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All just want China to print more money nia.
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(12-10-2024, 07:23 AM)winbig Wrote: All just want China to print more money nia.
Don't you think the current team leading China is less experienced?
In the past everytime there is a problem just a few bold moves and within 3 months it is fixed.
Now almost 4yrs already .....reports of businesses giving up ....they let percent damage sink in
Remember last 3 yrs they spend their time.claimjng nothing wrong. The western media exaggerate etc.
If nothing wrong why the need for stimulus?...if nothing wrong why economist keep saying they need to do more.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
>
(This post was last modified: 12-10-2024, 07:31 AM by
sgbuffett.)
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(12-10-2024, 07:29 AM)sgbuffett Wrote: Don't you think the current team leading China is less experienced?
In the past everytime there is a problem just a few bold moves and within 3 months it is fixed.
Now almost 4yrs already .....reports of businesses giving up ....they let percent damage sink in
Property bubble burst not so easy to fix lah. First country is very big, second they cannot do infinity QE like US did in 2008 crisis. Third last time there's no US China rivalry.
(This post was last modified: 12-10-2024, 07:36 AM by
winbig.)
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(12-10-2024, 07:32 AM)winbig Wrote: Property bubble burst not so easy to fix lah. First country is very big, second they cannot do infinity QE like US did in 2008 crisis.
While what you say is true. US had collapse of property bubble in 2009. By 2010 the economy was back on its feet and by 2019 it was 10yr bull market.
Why because Bernanke was decisive...with QE
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
>
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(12-10-2024, 07:35 AM)sgbuffett Wrote: While what you say is true. US had collapse of property bubble in 2009. By 2010 the economy was back on its feet and by 2019 it was 10yr bull market.
Why because Bernanke was decisive...with QE
Because of USD reserve currency status that's why Bernanke can be so decisive.
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(12-10-2024, 07:29 AM)sgbuffett Wrote: Don't you think the current team leading China is less experienced?
In the past everytime there is a problem just a few bold moves and within 3 months it is fixed.
Now almost 4yrs already .....reports of businesses giving up ....they let percent damage sink in
Remember last 3 yrs they spend their time.claimjng nothing wrong. The western media exaggerate etc.
If nothing wrong why the need for stimulus?...if nothing wrong why economist keep saying they need to do more.
Don't u think u should be finance minister?
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(12-10-2024, 07:35 AM)sgbuffett Wrote: While what you say is true. US had collapse of property bubble in 2009. By 2010 the economy was back on its feet and by 2019 it was 10yr bull market.
Why because Bernanke was decisive...with QE
You missing out rest of world central bank co-operate with US to QE and spending higher till 2014.
https://4.bp.blogspot.com/-EU7cnIGMadQ/T...dity+1.JPG
housing no longer main driver of economy for a decade
https://www.boziotis.com/wp-content/uplo...-homes.png
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Alamak why jobless ermaos so kaypoh about china? Xjp caused yr joblessness and owes yr a living is it?
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This is especially true when they have ignored completely the swelling of the over heated property prices. Property prices in China started swelling in 2005. They did nothing much to cool the over heated property price until 2020. By that time, it was already too late. Evergrande collapsed in 2021, followed by many other big property firms like country garden, Vanke soon getting into financial trouble. The collapse of property sector is purely self-inflicted and have nothing to do with other countries.
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Another early morning anti China thread from sgbutt.
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Ownself not doing well, jobless and useless, why kaypoh about others?
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