Posted on 09/06/2022 5:37:39 AM PDT by whyilovetexas111
To stimulate the economy, China’s regulators are forcing Chinese banks to meet high loan quotas.
To hit the difficult-to-attain targets, ingenious bankers are lending and simultaneously allowing borrowers to deposit identical amounts with their institutions at identical interest rates.
Companies no longer want money to launch new projects. Pessimism about the economy dominates thinking in Chinese boardrooms and throughout the rest of society.
The big story is not that the Chinese economy is falling apart.
(Excerpt) Read more at 19fortyfive.com ...
Gordon Chang is a China hater but if he’s right the Chicoms will take us down with them.
As much as I would like to believe it, Gordon Chang has no credibility. Nothing he predicts comes true.
How will they “take us down”?
“One Note Chang” is bound to be right sooner or later.
Sounds like the housing bubble in the US on steroids.
Japan was the same in the late 80s they were going to be THE super economy then 20 years of troubles. Charlie Munger says we are in for hard times but will get through it as always.
From last year...
https://californiaglobe.com/articles/us-pension-funds-lost-400-billion-on-china-investments-in-july/
CA, especially, is in for a world of hurt.
And you can bet that will passed along to federal taxpayers.
From last month...
We export so little to the China, mostly ag and retro grade trash, if it collapsed would we even feel it economically?
CALPERS? LOL!!! Screw them.
How do you say “I miss Hydroshock” in Cantonese?
Where’s the world’s strongest economy over the next ten years? Certainly not any western suicidal one. A food/energy export based Russian Federation? If the greeny globalists don’t take over the entire world, who will fill the void left by the greening of North American food and energy production?
...ingenious bankers are lending and simultaneously allowing borrowers to deposit identical amounts with their institutions at identical interest rates.
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Sounds like a zero sum game. I borrow $1M @ 6%, then deposit $1M @ 6%???
Walmart will go out of business.
How will they “take us down”?
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Financial “contagion” effect.
“As much as I would like to believe it, Gordon Chang has no credibility. Nothing he predicts comes true”
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That’s been what I’ve seen from him also. Who knows, given enough time one of his predictions may actually come true.
BS. The economic relationship with China is so one-sided in their favor if they collapse it would be good for us in the long run.
Doom and gloomer bump.
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