3 ms·
This reads like putting 2010 knowledge about China and Trump propaganda in a shaker and then really go at it for 10 minutes. Dude, get an update. We are in 2018
by erikb 8y ago
This reads like putting 2010 knowledge about China and Trump propaganda in a shaker and then really go at it for 10 minutes. Dude, get an update. We are in 2018.
Both Western and Chinese "fictitious overlay" to real market is so big that each can lose their current leadership position through that fantasy blowing up. In some regards the trade war is like this party game where you need to step on other people's balloon with your foot that has also a balloon attached.
The good news is, once one of the bubbles burst the other one can be exchanged step by step with real markets that are overtaken from the other.
- sonnyblarney 8y agoMy comments are valid in 2018, more so than ever. China has a politically controlled economy, a politically controlled currency, no real or objective accounting standards, a politicized legal system, very high degrees of corruption, capital controls, massive state intervention in financial and other sectors, and a centrally planned economic orientation wherein especially banks take their marching orders from a single source. So 'dude' , this is a fiction that does not exist even in 'Trump's America'. American economic figures are open enough that they can be externally validated, and if you 'don't believe them' - you can happily bet against the 'fiction' on the open markets. Yes - the Fed's action does amount to a kind of intervention, but even then we know mostly what they are doing. It's not a fiction, more than it is a calculation.