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Its clear its not doing much, but there's this HN narrative about how China can't be criticized and if it is then there's whataboutism with "The US is just as b
by drzaiusapelord 10y ago
Its clear its not doing much, but there's this HN narrative about how China can't be criticized and if it is then there's whataboutism with "The US is just as bad" which is often a false narrative. The Dodd-Frank is just something pulled out one's ass to promote that narrative. In reality, US markets are considered very safe even before Dodd-Frank. As much as HN claims $this_year is the end of the "petrodollar", its clear the the USD still rules and is considered a safe currency as well.
A year or two ago this forum was full of "rise of the BRICs" rhetoric. Russia's and Brazil's economy have stagnated with no end in sight, India is going nowhere, and China is playing 'house of cards' with its markets. Trust me, if you want investing advice, don't get it from HN. The narratives here are politically biased to promote an anti-US sentiment and other college identity politics groupthink.