Oh sure, CCP, “happy days are here again”. Why, “prosperity is just around the corner!” Please. Those platitudes didn’t change economic reality in 1933, and they still don’t today.
The fact that the CCP is making these feeble moves shows us that they really don’t have many options to deal with their huge structural economic problems. “All Facts Matter” has consistently given us the hard data - and thank you, thank you for that - showing the magnitude of China’s problems. They are going to learn a hard lesson in the reality of market forces whether it fits their ideology or not.
And, sad to say, so is the US. For example, Biden pushing electric vehicles despite market data showing that nobody wants them. The big car companies in Detroit have been complaining to Biden that they have lost billions on producing EV cars that sit unsold on their lots. I read this stuff in the news and think, jeez, our government is not that different from China’s! Shudder.
Peter, I would value your facts and brilliance over just about any other possible assessment. I am grateful.
Oh sure, CCP, “happy days are here again”. Why, “prosperity is just around the corner!” Please. Those platitudes didn’t change economic reality in 1933, and they still don’t today.
The fact that the CCP is making these feeble moves shows us that they really don’t have many options to deal with their huge structural economic problems. “All Facts Matter” has consistently given us the hard data - and thank you, thank you for that - showing the magnitude of China’s problems. They are going to learn a hard lesson in the reality of market forces whether it fits their ideology or not.
And, sad to say, so is the US. For example, Biden pushing electric vehicles despite market data showing that nobody wants them. The big car companies in Detroit have been complaining to Biden that they have lost billions on producing EV cars that sit unsold on their lots. I read this stuff in the news and think, jeez, our government is not that different from China’s! Shudder.
Peter, I would value your facts and brilliance over just about any other possible assessment. I am grateful.