The more I analyze, the angrier I get! Watching Old Bao's moves really makes me furious. The economic data is a complete fog, and he admits he can't see clearly. The dot plot has become 'seeing flowers in the fog,' and yet we're still waiting!!! He keeps insisting we need to wait for more data. The impact of tariffs is obviously going to be passed on to consumers, prices are bound to rise, and he casually says 'the transmission is uncertain.'
What’s most disgusting is that he is blocking from both ends: 'Interest rates may drop soon, or they may not drop,' he’s right either way!!!!
Fitch has already slapped him in the face saying the finances are about to collapse, the deficits in social security and healthcare are going to crush us, and the Federal Reserve is pretending to 'be patient.' The common people’s wages can’t keep up with prices, mortgage payments are suffocating, and they’re fine sipping coffee discussing 'the health of the labor market, damn it! The economy is withering away, big brother!!!'
The market is eagerly anticipating rate cuts until their eyes turn green 👁, but the reality is they won’t get anything until 2025, do they really think the common people are fools? Old Bao just doesn’t dare take responsibility, dragging it out until the economy explodes on its own, and in the end, it's still the ordinary people who suffer. Rate cuts? Just wait for it!
I really shouldn’t worry! I’m living happily in China!! It’s just that my wallet is still decreasing by 0!