4 ms·
Basically a replay of "opium wars" with USA as "18th-19th century China" while China is the Brits back then. Instead of opium, you get the fentanyl, T-bills pur
by oneTbrain23 3y ago
Basically a replay of "opium wars" with USA as "18th-19th century China" while China is the Brits back then. Instead of opium, you get the fentanyl, T-bills purchases, cheap labor and "chips". This time, however I dont USA rebounce like the Chinese in the 1950s-2010s. American historical never reach Chinese level of industrious culture unless the entire American population replaced by another one (maybe similarly happened to native Indians dying of plaques, perhaps biological war wiping Americans and some other nationalities taking over).
- pas 3y agodata simply doesn't support this. US economy, including manufacturing has already rebounded. unemployment is already below NAIRU (or close to it, labor market slack is small, the productivity slack is considerable, but that's because structural inefficiencies) contrast this with the current drop in Chinese economic output due to sanctions https://fred.stlouisfed.org/series/OUTMS https://fred.stlouisfed.org/series/OUTMS