Chinese Economics Thread
- Thread starter Norfolk
- Start date
W
Well Brazil is kinda fucked with bolsonaro as a leader but since he is a trump shaft kisser, he deserves the pain her gets, though the people definitely do t deserve to suffer under him. In a sense, this will encourage the people to throw him out and vote a more sensible leader in so this may be good in the long run
This is a bit shocking to some, as even China's nominal GDP is overtaking.
AssassinsMace
Lieutenant General
It seems to be the plan the US has been employing is chipping away at China economic relation with the US and whatever countries dare to follow, not to isolate China, but to apply pressure to China so Beijing will yield. It's the same logic where Navarro thought no one would dare retaliate against US trade tariffs because the US was that important to other countries thus they will eventually give-in to US demands. Even though proven wrong, they don't want to let go believing they're that important to the world. Why would Mike Pompeo fly to the UK because China made threats to punish them for abandoning Huawei after US pressure? Did they think China was going to surrender from that kind of pressure but instead the British economic relation with China is now under threat? What did the British think was going to happen? And let's not forget how the EU is saying there might not be a deal over Brexit. The British are in a weaker position in dealing with the EU... Now Pompeo has to fly over and give support to the British... No need to if this was all the British owning their actions and accepting the consequences... How about Trudeau not showing up in Washington for the signing of NAFTA 2.0? Another Five Eyes member on the losing end because they were doing what the US wanted.
It's extremely difficult to predict these things because (among other things), you don't know what hidden rocks lie in your path. Covid-19 is a great example, and a huge wildcard, since it is acting like such a differentiator among countries. At first you might have thought China was going to have huge problems, but it very much looks like a V shaped recovery. Barring other mishaps, by the end of 2021, China will have made up for whatever was lost in the first quarter. The US, on the other hand, may end up paying for it's Coronavirus bungling with a prolonged recession.
The biggest wildcard in the next few years will be the value of the dollar. I had actually expected China to have surpassed the US already, but Obama pushed the dollar upwards (under Janet Yellen as head of the US Federal Reserve), and Trump inadvertently did as well by lowering business taxes. Currently, the dollar looks weak due to the basically wasted stimulus, and is starting to lose it's "safe haven" sheen.
As an aside, note that this projection is by Statista, the same outfit that produced this chart:
Honestly, Pompeo is a long term liability to any ally throughout the world given that he is forcing his allies to give up things for empty promises. I swear should the USA collapse and there allies as well, I wonder how Pompeo is going to lie his way out of essentially bankrupting everyone and his allies over his white pride
Hot money yes. If you see MSCI Brazil they are recovering fast.
It's extremely difficult to predict these things because (among other things), you don't know what hidden rocks lie in your path. Covid-19 is a great example, and a huge wildcard, since it is acting like such a differentiator among countries. At first you might have thought China was going to have huge problems, but it very much looks like a V shaped recovery. Barring other mishaps, by the end of 2021, China will have made up for whatever was lost in the first quarter. The US, on the other hand, may end up paying for it's Coronavirus bungling with a prolonged recession.
The biggest wildcard in the next few years will be the value of the dollar. I had actually expected China to have surpassed the US already, but Obama pushed the dollar upwards (under Janet Yellen as head of the US Federal Reserve), and Trump inadvertently did as well by lowering business taxes. Currently, the dollar looks weak due to the basically wasted stimulus, and is starting to lose it's "safe haven" sheen.
As an aside, note that this projection is by Statista, the same outfit that produced this chart:
The world should stand with US and allies to uphold USA national security interests, which underpin the true democratic spirit and freedom for humanity. Let us stand together against the evil practices of authoritarian regimes that are undermining our freedom based world order.
I can imagine him saying that.
hmmm, I can also imagine him saying that but shit like this is really starting to sound like a juke box that won't shut up until you take a hammer to it. Really, if China is truly a nation that is that bad, the people there would have revolted about now since there are far more of them then the CCP party members but since the government has done all they can in providing for the people, whether it is due to the virus or the recently flooding, I think China's government is much more trustworthy for there people (who are the only ones they should be caring for, not a bunch of complainers a few thousand miles away), then a bunch of people that are opening putting the economy ahead or innocent lives, I mean they are trying to get children killed for fucks sake (really Trump, sending children back to school in the middle of a pandemic, honestly). Now I am convinced that the USA citizens are either a bunch of cowards (those that don't agree with Trump and simply let him get away with things) or a bunch of idiots (those that are okay with their own children dying on there watch).
Also, nice chart, just goes to show that any information that comes out of the Statista isn't trust worthy given that for one of the most prepared country for an epidemic turn out to be the worst affected out of any country is simply an epic fail on a scale that make any other epic fail seem silly in comparison
