P!
Given China’s huge military and the obviously bellicose and confrontational nature of its leaders, I’m not really sure a vast national depression would be a good thing....
And then there’s the fact that they hold zillions of dollars in T-bills...
The communist party in China has been privately very worried for years that this boom will end in a crash that will sweep them out of power. They cannot be exited about the Brexit and other decentralization movements.
Too bad Saudi Arabia won’t experience this first.
I work for a company that the Chinese bought in March 2016.
We are already not paying our suppliers.
They just need to make more pig iron in backyard smelters.
Then China will revert back to Maoism.
That really can’t be true because as everyone knows, Chinks are the smartest people in the world. If there is an economic depression in China, it must be due to the same root cause that keeps all these high-SAT scorers out of Harvard: racist white man.
“Economists” have predicted 327 of the last 7 recessions and 53 of the last 2 depressions.
My question for the Economist - exactly who is going to cause this Bank Run, Depression, or panic in China?
Speculators? Short-sellers? George Soros? Wall Street? Currency traders?
Sorry - the Chinese Gov’t, run by the Communist Party, will allow none of them to crash the system. The Communist Party has its members and control in every single financial organization of any consequence in China. They have complete control, and no one is going to behave badly.
If China goes depression then the rest of the world will also. The economies of the nations are far too intertwined now. It will be like dominoes falling.
their economy is as solid as Cuba’s or Venezuela’s.
If so, will the communism be pulled tighter and capitalism blamed by their dictators...and, will 0bama blame their free markets?
-—The government is allowing speculation-—
or in different words, the government is allowing gambling
why piddle with mah jong when you can piddle big time with stocks
I think a few hundred targeted executions of “bloodsuckers” and “economic wreckers” will quickly stop or slow the predicted crash.
Wait I am confused. The economic Free Trader geniuses on Free Republic and their kindred folks on Fox Business News keep telling us Smoot-Hawley tariffs caused the great Depression. /sarc