Welcome to the Hardcore Husky Forums. Folks who are well-known in Cyberland and not that dumb.
China looks like it is heading for its version of the 1929 stock market crash
DerekJohnson
Administrator, Swaye's Wigwam Posts: 70,318 
in Tug Tavern
Comments
-
Great link as always
-
China already shot its stimulus load in 2009 to keep the party going.
Local / Regional governments and national banks pushed money out the door and now the malinvestment is showing up.
Their 2009 stimulus was also much larger than the USA's relative to the size of their economies and what wasn't lent to companies was spent on infrastructure. The billions upon billions they spent were on one-time projects so the low-hanging fruit is gone there.
Plus their demographics aren't very good. Their workforce population peaked in 2010 and by 2030, their projected population median age will be 43 (compared to 39 for the USA and 32 for India).
-
Does this mean a lot of Chink businessmen will be jumping out of buildings?
-
Well we should at least be grateful that they bought so much of Bush's war debt.
-
IT'S BUSH'S FAULT!!!!!@!!!!!!!1!!!!11!!!!!!!!!!
Actually, China started rushing to US Debt once the world economy started going to hell in mid / late 2008 so, well, you're wrong:
https://qzprod.files.wordpress.com/2015/04/us_treasury_debt_held_china_japan_us_federal_reserve_chartbuilder.png?w=640OZONE said:Well we should at least be grateful that they bought so much of Bush's war debt.
-
Wow. The Federal Reserve sure is bullish on USDebt.
-
ftfyOZONE said:Well we should at least be grateful that they bought so much of my sea plane debt.
-
Ahem! Actually, it's a flying boat.DerekJohnson said:
ftfyOZONE said:Well we should at least be grateful that they bought so much of my sea plane debt.
-
The debt on Bush's war was still growing after 2008, so regardless of whether they bought most of his war debt after 2008 or before 2008... it is still Bush's war debt, and they still bought it, so, well, I'm right.HFNY said:IT'S BUSH'S FAULT!!!!!@!!!!!!!1!!!!11!!!!!!!!!!
Actually, China started rushing to US Debt once the world economy started going to hell in mid / late 2008 so, well, you're wrong: -
Triple Lindy style?RaccoonHarry said:Does this mean a lot of Chink businessmen will be jumping out of buildings?
