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11 sats \ 2 replies \ @TomK OP 27 Jun \ 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
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42 sats \ 1 reply \ @wingalt 27 Jun
Sounds like a very fiat thing to do, a bigger version to dig holes to fill them back up to ensure full employment
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11 sats \ 0 replies \ @TomK OP 27 Jun
That's their strategy... in the long we're all dead...
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