Susanlixxx
|
21-8-2023 20:40 |
Is there some bad debt that requires deleveraging? Yes. But the threat of collapse are overblown. China has the people and the industrial capability to produce. A lot of sources dragon926 cited are perpetual pessimists and I don’t like them. Roubini has been forecasting doom everywhere . His argument is “xyz is not perfect, therefore xyz is doomed”. But nothing is perfect. He has been predicting a depression in the USA. I just don’t like him and his type.
In the clickbait universe we live in , gloom and doom sells. All countries worked together to solve Covid. Despite all the arguing I think everyone did a great job. The problem is that economics is so complex that no one can guess what will happen tomorrow but as long as countries are trading, most folks should be okay.
I think we will go back to the time when the world believed in free trade and global suspicion will be a thing of the past.
PS:
Don’t worry twiceaweek , we will keep this about economics and won’t delve into politics of any sort. But thanks for the warning.
[ Last edited by Susanlixxx at 21-8-2023 22:06 ] | |
| Jade_moon |
22-8-2023 12:44 |
Acceptance +5 |
The world still trading except instead of one huge point of failure we break the manufacturing hub in to smaller hub. Mo ... |
All times are GMT+8, the time now is 22-11-2024 02:27
Disclaimer: This forum is operated as a real-time bulletin board system. 141CLUB.COM carries no legal liability on its contents. All messages are solely composed and up-loaded by readers and their opinions do not represent our stand. Readers are reminded that the contents on this forum may not convey reliable information thus it is readers' own responsibility to judge the validity, completeness and truthfulness of the messages. For messages related to medical, legal or investment issues, readers should always seek advice from professionals. Due to the limitation of the forum's real-time up-loading nature, 141CLUB.com is not able to monitor all the messages posted. Should readers find any problems regarding the messages, do contact us. 141CLUB.COM reserves the rights to delete or preserve any messages and reject anyone from joining this forum. 141CLUB.COM reserves all the legal rights.
