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China 10y bond yields falling like a rock
2358 sats \ 12 comments \ @zuspotirko 17 Dec econ
Eerily similar to post-growth 80s Japan. Chinas growth period is over. Sorry all edgelord BRICs bootsuckers here.
China is making a Roulette bet and putting everything on winning worldwide automobiles. If this bet works out they'll make it, if not the middle income trap will have won.
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86 sats \ 0 replies \ @freetx 17 Dec
Eerily similar to post-growth 80s Japan. Chinas growth period is over. Sorry all edgelord BRICs bootsuckers here.
The US must fully embrace and encourage stablecoin providers. Being able to put USDT/USDC directly into the hands of every Chinese, Indian, Brazilian, etc is a win-win for all (well its a major loss for the local politician, but who cares....)
We only need a single shitcoin, and king-shitcoin (USD) should be it
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0 sats \ 0 replies \ @zuspotirko OP 17 Dec
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0 sats \ 0 replies \ @SwapMarket 17 Dec
Means their bond investors make money. Rates will be cut all over the world, currencies devalue. Only Bitcoin!
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0 sats \ 1 reply \ @Shugard 17 Dec
Isn't fun how the world crumbles? Aren't they all escaping into gold?
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0 sats \ 0 replies \ @zuspotirko OP 17 Dec
The world doesn't crumble. Only centrally planned economies that failed to innovate or diversify do.
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0 sats \ 1 reply \ @OT 17 Dec
Where's the bottom?
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0 sats \ 0 replies \ @zuspotirko OP 17 Dec
If Japan is anything to go by: the bottom isn't that deep but very prolonged :)
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0 sats \ 3 replies \ @zuspotirko OP 17 Dec
Sidenote: another thing 80s Japan, 20s China (and 20s Germany iwbh) have in common: A cultural scarcity mindset. No domestic demand. No courage for entrepreneurial supply side risk taking. No drive for improving the standard of living, therefore no domestic demand.
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0 sats \ 2 replies \ @satcat 17 Dec
China has huge domestic demand
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99 sats \ 0 replies \ @000w2 17 Dec
Not enough for their HUGE production
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0 sats \ 0 replies \ @zuspotirko OP 17 Dec
Has it tho? If they did, they wouldn't be so reliant on exports.
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0 sats \ 0 replies \ @nitter 17 Dec bot
https://xcancel.com/DrJStrategy/status/1868640984088953123
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