Tepper says China's central bank exceeded expectations with unprecedented language about doing more stimulus.
“They exceeded expectations, and they promised to do more and more and more. Okay? And that's very strange language, especially for, you know, any central banker, but especially over there.”
Tepper notes China is lending money for stock buybacks with no-loss provisions, unprecedented for China.
“This is China. Alright? This is stock stock buybacks. Not only encouraging it, lending you money to do it.”
Tepper says Chinese central banker Pan Gongcheng exceeded expectations by promising to do more and more if needed.
“It's like, woah. Jovial saying we're gonna cut and we're gonna and we'll give you more. And he said, we'll do more and more if needed.”
Tepper says China is creating swap facilities to buy stocks as part of aggressive easing measures.
“And they're gonna be they're aggressive in how they're gonna do it, and they're they're also, believe this or not, swap facilities to buy stocks.”
Tepper describes China lending money for stock buybacks with no downside risk for borrowers.
“Not only encouraging it, lending you money to do it. And they're giving money like health money where you can put money out and you have no losses if you wanna do it.”