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If you happened to miss today's Webinar on CRE and the possible dangers from it, you can still watch the replay. Follow the link below. https://event.webinarjam.com/go/replay/23/1ym21crukhgh4 Chinese "banks" opted for an unusually large cut to China's benchmark 5-year Loan Prime Rate. In truth, that appears at the behest of Beijing where authorities are becoming increasingly desperate. Nothing they are doing is working - and Chinese banks know it. China has a growing bank problem on its hands before any of its other major problems. Eurodollar University's Money & Macro Analysis Bloomberg China’s Bold Mortgage Rate Cut Met With Lukewarm Reaction https://www.bloomberg.com/news/articles/2024-02-20/chinese-banks-cut-mortgage-reference-rate-by-most-on-record CNBC China boosts property funding with first cut in key loan rate since June https://www.cnbc.com/2024/02/20/china-cuts-benchmark-5-year-lending-rate-for-the-first-time-since-june.html Monetary policy shocks and the signaling channel of monetary policy in China https://www.sciencedirect.com/science/article/pii/S2666933123000047?ref=pdf_download&fr=RR-2&rr=85898a601dfcdb01 Bloomberg China’s Property Crisis Is Starting to Ripple Across the World https://www.bloomberg.com/news/articles/2024-02-09/china-s-real-estate-crisis-is-starting-to-ripple-across-the-world https://www.eurodollar.university Twitter: https://twitter.com/JeffSnider_EDU |