varsitywork

5 ms·

1.
by varsitywork 8y ago
> Thats all kind of small considering the kind of information that has already been dropshiped out with no real punishments to the chinese government itself. The western world IS punishing the Chinese government right now. $50B in tarif
2.
by varsitywork 8y ago
> Why wouldn't they get their hands on that? They wouldn't because most of the western democratic countries are now actively preventing China from stealing their technologies. US with the empowered CFIUS, with the latest defen
3.
by varsitywork 8y ago
Exactly. I am not sure what Sam Altman is up to here, but this may be something that Silicon Valley companies and the free world will regret deeply in the future. He mentions > to ensure that the benefits of that are fairly spread thro
4.
by varsitywork 8y ago
Except China cannot take on any more debt to bail out the investors. We're going to see more and more Chinese investors lose their life savings.
5.
by varsitywork 8y ago
US will see high growth because the money that was loaned to emerging markets are coming back. US recorded 4% gdp growth in Q2.
6.
by varsitywork 8y ago
China can't cushion the pain anymore; they've been doing QE since 2008, and they're at 350-400% debt gdp. Way too high even for developed country, which they are not. That's why they're trying to deflate the shad
7.
by varsitywork 8y ago
> in a country with a bias towards savings that's a myth that keeps being persisted, much like their consistent 6-7% gdp growth every year. if you read the article, it mentions that 'He and his family had invested 7 million yua