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>That's absolutely going to "go back to the way things were" China printed money in the past 10 years on a scale we've never before seen in history (300% Debt-

>That's absolutely going to "go back to the way things were" China printed money in the past 10 years on a scale we've never before seen in history (300% Debt-to-GDP). They remain in a trade war with the US, are being blamed for the virus and their economy has shut down. Things aren't "going back to normal".

_bxg1 7y ago
I said that with a very specific meaning and you're taking it out of context.
- aguyfromnb 7y ago
  >you're taking it out of context You claimed the the GFC and dotcom bust "revealed fundamental problems in the marketplace", but "In this case...the primary mechanism is "people can't work/aren't going out and buying things". That's..going to "go back to the way things were" To which I explained to you there are fundamental issues with this as well, mainly the world's second largest economy is messed up, royally. What context did I miss?
  - _bxg1 7y ago
    From my own comment: > the primary mechanism is "people can't work/aren't going out and buying things" As soon as it's safe, people will very quickly start working and consuming again. The world around that mechanism will have changed - some businesses will have closed, some jobs will have been lost, some personal finances will have taken a hit - but people's desire to work for income and spend money on goods didn't break. It's only being blocked for a little while. The circumstances around that are an independent question.
    - aguyfromnb 7y ago
      >As soon as it's safe, people will very quickly start working and consuming again. Your premise is at fault ("this is about buying goods"). The virus is a catalyst, not a cause. Do you know if the Chinese economy will ever recover in the way you claim? Are you even considering the world outside your country? This is bigger than a few people not going out to bars and restaurants. Industrial production has been slowing for months, global debt was increasing exponentially for a decade, political tensions are rising globally, people are dying around the world because of government mismanagement of a pandemic. You can keep repeating that things will go back to normal when people start shopping again, but if that's the extent of how you view what's happening now, you're likely wrong.
      - cloverich 7y ago
        > people are dying around the world because of government mismanagement of a pandemic. Disproportionately affecting people outside of prime working ages. > political tensions are rising globally For now, and they will eventually subside. Because they always do. And always will. > Do you know if the Chinese economy will ever recover Why wouldn't it (eventually)? Demand will change, but people aren't going to forget how to work, how to buy, or how to build. There is a _ton_ of cultural infrastructure that goes beyond physical infrastructure and ultimately, unless we were all building stuff nobody actually wanted or could use (e.g. dotcom bubble) the economy will eventually recover. We don't know the timing, or the extent that bad assets will be kicked out (e.g. mortgages), and we also don't know to what extent money printing has erased savings, but ultimately there's a tremendous amount of cultural and physical infrastructure that will continue to exist, and a tremendous amount of demand that will return.

_bxg1 7y ago

I said that with a very specific meaning and you're taking it out of context.

aguyfromnb 7y ago
>you're taking it out of context You claimed the the GFC and dotcom bust "revealed fundamental problems in the marketplace", but "In this case...the primary mechanism is "people can't work/aren't going out and buying things". That's..going to "go back to the way things were" To which I explained to you there are fundamental issues with this as well, mainly the world's second largest economy is messed up, royally. What context did I miss?
- _bxg1 7y ago
  From my own comment: > the primary mechanism is "people can't work/aren't going out and buying things" As soon as it's safe, people will very quickly start working and consuming again. The world around that mechanism will have changed - some businesses will have closed, some jobs will have been lost, some personal finances will have taken a hit - but people's desire to work for income and spend money on goods didn't break. It's only being blocked for a little while. The circumstances around that are an independent question.
  - aguyfromnb 7y ago
    >As soon as it's safe, people will very quickly start working and consuming again. Your premise is at fault ("this is about buying goods"). The virus is a catalyst, not a cause. Do you know if the Chinese economy will ever recover in the way you claim? Are you even considering the world outside your country? This is bigger than a few people not going out to bars and restaurants. Industrial production has been slowing for months, global debt was increasing exponentially for a decade, political tensions are rising globally, people are dying around the world because of government mismanagement of a pandemic. You can keep repeating that things will go back to normal when people start shopping again, but if that's the extent of how you view what's happening now, you're likely wrong.
    - cloverich 7y ago
      > people are dying around the world because of government mismanagement of a pandemic. Disproportionately affecting people outside of prime working ages. > political tensions are rising globally For now, and they will eventually subside. Because they always do. And always will. > Do you know if the Chinese economy will ever recover Why wouldn't it (eventually)? Demand will change, but people aren't going to forget how to work, how to buy, or how to build. There is a _ton_ of cultural infrastructure that goes beyond physical infrastructure and ultimately, unless we were all building stuff nobody actually wanted or could use (e.g. dotcom bubble) the economy will eventually recover. We don't know the timing, or the extent that bad assets will be kicked out (e.g. mortgages), and we also don't know to what extent money printing has erased savings, but ultimately there's a tremendous amount of cultural and physical infrastructure that will continue to exist, and a tremendous amount of demand that will return.