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> the rising East seems better placed to change economic inefficiencies lol wut? china changing ineffeiciencies? this must be winnie the poo propaganda. chi

> the rising East seems better placed to change economic inefficiencies lol wut? china changing ineffeiciencies? this must be winnie the poo propaganda. china is corrupt as all hell and much of their building material is of dubious and shady quality. japan and korea are stagnating, and much of SEA is still struggling to modernize and combat their own structural inefficiencies. PE is a cancer, but I'd be curious to know how much of a stake foreign firms have in those orgs.

ilikerashers 3y ago
You've got to admit, it'll be interesting to see how this plays out. Eastern countries with more direct government intervention, strong-arm leaders like Modi, Winnie the poo vs waning Western powers. China didn't bail out its property gamblers, the West bailed out its banking gamblers. The West excels at high-level corruption. It's not bribing an official down a back alley, it's done Manhattan high rises and Mayfair team rooms. Both are indefensible but as bad as each other.
- corimaith 3y ago
  Depends if you think bailing out the banks was the wrong choice overall. The last time the Great Depression happened we got a world war out of it. It's true that perverse incentives were created out of that, but I would ask if the financial industry is still making these mistakes like NINJA loans. Considering how we just got out of inflation without a recession, the US economy seems pretty structurally sound today.
  - ilikerashers 3y ago
    Might be true, might not. Checkout out this podcast if you get a chance: https://www.bloomberg.com/news/articles/2024-01-23/brevan-howard-s-jason-cummins-on-the-current-macro-outlook?srnd=oddlots https://www.bloomberg.com/news/articles/2024-01-23/brevan-ho... Not sure we can draw a line under anything yet and there is still lots of potential for economic instability out there.

ilikerashers 3y ago

You've got to admit, it'll be interesting to see how this plays out. Eastern countries with more direct government intervention, strong-arm leaders like Modi, Winnie the poo vs waning Western powers. China didn't bail out its property gamblers, the West bailed out its banking gamblers. The West excels at high-level corruption. It's not bribing an official down a back alley, it's done Manhattan high rises and Mayfair team rooms. Both are indefensible but as bad as each other.

corimaith 3y ago
Depends if you think bailing out the banks was the wrong choice overall. The last time the Great Depression happened we got a world war out of it. It's true that perverse incentives were created out of that, but I would ask if the financial industry is still making these mistakes like NINJA loans. Considering how we just got out of inflation without a recession, the US economy seems pretty structurally sound today.
- ilikerashers 3y ago
  Might be true, might not. Checkout out this podcast if you get a chance: https://www.bloomberg.com/news/articles/2024-01-23/brevan-howard-s-jason-cummins-on-the-current-macro-outlook?srnd=oddlots https://www.bloomberg.com/news/articles/2024-01-23/brevan-ho... Not sure we can draw a line under anything yet and there is still lots of potential for economic instability out there.