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You can safely ignore any story that includes “collapse” in its title when referring to a G-20 country. They’re all just clickbait.

adaml_623 3y ago
What about Argentina? 100% inflation!?
- eclipticplane 3y ago
  Charts go up and to the right!
- ajot 3y ago
  We can always get the IMF to handle us some big ol' sum of DEGs, not comply with their requisites and ask for some more. I believe we're "too big to fail" for the IMF. But less tongue in cheek, this value destruction will end someday. With every cyclic crisis, a ~10% of our population falls into poverty. Maybe the percentages will become smaller every decade, but theres a feudal 99% poverty rock bottom, you can't really go deeper than that.
- Izikiel43 3y ago
  Over a 100%, thank you very much
seanmcdirmid 3y ago
On the other hand, recessions and even depressions are possible. Just don’t invest in Chinese real estate (not that you can without residency), and it won’t affect you.
nonethewiser 3y ago
> You can safely ignore any story that includes “collapse” in its title when referring to a G-20 country. They’re all just clickbait. Japan’s economy arguably collapsed in the 90s. Perhaps burst and stagnated is more accurate ever but its a semantic game at that point. No one knows if China’s economy will collapse but there are lots a serious and unique risks.
- SkyMarshal 3y ago
  And yet Japan is still there, the 3rd or 4th largest economy in the world. “Collapse” = clickbait.
nine_k 3y ago
"Collapse" is not turning into a war-torn wasteland. I's just losing much / most of the power, and getting by in that mode somehow. Japan is a mild example, but I bet you have much fewer "Made in Japan" things in your house than you would in 1985. Argentina is a much more painful example, with no recovery in sight. Wait what's going to happen when Russia loses the war.
- SkyMarshal 3y ago
  Japan is still the third or fourth largest economy in the world. They didn’t collapse. “Collapse” would be Great Depression, or unbailed-out Global Financial Crisis. The GFC (rightly) spooked everyone, but now we’ve got millions of wanna-be prophets in the media trying to predict the next “collapse” and take credit for being a modern day Nostradamus. But it’s all just clickbait.
- r00fus 3y ago
  Perhaps not in the house but in your car and phone? They just transitioned industries.

adaml_623 3y ago

What about Argentina? 100% inflation!?

eclipticplane 3y ago
Charts go up and to the right!
ajot 3y ago
We can always get the IMF to handle us some big ol' sum of DEGs, not comply with their requisites and ask for some more. I believe we're "too big to fail" for the IMF. But less tongue in cheek, this value destruction will end someday. With every cyclic crisis, a ~10% of our population falls into poverty. Maybe the percentages will become smaller every decade, but theres a feudal 99% poverty rock bottom, you can't really go deeper than that.
Izikiel43 3y ago
Over a 100%, thank you very much

seanmcdirmid 3y ago

On the other hand, recessions and even depressions are possible. Just don’t invest in Chinese real estate (not that you can without residency), and it won’t affect you.

nonethewiser 3y ago

> You can safely ignore any story that includes “collapse” in its title when referring to a G-20 country. They’re all just clickbait. Japan’s economy arguably collapsed in the 90s. Perhaps burst and stagnated is more accurate ever but its a semantic game at that point. No one knows if China’s economy will collapse but there are lots a serious and unique risks.

SkyMarshal 3y ago
And yet Japan is still there, the 3rd or 4th largest economy in the world. “Collapse” = clickbait.

nine_k 3y ago

"Collapse" is not turning into a war-torn wasteland. I's just losing much / most of the power, and getting by in that mode somehow. Japan is a mild example, but I bet you have much fewer "Made in Japan" things in your house than you would in 1985. Argentina is a much more painful example, with no recovery in sight. Wait what's going to happen when Russia loses the war.

SkyMarshal 3y ago
Japan is still the third or fourth largest economy in the world. They didn’t collapse. “Collapse” would be Great Depression, or unbailed-out Global Financial Crisis. The GFC (rightly) spooked everyone, but now we’ve got millions of wanna-be prophets in the media trying to predict the next “collapse” and take credit for being a modern day Nostradamus. But it’s all just clickbait.
r00fus 3y ago
Perhaps not in the house but in your car and phone? They just transitioned industries.