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Submission + - China: Reducing reserve ratio to loan more money? (

pointless_hack writes: "On Friday, May 12th, the Wall Street Journal announced that China will have access to the US Banking system in the capacity of lenders. -> I speculate that they will leverage a reserve ratio more generous than anything they enjoy at home in China. Meanwhile, back at the ranch, they are actually LOWERING THEIR OWN reserve ratio THE SAME DAY! -> (Reuters links go stale in two weeks so they can monetize.) This boggles my imagination for this reason: if I had $700 M_illion per year, of pure profit, to invest, I would need literally two $1 Million dollar investment opportunities EVERY DAY FOR A YEAR, to invest it all."
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China: Reducing reserve ratio to loan more money?

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Wasn't there something about a PASCAL programmer knowing the value of everything and the Wirth of nothing?