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I expect prices to drop up to 15% and then to recover. Such trends to happen when prices are elastic, profits are high, and a new tax is enforced. I'm more int
by dleslie 10y ago
I expect prices to drop up to 15% and then to recover. Such trends to happen when prices are elastic, profits are high, and a new tax is enforced.
I'm more interested in the effects of the new monetary rules/enforcement that China has imposed on its citizens. Still, I remain steadfastly skeptical that the sky will fall.
- seanmcdirmid 10y agoNew rules were not technically imposed, just a tougher enforcement of older rules. Anyways, the next moves by he Chinese gov should happen post CNY, they've already ratcheted up interest rates a bit in a surprise move, they'll probably make other moves in the next couple of weeks after people start coming back to work.