This much is true. But I think he did a good job debunking Zeihan in this case.
Chinese Economics Thread
- Thread starter Norfolk
- Start date
Haven't watched the video and don't plan to.
Did he pull out the usual "widespread collapse is exaggerated, instead China is heading for stagnation" cope?
It's just WWE for propagandists posing as strategists. Real strategists make bank with long hours and NDAs that don't allow them to run YouTube channels and social media. The irony is that successful propagandists on YouTube/TikTok can make 1 to 2 orders of magnitude more money posing as strategists than real strategists can make in their day jobs.
I skimmed through it, yup.
Thanks for confirming my suspicions. Just WWE for propagandists.
This is non-news to me. Economic activity fluctuates for a myriad of different reasons. This is just over-interpretation of a single data point, extrapolated to mean something much greater than the data alone suggests. Not to mention Bloomberg is almost entirely propaganda. If you're getting literally any kind of news from Western and vassal media, you're getting 99.99% propaganda and 0.001% actual news.
Most countries especially those export oriented aren't doing so well in PMI due to the economy slowdown in the West. It is just that when Chinese number is not as rosy, MSM such as Bloomberg tries to depict like the end of the world. Just look at German PMI, that is truly catastrophic.
PMI readings for Japan and South Korea remained mired in contraction at 48.7 and 49.8, respectively, little changed from the prior month. A reading above 50 indicates an expansion in activity, while anything below suggests contraction.
The HCOB Global Purchasing Managers' Index (PMI) for Italian manufacturing came in at 46.8, up from 45.4 in August but still well below the 50 mark that separates growth from contraction.
The HCOB final Purchasing Managers' Index (PMI) for manufacturing rose to 39.6 in September from 39.1 in August, below the 39.8 of the flash estimate and still far below the 50 level separating growth from contraction.
PiSigma
"the engineer"
National holidays. Literally mid autumn and national day was together, the entire country was off for over a week.