I remember on skyscrapercity forum years ago when the Gulf Arab countries and Chinese cities were undergoing a skyscrapers boom, the Eurotards and Muricans were complaining these constructions have no character or culture while their own outdated skyscrapers were the real shit. "No matter how much you develop, we will always be better". The insecurity is real.
I was not there for the skyscraper boon but I was there for the high-speed railroads, large infrastructures, bridges, and BRI boon. And I clearly remember their mass copium which still exists to this day. To ask for their acknowledgment is no different than to be as delusional as them. It can be 10 years from today and they will still be the same. And if you want to see where their favors get you, just look at south korea and japan.
Not sure if you are trying to kill us with laughter at this point, it’s like you have no concept of the idea that sometimes when the problems have stacked up to a point, no amount of these small scale solutions or sleight of hand or money printing by the Fed is going to solve a problem that is literally systemic in nature where everything is falling apart. Money can be created but if the people that the money they try to exchanges for goods decide that they don’t want dollars ever again, no matter how much dollars are printed out, it’s ultimate worth will ultimately be the equivalent of toilet paper.
The Fed is literally tightening monetary policy, not “money printing”. Headlines present small problems in very dramatic fashion when in the end, they’ve been small problems that have broadly existed in many forms or another for decades (generally in bigger magnitude prior)
Yes: and the U.S. economy is hyper productive with all kinds of manufactured goods and services that people want to buy from bulk agricultural commodities to operating systems to database management systems to cloud computing systems to CPUs and GPUs and aircraft engines to higher education and hospital care and specialty chemicals and LNG and F-35s and medical devices and pharmaceutical drugs and biologic drugs and scanning electron microscopes and vaccines and large language models and teslas and so much more. US inflation is also at 2-3% on a y/y basis with rates at 5% and housing construction booming. Monetary policy and the Fed are quickly fading into their historic position as a sleepy corner of macroeconomics and finance
Inflation is like a disease that is difficult to get rid off, there is only two ways to reduced it one is increasing the supply of goods, maybe reducing tariffs and allowing more imports from China. The other is more painful and is reducing the demand, by virtually inducing a recession that significantly reduce the demand but that will only works if the supply of goods stay the same, if US politicians are stupid enough to increase tariff on imported goods or if there is any supply shock, inflation could remain high even with lower demand, is what is called stagflation.The Fed can't increase money supply without restriction because of the risks of hyperinflation and the debasement of USD.
Huge shift of opinions in the Islamic Indonesia and Malaysia - the Gaza effect?
No doubt about it. Filipino journalist Herman Tiu Laurel: the US can't win a war against China, their goal is to depress China and Asia's GDP by 30%.
The Economist, the shining beacon of gaslighting.
There's actually a pair of earthquakes in quick succession, both at M7.5 and M7.4 respectively.
That kind of mindset is precisely what drives one into their doom. By convincing themselves that they'll always be the greatest, they actually lower their guard and let others surpass them to the point that they are no longer competitive. Then, instead of attempting to fix this core issue, they delude themselves with past glories to cope with the current stagnation and decline.
