Granny checkin' her Chinese rickshaw stocks dat Chinaman sold her... Noted US Economist Warns of Future Economic Woes in China November 19, 2016 - The renowned American economist Paul Krugman says "China in 2016 looks a lot like Japan in 1989" right before Tokyo headed into a prolonged period of financial crisis known as the "lost decade."
I see no issue with China. The govt has always been very deeply involved in the economy and thus has achieved very steady growth, somehow.
Of course there should be concern...just as when the US has a depressed economy it also affects markets around the world...if China or any other major economy becomes depressed...it will affect the US and others. The answer to how critical things might get depends on the nature of the economic downturn, how government responds, and the duration of the downturn...
I say pay attention while you say bury your head in the sand. I want to know every nuance of the world economies while you just wish to be arrogant. In case you have not been paying attention, although the USA is the greatest nation on Earth, it does not take much to knock us off our pedestal...
noting China has 35 years of 8% economic growth is burying my head in sand???? - - - Updated - - - and that is exactly what liberal socialists are trying to do.
Has nothing to do with China's growth...any concern has to do with China in the future. News flash; there are no conspiracies by anyone to knock the USA off it's pedestal! The US going into a recession or depression will not benefit anyone...
8% growth for 35 years straight tells you that their future in better than anyone else's; so the last thing you should worry about. - - - Updated - - - and the whole world agrees so why are you pointing it out???
When Trump bankrupts China guess what they're going to do? Who knows really, but they're not going to be too happy losing all these jobs - they already have an issue with too many men (depressed men at that) that can't find wives because they had that one child law and basically murdered their female babies. Lets just hope China can respect the United States enough to understand our position and our needs as a nation presently.....
hopefully he won't bankrupt China because we really really want them as a friendly Republican capitalist nation to maintain the world peace that Republicans have build since the cold war ended.
I love how you said the "cold war ended" that is hilarious... Yea, lets forget about all that (*)(*)(*)(*) that happened before the cold war ended.... Oh and who started it. Civil War Spanish War WWI WWII Korea Vietnam Of course we have all these minor conflicts er the crazy regimes we support but whatever - it's always the democrats pounding anyone they don't like if they have the numbers.
Don't count on it. Prepare for it to continue. And, for the next four years, the rich will get immensely richer and the poor will all run-in-place. We, the sheeple, asked for it, so we'll get what we deserved. In fact, the popular vote was against Trumpery, but that's "democracy" when it depends upon an archaic system like ours ... - - - Updated - - - Patent malarkey. Substantiate your argument. Forgot to take you meds ... ?
What Krugman actually said here, excerpt: And, And, I have to agree. It's change time in China, which means fundamental change. That is, one helluva lot more of Chinese personal consumption to sustain Demand. If the Yanks and Europeans want to short-circuit their own economies by massive acquisition of (cheap junk) Chinese wares, that's their business. But it does little to help their own economies. In fact, it is one of the reasons that we (both the US and EU) are in the present fix. We all crowded onto the Chinese bandwagon of cheap goods. And, guess what happened? Come the first economic-crack (like the Great Recession) and we nose-dived economically! These two major world Markets, the US and the EU, the population sum of which is over a trillion-people consists of one helluva market economy for forward economic growth. Which means what, when one comes down to the nitty-gritty? It means that the rich and super-rich will get immensely "more wealthy" in an economic system designed income-taxwise to pump Income into Wealth - which is exactly what the people surrounding Trump are all about. Especially his Goldman Sachs hires to the government payroll. Yep, we, the sheeple, are going to pay them to continue the rip-off of the economy that economist Piketty described here a long time ago: Moreover, one of them (precursor US) is already in recovery mode unemployment wise and has been for two-years - see here. We were back to an unemployment rate of 5.7% (down from 10% in 200 since January, 2015. And we are now more than one percentage point further down at 4.6%. Nobody noticed last November 8th? Not to worry, Trumpery will take credit for having "Saved Uncle Sam"! Bombast is all he is good for ...
A successful communist regime that uses heavily regulated capitalism to achieve stable growth! Kind of blows away the BS that all communist regimes are wrong and only deregulated capitalism is the way to achieve success. China's problems are not insurmountable so while Krugman is right to sound a warning I would not assume that China won't be able to handle it's own crisis. It can call in the trillions of dollars owed to it by the US government to cover any shortfalls and use that to stimulate the economy. Failure of the US to honor those debts would hurt the US far more than it would harm China so they will get their money. What most people don't understand about the Chinese is that they always play the long game which is the exact opposite of how the USA operates. Yes, they might run into a crisis and it might be aggravated by the Trump regime doing something stupid but it won't lead to the collapse of the Chinese regime and anarchy. Instead it will have some benefits to the rest of the world such as a lower demand for oil and thus cheaper prices here at home.
If Trump causes any kind of economic problems with China they will just demand that he return the trillions of dollars that they are owed. That will mean that Trump will be forced to declare the US bankrupt because he can't repay that debt all at once. And yes, this is just how Trump operates. Then it will be hardworking Americans who end up being hurt because Trump is a mental midget who doesn't understand how international economics, politics and diplomacy work in the real world.
You act like that didn't just happen for the last 8 years. Get your head out of the proverbial liberal gutter.
From what I've seen on this forum, I know what is happening in the US a lot better than most of you (plural). Stop with the Nitpicking Nonsense and try to post something more sensible. Or, you might just consider "going away"? This is, after all, an "Economics Forum"? Know what the means or must I give you a definition ... ?
when Trump ships 30 million illegals home there will be 30 million new jobs for poor Americans and huge upward pressure on wages!! He could beat Barry with 2 hands tied behind his back.
