Peter, perhaps you could do a column sometime regarding the proposed 60% tariffs on China. I have read that trade restrictions during the Great Depression made our economy worse and extended the Depression by years. But the global economy has changed so much since then that I am unsure what effect a 60% tariff would now have. Would it be even more disastrous now? Would it be worse for China than for the US? Is Trump proposing the tariff because he is convinced that the benefits would outweigh the negatives, and if so, do you think he is wrong?
Yes, it seems as though it's all still on track to collapse as others and yourself discussed early in 2021.🤔🤷♀️🤐
Query- what's China's technology and telecommunications industries like in terms of survivability?
Also, as a hypothetical, if you knew that China's economy would be collapsing by 2024, where would you be expecting to see positive effects globally? As in take out China's economy who/what benefits most?
Finally, is the youth unemployment rates partially responsible for the influx of Chinese immigration seen elsewhere globally? Forced migration?.
Great article as always. Thanks for your excellent insight.
Some thoughts:
-many unemployed youth… will it be a deciding factor for Xi taking Taiwan?
-Xi economy is toast… will it also push him into taking Taiwan ?
-we have China government on its knees soon. If anti China policies continue… can it help topple Xi/CCP?
-sadly I heard ridiculous rumours on the internet television about how China could be bailed out? Lol. Omg on that one. Crazy
-I also heard China woes may be related to a possible Trump win in 2024? Lol. On the graphs…..As Trump polls rise… China numbers sink. Lol.
China has been anti-Trump and has been behind the scenes undermining him. But they didn’t realize how their meddling world policies would contribute to their poor economic outlook? Will they finally admit world peace, financial stability, etc., helps them too?
They are pushing RFK Jr on Tik Tok like crazy. Obviously they see him as another climate change lunatic democrat that they can manipulate to their benefit. If everyone continues the green agenda to benefit China then upheaval continues. Not sure if China calculated this and if they did… they don’t care? In the long run if they control the worlds energy needs with batteries/ solar … they win! I don’t know what they are going to do.
Apparently there is an old Chinese forecast/folk tale that Xi will be the last leader. Omg I hope it’s true. Lol. Hopefully the good people of China make major changes in their government one day.
Great data, and you point out several aspects of the situation that other writers have not, such as the effect of shipping costs on China. I think China’s developing nightmare will be one of the most fascinating and important events of the coming year. Think of the geopolitical implications! China will become the textbook case for why command economies cannot work, or, as you’ve wisely written, “you can’t push a string”. Other countries will back off from top-down economic strategies. The Belt and Road Initiative could completely unravel, maybe even backfire in some countries. Iran will not have an economically-strong silent backer. And if China falls off a cliff, that could be a saving grace for the US economy, as investment comes to us instead of to China.
Part of me wants to laugh. The CCP wants to REQUIRE state-owned firms to bring finds held overseas and put them into the Chinese stock market! Are they nuts? Money will go down a bottomless hole, and the heads of these firms will lose pretty much everything. Does the CCP not realize what kind of revolt that could provoke? What kind of financial chaos?
I don’t wish any suffering on the Chinese people, but wow, you have not overstated your case, Peter. This really is going to be bad!
Peter, perhaps you could do a column sometime regarding the proposed 60% tariffs on China. I have read that trade restrictions during the Great Depression made our economy worse and extended the Depression by years. But the global economy has changed so much since then that I am unsure what effect a 60% tariff would now have. Would it be even more disastrous now? Would it be worse for China than for the US? Is Trump proposing the tariff because he is convinced that the benefits would outweigh the negatives, and if so, do you think he is wrong?
Yes, it seems as though it's all still on track to collapse as others and yourself discussed early in 2021.🤔🤷♀️🤐
Query- what's China's technology and telecommunications industries like in terms of survivability?
Also, as a hypothetical, if you knew that China's economy would be collapsing by 2024, where would you be expecting to see positive effects globally? As in take out China's economy who/what benefits most?
Finally, is the youth unemployment rates partially responsible for the influx of Chinese immigration seen elsewhere globally? Forced migration?.
Great article as always. Thanks for your excellent insight.
Some thoughts:
-many unemployed youth… will it be a deciding factor for Xi taking Taiwan?
-Xi economy is toast… will it also push him into taking Taiwan ?
-we have China government on its knees soon. If anti China policies continue… can it help topple Xi/CCP?
-sadly I heard ridiculous rumours on the internet television about how China could be bailed out? Lol. Omg on that one. Crazy
-I also heard China woes may be related to a possible Trump win in 2024? Lol. On the graphs…..As Trump polls rise… China numbers sink. Lol.
China has been anti-Trump and has been behind the scenes undermining him. But they didn’t realize how their meddling world policies would contribute to their poor economic outlook? Will they finally admit world peace, financial stability, etc., helps them too?
They are pushing RFK Jr on Tik Tok like crazy. Obviously they see him as another climate change lunatic democrat that they can manipulate to their benefit. If everyone continues the green agenda to benefit China then upheaval continues. Not sure if China calculated this and if they did… they don’t care? In the long run if they control the worlds energy needs with batteries/ solar … they win! I don’t know what they are going to do.
Apparently there is an old Chinese forecast/folk tale that Xi will be the last leader. Omg I hope it’s true. Lol. Hopefully the good people of China make major changes in their government one day.
Great data, and you point out several aspects of the situation that other writers have not, such as the effect of shipping costs on China. I think China’s developing nightmare will be one of the most fascinating and important events of the coming year. Think of the geopolitical implications! China will become the textbook case for why command economies cannot work, or, as you’ve wisely written, “you can’t push a string”. Other countries will back off from top-down economic strategies. The Belt and Road Initiative could completely unravel, maybe even backfire in some countries. Iran will not have an economically-strong silent backer. And if China falls off a cliff, that could be a saving grace for the US economy, as investment comes to us instead of to China.
Look at this article from yesterday’s Epoch Times: https://www.theepochtimes.com/opinion/will-the-ccp-save-chinas-stock-market-5579541?utm_source=ref_share&utm_campaign=copy
Part of me wants to laugh. The CCP wants to REQUIRE state-owned firms to bring finds held overseas and put them into the Chinese stock market! Are they nuts? Money will go down a bottomless hole, and the heads of these firms will lose pretty much everything. Does the CCP not realize what kind of revolt that could provoke? What kind of financial chaos?
I don’t wish any suffering on the Chinese people, but wow, you have not overstated your case, Peter. This really is going to be bad!