We’ve been propping up China ever since Tricky Dick Nixon started making deals with them. Hard to see how this can go on much longer.
Of course, Trump will get the blame if there’s giant crash.
Don’t wars start over stuff like this?
From what I understand (limited as it is), the Fed has to tighten upon money to unwind all of the leverage from supporting effectively negative interest rates for years of propping up O-bozo. Now that The Donald has real growth going, the Fed has their opening.
Meanwhile, I am guessing that the POTUS, unlike his Libtard foes who think he is stupid, understands that China has fiscal feet of clay.
We have lots of people who do nothing all day but think about money.
Very interesting; thanks for posting this article!
China collapsing will not hurt the US economy. We will survive without the paltry exports to the Communist country.
So what are the consequences for us in the US?
China also just lost Brazil in the geo political scheme of things. Im not tired of WINNING.
Much of those ghost town buildings built just a few years ago, are crumbling and breaking down.
They were built very poorly and cheaply, and now they are literally falling apart
They cannot afford to pay to prop up their inflated yuan. Trump nailed them but the valuation of the yuan has been a sort point with the USG since the nineties.
this story is misleading.
China has an easy way out.
anybody holding the Yuan will lose
In sum: China’s huge growth has justified it’s debt. That growth is slowing, and Trump is hitting it hard with his tariffs.
BTW: China insists that it’s infrastructure projects in other countries be paid for in US dollars.
Haven’t heard this one for what 2 or 3 days?
And yet China is expanding their navy, taking over and building islands out in the sea, and buying massive shares of Venezuelan crude. What could go wrong?
Not mentioned is China’s significant military budget.