injecting money into the market isn’t going to calm public panic. It will do the exact opposite.

Do you still think so, ten days later?

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

#560

Post by staplers »

QuesnayJr wrote: post #124
staplers wrote: post #56

Earlier quoted context omitted.

Because natural resources are finite. If you don't understand why runaway inflation is bad then you'll need to educate yourself.

Runaway inflation is bad, but in a recession we're not employing the resources we have -- that's why people are unemployed.

Ah yes the great recession of 2020, record high markets, record low unemployment..
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