Comment by kingstnap

Comment by kingstnap 17 hours ago

The classic joke is economists have predicted 11 of the last 4 recessions.

In case you've never seen it. There are people posting their takes on some sort of economic catastrophe in China, US, Japan, wherever, basically 24/7 365 days a year on YouTube.

It's a very very very common finance bro hobby to do this. Every single outcome that can happen has a million people having "called it" well in advance.

kevin061 17 hours ago

Which is why I'm sceptical of past predictions. Infinite typewriters and monkeys, and such.

I've seen "China is collapsing" videos for the past 10 years. They seem to be going rather well over there so far. They're making the best EVs while American and German cat veterans struggle with electrification. Go figure.

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bobthepanda 14 hours ago

I mean there are legitimate problems with the Chinese economy like youth unemployment.

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- kevin061 7 hours ago
  
  Absolutely. And how the CCP essentially controls any company that becomes sufficiently large. Terrible working conditions and all sorts of workplace illnesses due to exposure to chemicals banned in most other countries.
  However, China not only has not collapsed, but it is becoming stronger every day.
  
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