Confucius say:
"He who relies most on making & selling discretionary goods during boom times suffer most when sour economy & stagnant and declining real wages lead to gloom times."
Bernanke, Kuroda-san, Draghi, the PBoC, and the rest of central banker wankers BROKE THE GLOBAL ECONOMY. Sit back & enjoy the fireworks to follow.
SO MANY people & entities paid way too much for mispriced assets over the last 5 years that it is positively EPIC.
And hundreds of massive, multinational corporations that invested TRILLIONS in China over the last 20 years in the form of plants, factories, R&D centers, and other caped begin to literally fret...
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Those who have been doing business with the Chinese are going to be really, really sorry.
I’m curious why China suddenly put the brakes on mailing goods, for many months it has taken weeks for goods to leave China.
We thought it had to do with lithium batteries, but it is way beyond that, order something from China, and it just sits, and sits, and sits, literally for weeks, before they let it go.
Little things are taking 45 and 55 days to get here.
Excellent — now keep their slave-labor garbage out of our country, or at least put on a tariff so heavy that the cost of buying them will be prohibitive. They’re wobbling. Let’s give them a little push.
I agree, but I would like to hear your reasons, if you don't mind. What do you think is going to happen?
Thanks for posting this article which I was able to read just before going to bed...which I will do reassured that the long awaited “readjustment” in the S&P will come soon.
Barry’s popularity could be heading for a major swoon if the big bubbles pop around the world at the same time.
Interesting and interesting comments there and here. Thanks.
Anybody but me noticing how China has been importing BIG quantities of critical wartime industry metals in the last 18 months or so?
From copper and aluminium to rare earths?
The article says Chinese Exports collapse... that means the stuff China exports to other countries. So China has a trade deficit now??? Is that possible?
The Chinese economy is now about fifteen times larger than it was when I started reading incessant reports that the Chinese economy would collapse. Eventually, China WILL have to hit a real recession (as opposed to slowing down to merely the growth rate America has only ever seen in one year (1984) since I’ve been alive). But will it become 1/15th its curent size? No way. Will it become 90% its current size? doubtfully.
To answer my own previous question: Yes, China actually has a trade DEFICIT.
I never buy Chinese stuff, if I can help it. It happens I got fooled because the goods origin is not displayed...