hark

joined 2 years ago
[–] hark@lemmy.world 17 points 2 years ago (2 children)
[–] hark@lemmy.world 13 points 2 years ago

"Settler" is too neutral a term to describe these thieving jackasses.

[–] hark@lemmy.world 4 points 2 years ago

He should be careful of what he wishes for because if they factored in "the righteousness of israel's path" then the credit rating would be C.

[–] hark@lemmy.world 5 points 2 years ago

b-b-but the ecomony!!1

[–] hark@lemmy.world 7 points 2 years ago (2 children)

Depleted? That doesn't sound good.

[–] hark@lemmy.world 1 points 2 years ago

Will drops in commodity prices show up as deflation or will that just mean greater margins of profits?

[–] hark@lemmy.world 1 points 2 years ago

70% of China's GDP is powered by its real estate market?! Do you have a source on that? This says it's about 20-30% https://www.axios.com/2023/10/11/chart-chinas-real-estate-struggles

which funnily enough, sounds about what it is for Canada, which I could see also imploding from its over-reliance on real estate.

[–] hark@lemmy.world 2 points 2 years ago (2 children)

Thanks for all that information! The point about deficit spending in particular was something I had a vague idea about, but seeing the numbers on spending vs GDP change is very insightful. The US has a huge advantage with its top reserve currency status. I do wonder how isolated the US is from China's problems. It seems like so far it hasn't had much of an impact on the US, but it's hard to imagine failures in the second-largest economy of the world not having some sort of domino effect.

[–] hark@lemmy.world 12 points 2 years ago (6 children)

"Growth at all costs" is the fiscal policy of the US as well, what's the difference between the US and China in this regard? If it's a matter of government intervention, let's not forget the ridiculous amount of money pumped into the market thanks to actions from the fed. The interest rate has been increased after such a long time of near-zero rates, but there is already begging for rate cuts.

[–] hark@lemmy.world 17 points 2 years ago (1 children)

Bunch of amateurs. Don't they know that the proper approach is to flood the internet with articles of "the economy is doing amazing, you peasants just don't know it"?

[–] hark@lemmy.world 1 points 2 years ago

Ah okay, thanks for the info!

[–] hark@lemmy.world 3 points 2 years ago (2 children)

What does being on the list mean? According to the article, Ukraine is happy to sell to China anyway.

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