Historically, Socialism has been great until the State runs out of other people’s money. In the case of China, it will continue to be great until China’s banks run out of their own loans.
China’s debt-driven “miracle” is a bubble expected to pop somewhere just over the horizon.
China doesn’t mean to burst Trump’s bubble, but when bubbles are bursting, the more the merrier.
While the international spokesmen (AKA pundits and news writers) tell readers what they want the readers to know they should believe, China understands two things: 1. Trump’s ideas are unconventional, 2. US election rhetoric is usually “trumped” up.
Economics will likely shift across the Pacific due to a plurality of causes. China says everything will remain more or less the same. So, everything remains more or less the same.
North Korea gears up for a fifth nuke test. The South sees it as more of a power move in lieu of Northern isolation. Russia and the US clashed sheathed sabres; China piped-in as was opportune.
The Japanese had some of their own problems, though none them nuclear, which is more than can be said for Korea. Japan’s earthquake was the largest since 2011 and seemed to coincide with Ecuador’s broken record of 1900. This was definitely a week of shake-ups.
…Chinese State media
Source: Pacific Daily Times
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Categories: Cadence Column