Central Banks Are Working to Extend Bull Run Cycle, Says Wells Fargo’s Pacquement

The video discusses the 10-year anniversary of the SNP crisis low and the potential for a 20% market drawdown. It explores the role of central banks, including the Fed, ECB, and China's central bank, in extending economic cycles and managing volatility. The discussion highlights the importance of central banks' actions in preventing recessions, with a focus on China's monetary and fiscal policies, such as reserve requirement cuts and tax reductions, to stimulate the economy.

What does the term 'dry powder' refer to in the context of economic policy?

What actions have the Chinese authorities taken to stimulate their economy?