This week, Chinese policymakers fired a ''bazooka'' of stimulus measures to revive the economy.
But: is it really a bazooka? Will it be effective?
Let's unpack it together.
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BTC plunges, altcoins collapse. The election is favorable in the future, and investors are surprised by the plunge, why? What important information was ignored?

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Phyrex@Phyrex_Ni:
I don't know why it's falling, but there are indeed a number of unfavorable factors today, but these factors are not the key ones.
For example, the tech stocks' earnings reports are indeed not very good, even dragging down Nasdaq and S&P 500, and Coinbase's earnings report is very poor, plunging more than 15%, but MSTR only fell 1.15%...

With the election approaching, BTC plummeted by nearly 4000U, and altcoins collapsed. Why?

On the eve of the 16th anniversary of the Bitcoin whitepaper, CZ, who has been out of the spotlight for a while, stated that 2024 will be a "year of recovery".

BTC briefly fell below $69,000. Where is the promised new high?

The journey of escaping the trap, starting with the self-rescue of MEME.

What initially attracted me to the crypto circle was the story of Bitcoin's sudden wealth and the annual lament over the pizza day.

Once, as a staunch mainstream coin holder, I only used Binance and OKEx as my trading platforms, feeling comfortable under the big tree, believing that the coins bought on these platforms were reliable. Although I was not a full-time coin trader, I liked to follow the hot topics. By chance, I made some money on $Bome and $Pandora, and thought of myself as a genius trader.

But as time went on, the situation changed.

Whenever Bit...

Trading Record | The true story of how I changed my position Meme and achieved a profit of 400,000 US dollars in 2 weeks

The Chinese real estate market is de-leveraging very hard.
Economists estimate Chinese households have suffered $10+ trillion of wealth losses as a result.
There is now a strong urge to stop the bleeding.
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Chinese policymakers announced the following package:
A) More interest rate cuts
B) The Chinese version of the ''Fed put''
C) Vague wording about fiscal stimulus
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Interest rate cuts and the ''backstop'' facility are propping the Chinese stock market to the moon.
Yet they are very unlikely to work in a balance sheet recession.
In the 90s, Japan cut rates aggressively and that wasn't the solution to the problem.
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Fiscal is the only real fix, and here is why.
There have been 3 key phases of Chinese leverage:
1) Corporates (red)
2) Households (blue)
3) And now fiscal is the only solution (orange)
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Once the benefits of the WTO deal were exhausted, China needed leverage to achieve its 5% growth target.
By 2016, corporates were tapped out so they moved to households and generated a housing bubble.
They are now deflating that, and fiscal is the only fix.
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So while the ''bazooka'' has been excellent at restoring market confidence, there is only one real fix for the Chinese economy here.
It's a large, large fiscal stimulus package.
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