China's economy in crisis, on the brink of collapse?
China's economy in crisis, on the brink of collapse?
After years of exceptional growth built on local government and private-sector debt, the world's second-largest economy is facing the bursting of its real estate bubble and a severe slowdown.
Sensationalist title with a question mark at the end of it?
The answer is almost always "no".
68Betteridge’s Law of Headlines - I find it has near universal applicability.
17Doubly so for any headline predicting a financial crisis of any sort.
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-5¯\_(ツ)_/¯
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"Any headline that ends in a question mark can be answered by the word no."
https://en.wikipedia.org/wiki/Betteridge's_law_of_headlines
3rd paragraph:
While the mood is gloomy, experts agree that the bursting of a '08 Lehman Brothers-style speculative bubble is unlikely.
32Thanks for digging up the important line. So annoying to have sensationalist headlines like this that bury the lede and completely disprove their own thesis several paragraphs down, but I mean as long as it gets that initial click…
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Whoa no way, for real this time?!
24Ahh yes, China is going to collapse with its measly 5.2% growth despite global economic malaise.
19Lucy-football-dotjpeg
16Xi is shitting his pants right now
15China bet hard on developing countries because the developed world isn't growing at a rate that can keep up with China's economic growth targets. In fact, we're very quickly running towards the crossover point for Chinese trade dependence on the West vs. on the rest of the world.
Also, a big chunk of Chinese exports to the West is in computers and consumer electronics... Markets which have seen a huge slowdown due to commoditization and aggressive political lobbying from the US.
14You hit the target exactly on the spot, I hope you're already diversified in crypto in preparation
-2Spamming the entire comment section with this. But maybe, diversify back into some fiat
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No, but the country is going to go through a lot of economic pain.
9it's the year of the
linux desktopchinese collapse7Permanently Deleted
7No, but it's going to take a pretty good ding to eat that Evergrande turd.
6Capitalism is China's economy. They'll collapse together when they do
-2Convert your fiat to crypto and prepare to transfer wealth across borders with Monero
When China falls they'll take us all down with them together
-5Any chance you will heed your username and GiveUp posting this horseshit?
Crypto is so 2020 bro.
You should be telling us to invest in your AI startup...
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I've already converted all my fiat currency to various crypto including a modest sizing of Monero so I can anonymously transfer my money when China takes over our financial systems
I implore everybody else to do the same. The writing has been on the wall for decades
-7I implore everybody else to do the same.
Because if I run out of idiots and suckers to off load this worthless shit to I will lose big time.
10How exactly is China going to take over our financial systems?
8Yeah I think I missed a step there
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i bet if you stopped writing on them with crayons eventually it'd go away
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