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Ahhh the old' China crisis again! The dog that didn't bark. The Charlie Brown football that never got kicked. The constant and unending crisis that is on its

Ahhh the old' China crisis again! The dog that didn't bark. The Charlie Brown football that never got kicked. The constant and unending crisis that is on its way any day now. As I have explained over the years in many previous comments, China's banking system is partially privatized central planning, the government prints it's own money. Thus, when there is a credit crisis the government just recapitalizes the banks with freshly printed Yuan and sells off the bad loans at a discount. Bankers who behaved badly get executed or disappeared and the whole thing starts over. Don't believe me? Let's take a trip down memory lane on HN: China: Crisis Gauge Rises to Record High 2 points Cless 2 years ago 0 comments (http://www.bloomberg.com/news/2014-02-26/crisis-gauge-rises-to-record-high-as-swaps-avoided.html http://www.bloomberg.com/news/2014-02-26/crisis-gauge-rises-...) China Interbank Rates at Record High (think Lehman Bros.) 1 points teawithcarl 3 years ago 0 comments (http://m.theepochtimes.com/n3/118747-china-banking-crisis-interbank-rates-at-record/ http://m.theepochtimes.com/n3/118747-china-banking-crisis-in...) China's Brewing Crisis Is a Thousand Times Greece's 8 points ytNumbers 6 months ago 4 comments (http://www.forbes.com/sites/panosmourdoukoutas/2015/08/25/chinas-brewing-crisis-is-a-thousand-times-greeces/ http://www.forbes.com/sites/panosmourdoukoutas/2015/08/25/ch...) Skyscraper index points to elevated risk of financial crisis in China, India 2 points cs702 4 years ago 0 comments (http://www.scribd.com/doc/78470886/Index-Bubble-Building-100112-2-1-14300620 http://www.scribd.com/doc/78470886/Index-Bubble-Building-100...) China fears bond crisis as it slams quantitative easing 1 points chaostheory 7 years ago 0 comments (http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/5286832/China-fears-bond-crisis-as-it-slams-quantitative-easing.html http://www.telegraph.co.uk/finance/newsbysector/banksandfina...) China hit hardest by US Downgrade 2 points ca136 5 years ago 0 comments (http://gulfnews.com/opinions/editorials/us-crisis-hits-china-hardest-1.848525 http://gulfnews.com/opinions/editorials/us-crisis-hits-china...) China’s Coming Economic Crisis? 3 points kercker 2 years ago 0 comments (http://www.nytimes.com/roomfordebate/2014/04/08/chinas-coming-economic-crisis?hp&rref=opinion http://www.nytimes.com/roomfordebate/2014/04/08/chinas-comin...) Why China Will Have an Economic Crisis 1 points eande 4 years ago 0 comments (http://business.time.com/2012/02/27/why-china-will-have-an-economic-crisis/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+time%2Fbusiness+%28TIME%3A+Top+Business+Stories%29 http://business.time.com/2012/02/27/why-china-will-have-an-e...) Confidence of China VCs drops to new low 2 points ilamont 7 years ago 0 comments (http://www.thestandard.com/news/2008/10/29/global-economic-crisis-drives-china-vc-confidence-new-low http://www.thestandard.com/news/2008/10/29/global-economic-c...)

Pyxl101 11y ago
Would you mind changing the links to the HN threads rather than the original news articles? I think that will better illustrate your point. But, if those threads were all zero comments, then I'm not sure they count as memory lane. Nevertheless, this does sound a bit like "suits make a corporate comeback".
necrodawg 11y ago
I too have grown tired of shitty articles with shitty headlines that make some misunderstood argument on why China is about to have a bad time. It's at the point where I'm wondering if these publications are just fishing for clicks.
- deleted 11y ago
  [deleted]
- prostoalex 11y ago
  The beauty of being a professional doomsayer is that people will remember one time you were right and forget the 99 times you were wrong. Then you can weave your career through books and TV shows that will pitch "the [only] expert who predicted X". cf Peter Schiff, Meredith Whitney, Ron Paul.
- miserable1980 11y ago
  We've been in constant crisis mode since 2000 (just as I graduated college). This crap kept me from buying a home, delayed marriage and children, etc. In my mid 30s, I have no job security, almost no retirement and no home. I had no idea life in the 21st century was going to be so miserable for young people in North America. I guess this is globalization in action :(
  - hackuser 11y ago
    I've heard others say that, but I don't understand: Other than the 2008 recession, which was a much worse one than its predecessors, what is any worse than earlier periods? If you are thinking of 9/11, before that we had the Cold War, against an enemy many orders of magnitude more dangerous and damaging. I almost think that conservatives who sell crisis, to justify all sorts of things from civil liberties restrictions to wars, have unfortunately been believed. I do think our government has functioned extremely poorly since 2000, as the GOP has put ideology before responsible governence. I know people will think I'm partisan, but how else can you characterize voting, multiple times, to not only shut down the whole government but actually trying to make it default on its debt?

Pyxl101 11y ago

Would you mind changing the links to the HN threads rather than the original news articles? I think that will better illustrate your point. But, if those threads were all zero comments, then I'm not sure they count as memory lane. Nevertheless, this does sound a bit like "suits make a corporate comeback".

necrodawg 11y ago

I too have grown tired of shitty articles with shitty headlines that make some misunderstood argument on why China is about to have a bad time. It's at the point where I'm wondering if these publications are just fishing for clicks.

deleted 11y ago
[deleted]
prostoalex 11y ago
The beauty of being a professional doomsayer is that people will remember one time you were right and forget the 99 times you were wrong. Then you can weave your career through books and TV shows that will pitch "the [only] expert who predicted X". cf Peter Schiff, Meredith Whitney, Ron Paul.
miserable1980 11y ago
We've been in constant crisis mode since 2000 (just as I graduated college). This crap kept me from buying a home, delayed marriage and children, etc. In my mid 30s, I have no job security, almost no retirement and no home. I had no idea life in the 21st century was going to be so miserable for young people in North America. I guess this is globalization in action :(
- hackuser 11y ago
  I've heard others say that, but I don't understand: Other than the 2008 recession, which was a much worse one than its predecessors, what is any worse than earlier periods? If you are thinking of 9/11, before that we had the Cold War, against an enemy many orders of magnitude more dangerous and damaging. I almost think that conservatives who sell crisis, to justify all sorts of things from civil liberties restrictions to wars, have unfortunately been believed. I do think our government has functioned extremely poorly since 2000, as the GOP has put ideology before responsible governence. I know people will think I'm partisan, but how else can you characterize voting, multiple times, to not only shut down the whole government but actually trying to make it default on its debt?