Susanlixxx
|
21-8-2023 20:40 |
Is there some bad debt that requires deleveraging? Yes. But the threat of collapse are overblown. China has the people and the industrial capability to produce. A lot of sources dragon926 cited are perpetual pessimists and I don’t like them. Roubini has been forecasting doom everywhere . His argument is “xyz is not perfect, therefore xyz is doomed”. But nothing is perfect. He has been predicting a depression in the USA. I just don’t like him and his type.
In the clickbait universe we live in , gloom and doom sells. All countries worked together to solve Covid. Despite all the arguing I think everyone did a great job. The problem is that economics is so complex that no one can guess what will happen tomorrow but as long as countries are trading, most folks should be okay.
I think we will go back to the time when the world believed in free trade and global suspicion will be a thing of the past.
PS:
Don’t worry twiceaweek , we will keep this about economics and won’t delve into politics of any sort. But thanks for the warning.
[ Last edited by Susanlixxx at 21-8-2023 22:06 ] | |
| Jade_moon |
22-8-2023 12:44 |
Acceptance +5 |
The world still trading except instead of one huge point of failure we break the manufacturing hub in to smaller hub. Mo ... |
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