Sensationalist title with a question mark at the end of it?
The answer is almost always “no”.
Betteridge’s Law of Headlines - I find it has near universal applicability.
Doubly so for any headline predicting a financial crisis of any sort.
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¯\_(ツ)_/¯
“Any headline that ends in a question mark can be answered by the word no.”
https://en.wikipedia.org/wiki/Betteridge’s_law_of_headlines
3rd paragraph:
While the mood is gloomy, experts agree that the bursting of a '08 Lehman Brothers-style speculative bubble is unlikely.
Thanks for digging up the important line. So annoying to have sensationalist headlines like this that bury the lede and completely disprove their own thesis several paragraphs down, but I mean as long as it gets that initial click…
Whoa no way, for real this time?!
Ahh yes, China is going to collapse with its measly 5.2% growth despite global economic malaise.
Xi is shitting his pants right now
Lucy-football-dotjpeg
China bet hard on developing countries because the developed world isn’t growing at a rate that can keep up with China’s economic growth targets. In fact, we’re very quickly running towards the crossover point for Chinese trade dependence on the West vs. on the rest of the world.
Also, a big chunk of Chinese exports to the West is in computers and consumer electronics… Markets which have seen a huge slowdown due to commoditization and aggressive political lobbying from the US.
You hit the target exactly on the spot, I hope you’re already diversified in crypto in preparation
Spamming the entire comment section with this. But maybe, diversify back into some fiat
No, but the country is going to go through a lot of economic pain.
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No, but it’s going to take a pretty good ding to eat that Evergrande turd.
it’s the year of the
linux desktopchinese collapseCapitalism is China’s economy. They’ll collapse together when they do
Convert your fiat to crypto and prepare to transfer wealth across borders with Monero
When China falls they’ll take us all down with them together
Any chance you will heed your username and GiveUp posting this horseshit?
Crypto is so 2020 bro.
You should be telling us to invest in your AI startup…
I’ve already converted all my fiat currency to various crypto including a modest sizing of Monero so I can anonymously transfer my money when China takes over our financial systems
I implore everybody else to do the same. The writing has been on the wall for decades
I implore everybody else to do the same.
Because if I run out of idiots and suckers to off load this worthless shit to I will lose big time.
How exactly is China going to take over our financial systems?
Yeah I think I missed a step there
Ok why don’t you go to China right now?
Cant afford plane tix rn. But youre more than welcome to wire me the 1000€ to fly to Beijing <3
Just start saving, you won’t need money anymore if you reach your Utopic destination.
k i guess ill go :mao-clap: my landlord, brb
I’m HODL’ing atm
