- 2 Posts
- 28 Comments
8·16 days agoYou provided the hexbear link and I read it. Frankly there is a tonne of doomer “but at what cost” bullshit.
The metric is simple. Why second guess it? Rents down = good for renters. If you want them up, you’re a fucking landlord.
You want rent to fund the next project? Then you’re an austerity nut.
There’s a recent video by Garry’s Economics where he says everyone has gotten too obsessed with monetary policy and not focused on fundamental principles like resources. The last 20 years have shown it is not the cure all for economic issues. Putting more money into the system or taking it away will change prices but there’s no correlation with economic success.
If housing is being rented then those resources are being used in the economy. Price discovery has set the money value. Putting housing where people will live is the true sign that government has invested well.
investment was done under the assumption of increasing prices
Okay. This is just a bad way of percieving a real-estate market because property can be rented or sold off. The price of rent matches the service of the debts plus any depreciation. If it’s not going to break even or profit in the long term then it would be SOLD as soon as possible.
If it’s being rented for a low price, the debt is NOT through the roof. I am skeptical that debt is a problem.
This is the opposite of the problem everywhere else where asset prices and debts are all going up and up.
This doesn’t mean an asset is worth more. It means the currency is depreciating in value.
And it means inequality is rising. (The higher price relative to incomes is an indication that the asset is out of reach for more people)
local governments strained for cash after the real estate bubble burst and that Chinese economists are all neoliberals and therefore unable to solve this
“Solve this” non-issue you mean. Local government in China invests to bring REAL economic growth. Rent seeking is not real growth.
When rents shoot up it’s a problem for RENTERS. When they go down it’s a good thing especially for the local economy. It gets more discretionary spending money in renters pockets.
What sort of whack lib cope is this? How the hell are China’s local governments held to a completely contradictory standard than a Western government?
3·23 days ago2 years? Mental addiction more than physical. You’ve gone without it and can see readily available so it’s in your face but you haven’t substituted it with a good addiction. Hence the craving.
If you were addicted to something else that was healthy for you, you would be able to take or leave the McDonald’s without any mental burden. The trick is to find that something else.
Hong Kong is being outcapitalisted by the mainland, with Shanghai and even Shenzhen surpassing Hong Kong in terms of commerce and trade
Might need to read a book or something. Commerce and trade happens in socialism. Vietnam trades with other countries. The former USSR traded with other nations. WTF?
I bang on because it is a racist stereotype of Korean culture. It’s a racist stereotype regardless of the source.
Quoting South Korean women is just a micro aggressive version of of the same racist statement.
Write and then deleted an essay on racism because I can’t be fucked arguing with white people on offensive shit like this. Carry on.
If you don’t have anything to base an opinion on about another culture (other than some shit you heard), then don’t express an opinion.
Spreading racist stereotypes about South Korean people is bigotry. This went well beyond criticism of the K-pop industry.
Korean men are incredibly pushy? Women are expected to wear make-up? These are horrible stereotypes.
IF you go to South Korea, there is no expectation that women have to wear make up. Women are allowed to be casual, dress down, not wear make up, not have plastic surgery. Some people dress up and others do not. OP’s friend did not need to wear makeup every day. All Korean men are not harassing women.
These are bigoted judgemental stereotypes from westoids with a cultural superiority complex - often men who play white savior to “oppressed” brown women. The brown societies are still feudal. White societies are enlightened.
The only minor difference in this case is qualifying it as SOUTH Korea. So the women didn’t have to push the subway train home after they got all made up to get sexually harassed on a night out.
In addition, I’ve heard anecdotes from South Korean friends who say that the men are incredibly pushy, won’t say no, etc. Also, the beauty standards are something else. Plastic surgery is very common. Women are expected to wear make-up in public. Even my Korean friend who never wears make-up in the US would go through the effort every day when they were visiting.
A gross mischaracterization of a country you haven’t visited.
Much like the constant propaganda against other non-white countries who are “inferior” in their treatment of women’s rights: “Brown countries use the burka.” “You aren’t safe to wander after dark, without men harassing you.” “The birthrate is low there because brown men are misogynistic” “If the birthrate is high, it’s because they have to keep trying until they get a son” “They kill the female babies”
6·2 months agoYes. The PetroEuro was Iraq trying to move away from USD and take advantage of interest rates and the rising Euro. The US invaded and overthrew Hussein, forcing Iraq to switch back to USD.
I think the point of the BRICS currency is to give stability for global trading. Something that currently Trump is threatening with all the dumbass financial and trade moves to MAGA. BRICS isn’t trying to collapse the USD. There’s just less demand for USD when BRICS trade with each other using currency swaps as they do now.
I don’t have a good understanding of how gold is going to back this BRICS currency so I am interested in what the next moves are.
As for Europe and UK, fuck em I reckon austerity nuts are going to cut all sorts of government spending. I don’t see any big moves to save themselves economically.
The reason the US moved away from the gold standard was due to the limits of gold supply back in the 70s. It’s interesting that BRICS is trying to go back to using gold.
For the petrodollar, I think the US is seeing the Triffin Dilemma in effect:
The more popular the reserve currency is relative to other currencies, the higher its exchange rate and the less competitive domestic exporting industries become.
If the US has to provide a certain amount of USD so the rest of the world can trade oil with each other, it has to print more currency leading to domestic inflation.
If alternative currencies become more dominant, it actually could help the US reduce inflation. For the rich US capitalists, it’s going to be worse because their assets won’t be flying upwards in price any more. But for normies, it might provide some relief.
2·2 months agoCould they theoretically store or just bury the yeast as a means of carbon capture ?
The US government fear the loss of a sanction weapon more than anything USD price related. If a BRICS currency happens, they can’t freeze out their enemies from international trade.
16·2 months agoState capitalism is what libs call socialism whenever it’s objectively doing too much better economically than their own shit.
Soothes the butthurt to also puff some copium.
About a fifth of the world’s total oil consumption passes through the strait, or roughly 20 million barrels per day (bpd) of oil, condensate and fuel.
“You thought my tariffs on everything would be inflationary for the US? Well hold my beer because guess how unconditionally supporting our 51st state in another war in the Middle East is going to affect global oil prices?” - Big Brain Trump
There are bugs in every system. AI will just create different types of bugs. It’s the nature of technology.
The hype money being thrown at AI is making the F35 of software out of this shit though. Big Tech accumulated so much cash and had nothing to throw it at after VR didn’t take off.
Then we get Skynet.
Stagnant wages, deflationary spiral, etc are all price and money related. This was the point Gary’s Economics was getting at.
Building more resources that are available to more people is GOOD. Asset prices going up is actually a sign the monetary policy has been overused. Property and stock prices can go up if you inject credit into the economy. That does NOT necessarily make the economy more productive.
xiaohongshu has a hate boner for local or some other issues and then is taking a stat like rent prices falling and turning it around to say it’s bad. Or that local governments are going to make a bad move any minute now.
Basically saying “Even though rent prices coming down is GOOD, they built housing for the wrong reasons, so they are going to use austerity next and the sky will fall”
That is classic doomer cope.