Its manufacturing-based economy, as opposed, of course, to our fraud-based economy which is doing so well
Hey, our economy isn’t just fraud-based! It’s also heavily reliant on gambling!
U.S. Economy: implodes
“Heh, i bet those Chinese feel really stupid right about now”
manufacturing-based economy is beginning to falter
Xi, you must pivot the economy towards crypto scams, for profit healthcare, gambling apps and marvel slop.
yawn NYT get new material please…
Fresh take production has unfortunately been outsourced
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Edible? carrot chunks
Luxury. Substituted with inedible dyed sludge when?
That’s actually crayons
Melted, squashed and diced crayons. Complete American food pyramid 
meanwhile, the US economy is strong and powerful for having converted from industrial and high tech manufacturing into an economy based on painkiller addiction, gambling, landlordism, and the brokering of bribes and private islands among pedophile billionaires.
this is an economy that, with enough prisons and armed thugs, could last a thousand years.
Man actively bleeding to death, as he sees someone with a few cuts: your weakness has been exposed
They have over one year of oil reserves. Europe and SE Asia have 4-5 weeks.
I don’t think the biggest cracks are going to come from China any time soon.
Well see if Western economies collapse then China has nobody to sell all the stuff they’re making! Checkmate tankies
know you’re joking, but they absolutely do because consumer markets elsewhere are rapidly expanding
China’s companies dominate in fast-growth economies across Global South and BRICS; US firms absent | Inside China Business
It’s astounding how much they have dominated capitalism. Who would’ve thunk that following the steps of the guy who figured out capitalism would amount to this
China is so powerful it’s literally creating the markets to sell their goods in by uplifting marginalized nations.
I will dance through the American Century of Humiliation.
I just hope they keep following the manual instead of deciding they want to keep capitalism forever
patriots are in control
I found a YouTube link in your comment. Here are links to the same video on alternative frontends that protect your privacy:
Maybe I was thinking UK.
https://data.nationalgas.com/gas-system-status
Idk, I think it’s just fud to get governments to subsidies gas and gas infrastructure more.
Maybe only having storage capacity for 12 days is irresponsible, maybe it’s fine.
What I don’t see is a huge impact of the Iran war on gas in storage. Obviously private actors are trying not to overpay but I don’t really see the gas supply crisis yet.
I’m sure their EV sector and their renewable energy sector will perform real badly because of the war
They won’t have any petroleum to grease their solar panels with!
its manufacturing-based economy is beginning to falter
As opposed to our completely stable real estate, data-centre and MLM based economy
Both China and the US have MLM based economies if you think about it.
got excited for a second and thought you were talking about yaoi based economies :(
China’s G.D.P. Stronger Than Expected, Led by Infrastructure Spending
A long, steep slide in apartment prices has eroded China’s household savings
Housing is getting too affordable.
Retail sales rose just 2.4 percent in the first quarter from a year earlier, and only 1.7 percent in March
Is this annualized growth? Otherwise this seems pretty high. NYT not sending their best.
A long, steep slide in apartment prices has eroded China’s household savings
This literally only makes sense if you think the average household is fucking landlord! When the cost of my apartment goes down, I am spending less on housing, and my savings go up. What an insane thing to say
love too fearmonger about deflation as if regular people who buy things don’t like lower prices
It’s a problem when society is lead by self-interested business men.
yeah it’s not good if the only thing that matters is to capture gains in profit instead of passing on cost reductions. if everything is financialized and built on infinite growth then those numbers need to always go up.
EDIT: when concentration of production occurs under a DotP and those large, near-monopoly companies are state-owned, then when you make productivity gains or technological advances those gains can be passed on to everyone via price reductions
The textbook problem with deflation is that rich people keep their cash instead of reinvesting it.
I’m sure this could be countered with wealth tax too.
But keeping the working class in a continuous economic struggle just to maintain their income is a desired outcome of inflation, I’m sure.
Except reinvestment doesn’t matter if you aren’t capturing any labor value from that reinvestment. All of this financialization does not produce any labor value, which is why inflation goes up.
This is why, according to Adam Smith, in order to create wealth, real substantial wealth, the ‘wealth of nations (not individuals)’, you need to be able to direct that individual wealth into areas that produce labor value for the society.
Inflation and deflation are, according to Adam Smith and Karl Marx, essentially symptoms of the same problem. The problem of using fetishes (currency) and exchange value, to represent and derive labor value, when the two are separate things. But we can, in theory, integrate inflation and deflation into part of a formula that creates labor value.
Doesn’t it also make sense if the average household has a mortgage?
mortgage payments usually aren’t linked to changes in the price of your house afaik? but variable rate patments change with interest rates
price of your house seems to only matter if you are selling or renting it (it has some effect on insurance too I suppose)
A long, steep slide in apartment prices has eroded China’s household savings
Apartments have become so cheap, people are actually spending their savings to buy them! Outrageous!
The article actually claims apartments are not selling (I have no idea if this is true), and presumably the author’s explanation for this is either “people have less money so shrinking demand is lowering housing prices,” or “no one wants to buy a depreciating asset.”
Umm, excuse me? The Iran War is currently destroying the petrodollar and the American economy along with it lmao
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China’s retail car sales plunged 26 percent in the first 19 days of April from a year earlier, according to the China Passenger Car Association.
Which is it? Did sales drop 26% over the course of 19 days, or are sales 26% lower than a year earlier. It sounds like it was over the year, but they felt the need to twist sentences to appear to support their thesis.
“Let’s see ol’ Xinnie wriggle his way out of this one!”
If China wasn’t so busy rapidly rebuilding rail infrastructure destroyed by the US they would take this problem more seriously.
