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ECONOMIC WOES Graham Stephan ... China’s Economic Collapse Just Got Worse Original article: https://www.youtube.com/watch?v=4JEdz1eA2vQ Peter Burgess COMMENTARY We need to be careful as we assess what is going to happen to an economy in the future. Economics does not follow rigorous scientific rules, but is an aggregation of what people choose to do. At best, policy makers are doing little more than 'pushing on a piece of string'. Accordingly everyone should be very wary of confident predictions. I am particularly concerned that political leaders in the past have used war as the economic stimulus of last resort. Essentially this was the genesis of WWII ... the German economy was devastated post-WWI and it was Hitler and the Nazi Party that built up a military capability in secret to enable WWII. Failure of the economic foundation for a society is not going to be stable, and it is very difficult to predict what the specific outcome might be, but fairly certain that it will not be peaceful. Peter Burgess | ||
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China’s Economic Collapse Just Got Worse
Graham Stephan Aug 19, 2022 3.95M subscribers ... 1,220,708 views China is experiencing an economic downturn as they lower interest rates, spending decreases, and property values decline - here's what this means for everyone watching - Enjoy! Add me on Instagram: GPStephan In response to slowing growth, a declining property market, and falling demand…China did the unthinkable, by LOWERING INTEREST RATES to help stimulate MORE growth, while - at the same time - pumping $60 BILLION DOLLARS into the financial system as a way to incentivize lending. However, they maintain that “the government won’t roll out massive stimulus measures or flood the financial system with too much new money, and would instead aim for stable prices, and 'a relatively good economic performance.' Now, in an ORDINARY MARKET, such a rate cut and injection of money would be seen as a BULLISH sign for the economy - but, in THIS case - it’s seen as a REALLY NEGATIVE signal, as yet another failing effort to keep the economy afloat just a little while longer. In just the last few days, 5 state owned companies were removed from the US Market citing “high administrative burden and costs” as the reason for their decision - however, the timing happened to come just months after the SEC flagged those companies for failing to meet United State’s auditing standards - leading to the assumption that - maybe more businesses are about to follow. After all, China responded by saying that “they are reluctant to let overseas regulators inspect local accounting firms due to national security concerns.” - and, with the clock ticking, either China must comply, or over $1 Trillion Dollars could be de-listed from our US-based markets.
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