2 ms·
> I'm too old to get excited or upset every time people decide that a trend line must continue to infinity. Yeah. People talk about the Japan of the 80s, you d
by taylodl 2y ago
> I'm too old to get excited or upset every time people decide that a trend line must continue to infinity.
Yeah. People talk about the Japan of the 80s, you don't hear so much about the Japan of the 90s - "the lost decade" outside of economic circles. I'm sure China has no interest in repeating that!
- EA-3167 2y agoExactly, but they're in a much worse position than Japan was. They also have giant property bubbles, but a MUCH worse government, a much worse generational divide, a MUCH worse demographic bomb, and no seeming exit from the "we manufacture things" road onto something more sustainable. Having 1.4 billion people doesn't help either.