03-08-2019, 10:14 PM
(03-08-2019, 02:47 PM)John J. Xenakis Wrote: ** 8-Mar-2019 Shocking China export figures may signal global recession
Analysts are describing China's February import-export figures as
"shocking," and possibly a signal of a global recession.
<snip>
- China came through the 2008 financial crisis by huge spending
programs, and it's catching up to them. The debt-to-GDP was at 250%
in mid-2018, up from 14% in 2008. Today, in 2019, Goldman Sachs says
that it's over 300%.
- The country is riddled with loss-making factories, with excess
production capacity, insolvent "zombie" companies, all parts of a
wasteful economy created by debt, corruption and extreme
centralization of power in the hands of the Chinese Communist Party.
- In 2018, the rate of corporate debt defaults set new records.
- Nonperforming bad loans are a record levels, estimated at a total
of $8.5 trillion, 24% of total credit.
- Capital outflows and capital flight is rampant, as Chinese
investors have been driving up real estate prices in many western
capitals, as in 2018 they remained the top foreign residential real
estate buyers in the US for six years in a row.
- China's birth rate keeps falling, despite ending the one-child
policy in 2016, and is now the lowest since 1949.
That's what's happening in China. The CCP spent barrels of money, but
has only created bloated bureacracies, zombie companies and ghost
cities. As I wrote recently, except for financial services companies,
there are no profitable companies in China except for one: Huawei.
And Huawei is under attack internationally because it's more and more
widely understood that Huawei devices and chips have backdoors that
can be controlled by China's military.
<snip>
For a minute, I thought you were talking about the US
* Zombies A USA
https://qz.com/1141732/one-in-every-10-a...-a-zombie/
* crashing birth rate.
https://www.wbur.org/onpoint/2018/05/23/birth-rate-drop
* Defaults here and now, and upcoming!
https://www.businessinsider.com/10-state...ult-2010-5
https://www.zerohedge.com/news/2018-09-0...ial-crisis
https://www.nytimes.com/2019/03/06/us/po...ficit.html
https://www.cnbc.com/2019/02/21/consumer...llion.html
* Non performing loans
https://www.consumeraffairs.com/news/sub...51618.html
Hahahahahahah Private equity companies get to eat some shit here.
The US doesn't isn't as bad wrt total debt level 'cause we can do CTRL-P with our reserve currency. However as a saver, I want the FED to go to hell for fucking up my interest rate return with QE infinity.
And... Der Trumpfenfurfur's tax cuts for the rich have resulted in record deficits for a nice cherry on top.
How about the US's falling lifespan?
https://www.vox.com/science-and-health/2...inequality
Does China have an inequality problem like the US?
Is China a literal shithole country like the US?
ttps://www.kron4.com/news/bay-area/san-francisco-named-poop-capital-of-us/1510436442
https://www.theatlantic.com/amp/article/584380/
---Value Added 
