...and every stock index loves it when a major central bank moves to the left... But nothing gets them more stoked than rate cuts and the possibility of more QE.
There is no hiding anymore, the United States has become an oligarch owned banana republic with nukes, and with a monopoly currency which has allowed it to rig the markets for half a century... but now it's midnight in America.
Missing expectations of 6.2%, China's economy grew at only 6.1% in 2019 (low end of the official target range) and the weakest annual; growth since 1990...
We can see the ongoing importance of the petrodollar in US foreign policy which had continued to antagonize and threaten any major oil-exporting state that moves toward ending its reliance on dollars...
"The Treasury Department appreciates the input of market participants, including the Treasury Borrowing Advisory Committee and primary dealers, for their contributions to Treasury’s decision to launch a 20-year bond."