Zhang Ming, chief economist of Ping An Securities, pointed out that the large-scale monetary easing of the Federal Reserve helps to stabilize the financial market to some extent, but it is difficult to avoid the U.S. economy falling into recession. So far, the measures announced by the Federal Reserve can basically calm the liquidity shortage in the financial market and avoid the panic selling of assets and its negative impact caused by the lack of liquidity. However, the biggest difference between the global financial market turmoil and the subprime crisis in 2008 is that the cause of the turmoil is the impact of the epidemic on the real economy. Therefore, unless the U.S. government can issue strong enough policy measures to curb the spread of pneumonia in the United States, the Feds loose monetary policy alone will not be enough to calm the financial market turmoil.
No one wants to lose in the key night of the white heat! Boeing continues to rise. Now its up 35% to US $6 trillion. Its an unprecedented market. Its hard to find the bottom in the shock. Source: Wang Xiaowu, editor in charge of Finance and economics of Netease