Could we be so lucky? Or unlucky?

Posted by $ blarman 1 month, 1 week ago to News
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If true, this could have tremendous implications for global economics. It might also be one of the underlying reasons for all of China's recent sabre-rattling.
SOURCE URL: https://www.dailywire.com/news/chinese-real-estate-collapse-throws-economy-into-crisis


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  • Posted by mccannon01 1 month ago
    Hmmm. China, a communist country, ventures into a capitalist real estate endeavor because the communist method didn't work and then screws it all up. Why is there any surprise here?

    Edit add: Our country seems to be doing the opposite. That is, a capitalist (mostly) country dabbling in communism and screwing it all up. A pattern here?
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  • Posted by freedomforall 1 month, 1 week ago
    Apparently the Party plans to support the market with 200 billion yuan ($30 billion.)
    If the problem is as bad as rumored, that sounds like a drop in the bucket.
    (Even the IRS got $80 billion in funding recently - although they are facing 300 million
    armed "customers", so that funding is as wasted as the arms left behind in Afghanistan.)
    https://www.zerohedge.com/markets/chi...
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  • Posted by $ AJAshinoff 1 month, 1 week ago
    Nothing so profitable as war. Culls the mouths to feed, boosts productivity and then you have to rebuild.

    We're certainly weak enough in every aspect to lose.
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  • Posted by Aeronca 1 month ago
    We're largely an interconnected society, so unfortunately when one country, say Chyna, pisses in someone else's backyard, say, the rest of the world, everyone suffers, including Chyna. Short term gains may be made but in the end we all suffer.
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