21 sats \ 3 replies \ @fm 6 Feb \ parent \ on: China staggers while another giant explodes econ
I also think they will be fine.. they have it all to recover Many small investors will lose some money.. But just like the PIGS here in EU when 2008 hit.. Difference is they have the numbers to recover
write
preview
0 sats \ 2 replies \ @TomK OP 6 Feb
The panic-like massive intervention of the CCP is sth I wouldn't underrate
reply
21 sats \ 1 reply \ @fm 6 Feb
i mean,
You know how FIAT works,
You delete some balances and ready to go.. When you have a massive productive laborforce, you can fix it.
This is why USA, Italy or Japan can have 200% of debt and not being shut off.. They have something to recover.. China has a lot of manpower.. And A LOT of US debt
reply
0 sats \ 0 replies \ @TomK OP 6 Feb
Absolutely. But I still have difficulties waghing the demographic effect. It looks like a collapse to me which could put massive deflationary pressure on the econ and credit (Japan?)
reply