China In Economic Dire Straits - No Longer Able To Hide It

Nine_Ender · Apr 24, 2025 at 8:34 PM

pinabetal said:
Which Americans are very sad? I DON'T know any.
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Plenty. Do you think Michigan is happy seeing the US auto industry get decimated by the President ?

Nine_Ender · Apr 24, 2025 at 8:39 PM

deaddog said:
Why would they do that.
If there is a trade imbalance the it's obvious that the US needs the cheap shit more that China needs the services the US sells.
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Some of these "traders" have no clue how economics or trade works. Neither does Trump. This reminds me of 2009-2013 on here when "traders" floated all sorts of stupid theories about the economy to explain why the bull market was impossible and lows would be revisited.

deaddog · Apr 25, 2025 at 1:12 AM

pinabetal said:
I don't need the cheap sorry no good stuff. They will buckle or lose our market altogether. Ever since Nixon they been taking us to the cleaners in more ways than one and getting richer off us. Now it is our time.
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I didn't mean you specifically when I said the US. There are a lot of americans living from pay cheque to pay cheque who are going to suffer from the increased cost of living.

TheDawn · Apr 25, 2025 at 1:35 AM

MarkBrown said:

Official economic data from any government is always treated with suspicion by anyone with common sense. The US, for example, witnessed some of the most egregious statistical tinkering imaginable under the Biden Administration, not to mention outright lies and propaganda from the establishment media on the health of the economy. To this day no one has been fired (or tarred and feathered) for hiding the reality of the stagflation crisis. Any government or corporate economist that called the threat "transitory" should be stripped of their financial prestige and banished to a cash register at Arby's.

And let's not forget Biden's misrepresentation of the labor market, portraying millions of new jobs for illegal migrants and visa holders as if they were jobs benefiting American citizens. In the US and across the western world, lying about the economy is generally seen by politicians as a temporary solution to secure reelection. However, in China, lying about the economy is treated as a national security imperative. If there's anything in the world that gives communists a feeling of existential dread, it's the fear that their ideological enemies will discover proof that communism doesn't work.

The Trump Administration's tariffs on China are not the initiator of the nation's troubles, they are more a bookend to a process of decline that has been ongoing for years.

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China has given up on communism long time ago. What it's doing is just trying to make sure their ass stays on the throne.

TheDawn · Apr 25, 2025 at 1:49 AM

deaddog said:
Where the tarrifs hit the US consumer.
Electronics, Smart phones, computers and TVs
Clothing and textiles
Furnature and household goods.
Walmart evryday low prices are going to get much higher.
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Walmart's every day low prices have been going higher for quite some time now.

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China In Economic Dire Straits - No Longer Able To Hide It

Nine_Ender

Nine_Ender

deaddog

TheDawn

TheDawn