I have.
And how are the stock prices of Facebook and Twitter been doing this year? Not great. Terribly in fact.
Look, you can be a pro-china cheerleader all you want but no one in the world, including the Chinese, trust the Chinese government, less so after the last two years than in the last 40.
So who trusts the Dementia Joe US government who keep insisting inflation is ZERO even as inflation hits 40 year highs at 8.3% and furiously insists the borders are secure same time over 2 1/2 million illegals have rushed across the borders since Dementia Joe seized power?
That means no one will store their wealth their (required to become reserve currency) and US company outflows are already starting.
Except most Chinese and Chinese companies store their wealth in China.
Yup bad year but up huge vs 5 years ago. Chinese tech? Not so much - Alibaba for example is half the price it was in 2017.
So who trusts the Dementia Joe US government who keep insisting inflation is ZERO even as inflation hits 40 year highs at 8.3% and furiously insists the borders are secure same time over 2 1/2 million illegals have rushed across the borders since Dementia Joe seized power?
ANd yet, the policies the Chinese are doing are 10x worse and even less visibility into the truth.
Except most Chinese and Chinese companies store their wealth in China.
Due to strict restrictions on outflows on Chinese citizens. There are no inbound $, which is what is needed to become the reserve currency because no one trust the Chinese government, including the Chinese wealthy. They'd move nearly all their money out tomorrow if they were allowed to do so.