The economy is going to collapse,’ says Wall Street veteran Novogratz.

The economy has already collapsed, but the collapse has been papered over with massive dollar making.

Buckle Up Fuckers, this son of a bitch is going down.
 
Primavera said:
Tell that to the oppressed people in Hong Kong!!!
Click to expand...

Boy those are some idiots....I said way back before handover that there was no way that China would stick to the deal, and that the West would do nothing about it....it was obvious.

But Hong Kongers refused to track with reality.

Now they get what they get.
 
Primavera said:
Tell that to the oppressed people in Hong Kong!!!
Click to expand...
and no doubt Taiwan soon.. China launched a carrier today with Electromagnetic Aircraft Launch System
https://en.wikipedia.org/wiki/Electromagnetic_Aircraft_Launch_System

This is the 3rd carrier in like 4 years.
It's not as sophisticated as ours, but it's stealth ( as much as a carrier can be stealth)
and they are building lots more fleet.

I'ne heard 2027 is the target date for Xi to move on Taiwan, and by then he'd have the most powerful navy
in the Pacific -at least western PAcific
 
Hawkeye10 said:
They have competent political leadership, we dont, they will adjust, we wont.
Click to expand...
they have an orderly society. In some ways Communism replaced Confucianism with it's emphasis on orderly population working at max social good. You do tow the line - no questions tolerated
 
dukkha said:
and no doubt Taiwan soon.. China launched a carrier today with Electromagnetic Aircraft Launch System
https://en.wikipedia.org/wiki/Electromagnetic_Aircraft_Launch_System

This is the 3rd carrier in like 4 years.
It's not as sophisticated as ours, but it's stealth ( as much as a carrier can be stealth)
and they are building lots more fleet.

I'ne heard 2027 is the target date for Xi to move on Taiwan, and by then he'd have the most powerful navy
in the Pacific -at least western PAcific
Click to expand...

Taiwan is only 100 miles from China, they don't need an aircraft carrier for that. If you want to stop China in its tracks then you have to ensure that they are denied hi-tech such as supplied by companies like TSMC and ASML. China would dearly love to get their hands on the emerging 2nm chip technology, they must be stopped at all costs.

https://news-static.webullfintech.c...rId=913323243&disSymbol=ASML&isSubsNews=false
 
dukkha said:
they have an orderly society. In some ways Communism replaced Confucianism with it's emphasis on orderly population working at max social good. You do tow the line - no questions tolerated
Click to expand...

All aligned in the same mission, Glory for China.
 
dukkha said:
they have an orderly society. In some ways Communism replaced Confucianism with it's emphasis on orderly population working at max social good. You do tow the line - no questions tolerated
Click to expand...

Watch how quickly that orderly society collapses once the following happens.

The Chinese economy – and the nation overall – is passing a series of inflection points. The most fundamental one is demographic: The Chinese population is on track for a steep decline. In other recent comments, Musk had warned about the impact of aging populations in the U.S. and Europe but the trend is far worse in China.

The most immediate inflection point is economic: China is now contracting. The country needs growth to retire monumental debt, however.

We start with the “relentless maker and breaker of civilisations,” demography. Demography will break China, which according to demographers from Xian Jiaotong University is slated to lose half its population in 45 years. At the end of this century, China could be about one-third as populous as it is now.

The country, therefore, faces the sharpest demographic decline in history in the absence of war or disease. Panicked efforts to avoid the decline—moving from a one-child policy in 2015 to a three-child policy in 2021, for instance—have proven unsuccessful in increasing birth rates

Such a precipitous fall means that, if China is going to pass America to reach the top spot, it will have to do so within, say, a decade before a falling population begins to undermine economic performance. In the next ten years, however, China’s economy is more likely to come apart.


It is already in distress. In April, the economy clearly contracted. Industrial output was down 2.9% from the same month last year. Retail sales were off 11.1%. New car sales plunged 47.6%.

Draconian lockdowns, the result of Beijing’s “dynamic zero-COVID” policy, have essentially brought much of the eastern portion of the country, the heart of the national economy, to a halt. China’s ports and airports are operating at far below capacity, and river and truck traffic is way down, about 40% off.

China cannot ship what it does not produce. Factories are either closed or struggling. Even politically favored companies have been hit hard. Tesla’s Gigafactory 3, in Shanghai, was closed for three weeks due to the COVID lockdown. Now, because of a lack of parts, it is running at only 45% capacity.

Beijing, by ditching misguided disease-control policies, can eventually reverse the economic damage. What it cannot do is escape the consequences of its unprecedented buildup of indebtedness. Nobody knows how much debt China has accumulated, but an estimate of 350% of annual gross domestic product sounds about right. Because of the infamous “hidden debt,” the number could even be higher.

Read more:
https://cuencahighlife.com/chinas-e...have-severe-impacts-on-the-rest-of-the-world/
 
Last edited:
Primavera said:
.
Veteran investor and bitcoin bull Michael Novogratz doesn’t have a rosy outlook on the economy, which he described as headed for a substantial downturn, with the likelihood of a “fast recession” on the horizon.

“The economy is going to collapse,” Novogratz told MarketWatch. “We are going to go into a really fast recession, and you can see that in lots of ways,” he said, in a Wednesday interview before the Federal Reserve decided to undertake its biggest interest-rate hike in nearly three decades.

“Housing is starting to roll over,” he said. “Inventories have exploded. There are layoffs in multiple industries, and the Fed is stuck,” he said, with a position of having to “hike [interest rates] until inflation rolls over.”

Central-bank policy makers agreed to deliver an unusual 0.75-percentage-point rate increase, concluding a closely watched two-day policy meeting with a move that would push the Fed’s benchmark federal-funds rate rising to a range between 1.5% and 1.75% as it steps up the effort to quell an inflation rate that is hovering around a 40-year high.

https://www.marketwatch.com/story/t...o-go-into-a-really-fast-recession-11655328960
Click to expand...

Actually, it would be great should the enemy against humanity as in the seditious repuke gutter rot and the un-American media sources collapse that are on the down low with other foreign and subhuman and barbaric creatures against global humanity all deserve to meet their fate with the wrath of the spirit of the God Almighty. Yet besides this bullshit collapsing crap, even the devil that owns the un-American repuke atrocity and tRump's ass and other global elements who are incapable of supporting or coexisting in a civilized society at selling their stinking hide out to the devil are not in control to the way global trends will proceed for a certain reason against mere and finite mortals, and even against a two bit and worthless gutter rat like you and your kind either. Therefore, consider some facts versus your trolling bullshit:

“For the first time in 20 years, our economy grew faster than China's,” the president said in a statement on GDP data in January. Measuring the fourth-quarter of last year compared with the same period of 2020, the US expanded 5.5% against China's 4%.May 19, 2022."

US Growth Seen Outpacing China’s for First Time Since 1976

https://www.bloomberg.com/news/arti...For the first time in,5.5% against China's 4%.
 
You must log in or register to reply here.
Back
Top