It’s a difficult setup right now. Markets should correct due to declining production; we should see inflation due to increased circulation. Thus, I’m investing in productive assets that have discretionary pricing power and shorting things inversely related to production. Very similar to bury except less of a bigtech fanboy.
I thought the play-up of "Evergrande" seemed strange.
That was to be expected as part of Cold War II rhetoric.
China is a centrally planned economy.
Although profoundly authoritarian, the economy is not as top-down as most people think. The policies that come out of Beijing can be met with counter-policies on the local level to allow needed economic flexibility.
It is not clear to me that they are going to "tank the (stock?) markets." To me it looks like they have been preparing people for years to blame AI for their UBI-dependent unemployment.
The narrative is that we won't need many workers because AI will do it all. The reality is that the plan is to sharply reduce the disposable income of most people. The job losses will be from almost nobody being able to afford anything and therefore limiting the opportunity to provide goods and services--which require labor--to those people. People ask why perfectly competent people in Africa make their money selling fruit by the side of the road. The answer is that fruit is the only thing their customers can afford to buy.
The aim is to create an unprecedented gap in wealth between the classes--virtually eliminating the middle class--to create a situation where people no longer have any political power. After that, you can deprive them of whatever you like.
It doesn't matter. The Chinese money they used to buy American bonds was all fake to being with. They can do that because in a dictatorship prices remain stable because the dictator sets the price. If they print a trillion dollars or 1000 trillion, the price of bread stays at 10¥.
You're overestimating the amount of control communists have over their economies. They've been blowing massive bubbles like everyone else and sooner or later reality will assert itself. CCP is playing with fire and may end up falling apart overnight like CCCP did.
Well, a war to avoid problems at home, history shows, is a common ploy.
Short treasuries. Not advice just an idea.
It’s a difficult setup right now. Markets should correct due to declining production; we should see inflation due to increased circulation. Thus, I’m investing in productive assets that have discretionary pricing power and shorting things inversely related to production. Very similar to bury except less of a bigtech fanboy.
Is it odd to anyone that the "Evergreen" thing happened on the spring equinox, then "Evergrande" thing at the autumn equinox ?
That was to be expected as part of Cold War II rhetoric.
Although profoundly authoritarian, the economy is not as top-down as most people think. The policies that come out of Beijing can be met with counter-policies on the local level to allow needed economic flexibility.
It is not clear to me that they are going to "tank the (stock?) markets." To me it looks like they have been preparing people for years to blame AI for their UBI-dependent unemployment.
The narrative is that we won't need many workers because AI will do it all. The reality is that the plan is to sharply reduce the disposable income of most people. The job losses will be from almost nobody being able to afford anything and therefore limiting the opportunity to provide goods and services--which require labor--to those people. People ask why perfectly competent people in Africa make their money selling fruit by the side of the road. The answer is that fruit is the only thing their customers can afford to buy.
The aim is to create an unprecedented gap in wealth between the classes--virtually eliminating the middle class--to create a situation where people no longer have any political power. After that, you can deprive them of whatever you like.
All the economic numbers that come out are from them, no? In which case, they can make things seem cheery and rosy no matter what.
Who holds our bonds which will become worthless? Oh.
Good thing we've conditioned our citizens to hold animosity towards the ones we're screwing over. Maybe they won't come to collect.
It doesn't matter. The Chinese money they used to buy American bonds was all fake to being with. They can do that because in a dictatorship prices remain stable because the dictator sets the price. If they print a trillion dollars or 1000 trillion, the price of bread stays at 10¥.
reads thread
Ah yes. Economy. Of course i know about economy. Why wouldn't i know about economy.
sweats nervously in unemployed for years, with no private or personal property except such bought with benefits
Halp plox.
We have no guns and we must fight - Germans
SadHansNoises
hoping for another buying opportunity like march 2020
You're overestimating the amount of control communists have over their economies. They've been blowing massive bubbles like everyone else and sooner or later reality will assert itself. CCP is playing with fire and may end up falling apart overnight like CCCP did.