pull down to refresh

11 sats \ 2 replies \ @TomK OP 27 Jun 2024 \ parent \ on: China: Industrial Profits Rising, Real Estate Bubble To Be Inflated Again econ
they are blowing up entire cities to adjust capacities. then prices can recover and then the whole construction boom can start again. of course, the massive demographic correction in the country stands in the way of this
write
preview
42 sats \ 1 reply \ @galt 27 Jun 2024
Sounds like a very fiat thing to do, a bigger version to dig holes to fill them back up to ensure full employment
reply
11 sats \ 0 replies \ @TomK OP 27 Jun 2024
That's their strategy... in the long we're all dead...
reply