COVID response to help China become world's biggest economy five years early

Here's simple fact.

Cheap labor

Boom you're on top.

Fat asz bankers????

Naaahhhhh

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Steamroller

Dec 27, 2020 7:15am — Edited

I think China will overtake the West as they are a well educated, culturally homogenous group who take the best from Western culture but generally leave the worst behind. One weakness they have is that they are resource poor and wasteful.

With the West shooting itself in the foot repeatedly it wont take them long.

Not-KPMG

Dec 26, 2020 6:17am

Didn't know US had economy

. Printing economy?? 🤔 😂 😂

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harcos

Dec 28, 2020 11:41am

Quoting RossEdwards

Disliked

@TudoeIoan.. There is a problem here on FF. Few retail traders and posters here have any education in even basic economics, still less in the area of macroeconomics you are discussing. Im sure hes not a fool, just someone that doesnt really know what hes talking about on THIS pretty complicated subject. So maybe your comment about Aus was a bit out of order?

Ignored

I agree Ross.As per education in basic economics I will be the first to admit I have very little but I do know technical analysis and probabilities and do very well trading them as do a lot of the traders here.

Dec 28, 2020 6:43am

Quoting LloydOz

Hidden

Thanks ! Jeeez, a real man here !
Somehow you are way much above that crypto cult. Appreciated !

(admin, please don't hide that post, really no offence taken here !)

Dec 26, 2020 4:47am — Edited

This a reality. May not have dawned on middle america.. but thats a big part of the problem.
Whats needed is smart INTERNATIONALLY COORDINATED strategic policy to manage this inevitable evolution. Trumps policies have been predictably very macho, and divisive of western interests, appealing exclusively to his domestic audience.. but were too simplistic, flawed and while MAY be PART of a much bigger strategy, alone will fail. Whether any of us like it or not.. China has reinvented itself. China has a plan and its working. Unfortunately all the authoritarian things we dislike about CCP have worked to its advantage in its decisive dealing with the CV crisis .
Now the US needs to transform itself.. and regain the confidence of western allies, But I personally FEAR and doubt that the US as a deeply divided society, spending most of its energy in managing internal division.. it has the capacity. If this is so then we're all in trouble and China is laughing.

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Dec 28, 2020 12:23pm

Quoting harcos

Disliked

{quote} I agree Ross.As per education in basic economics I will be the first to admit I have very little but I do know technical analysis and probabilities and do very well trading them as do a lot of the traders here.

Ignored

I agree with you.
Its 100% NOT necessary to have any formal economic education to be a successful trader.
The most talented and successful professional traders I've known in two decades have had NONE.
It is however to have a coherent conversation about macroeconomic monetary and fiscal policy issues.

Steamroller

Dec 28, 2020 4:14am

The others are just 20-30 years behind USA but are essentially following the same model.

A totalitarian regime can be a strength and a weakness.

China has a blend of crony capitalism and communism but I think the party will move towards crony capitalism in future to safeguard its position. The USA is a crony capitalist society which is likely to move towards socialism as the demographics change.

The new demographics in the US favour collectivism rather than individualism.

Dec 27, 2020 9:51am

Quoting Not-KPMG

Disliked

Didn't know US had economy . Printing economy?? {image}

Ignored

Those printed money saved jobs, businesess, families... even your McDonald's job, you primitive anti-system monkey

And stop being a crypto toxic bullshitter on every forum you go, you dumb financial illiterate

Dec 28, 2020 2:58am

Quoting LloydOz

Disliked

{quote} I can't see how. Prove it.

Ignored

If you can't see the earth is round for yourself it doesn't mean it isn't... you have to believe the scientific comunity and the space pics they spread out...
But if the economy would have been spiraling down in deflation... would you have seen that ? ...eah, never mind

Dec 28, 2020 5:02am

Quoting LloydOz

Disliked

{quote} Just some theory or evidence of the claim would have been sufficient. That's all. Simple. Simple evidence that the earth is round and is spinning is all around us, actually. I do not have to "believe" any expert.

Ignored

The point was that nobody seem to care why the boat is floating as long as it's still floating,
whilst if sinking would have caused a riot in all respects.

A part of that stimulus reached people's hands even if some "can't see how" ...and even if not enough.

It's certainly not the case to call deprecatingly a printing economy as that nkpmg crypto maniac use to.

That nkpmg troll is off-topic most of the time anyway...

Dec 28, 2020 5:23am

Quoting LloydOz

Disliked

{quote} Oh, that's pretty sad. People will riot if the government isn't seen to be doing something? Central banks are an arm of government - who pays them? That's end game - the ability of people to find their own innate resilience, individuality and creativity in the face of adversity is swallowed up in the largesse of government band-aids and economic vandalism.

Ignored

Cute! Poetic !

You must be coauthor of Pax Americana

Excuse me, maybe I trouble your deep moment of creativity, are you aware what deflation spiraling is ?

Dec 28, 2020 5:44am

Quoting LloydOz

Disliked

{quote} When the government runs out of spending other peoples money and actually allows the economy to heal organically via sufficient price adjustments.

Ignored

The money don't belong to the people as they are called legal tender even if the people works for the money, ...and the whole money supply is issued by the government ...s'arm.
There's no supply limit when it comes to stop recessions to become depressions.
And this is done precisely for the good of the people.

Oh, one more thing, deficit is a myth started by financial illiterates.

Go on...

Dec 28, 2020 6:08am — Edited

Quoting TudorIoan

Disliked

{quote} The money don't belong to the people as they are called legal tender even if the people works for the money, ...and the whole money supply is issued by the government ...s'arm. There's no supply limit when it comes to stop recessions to become depressions. And this is done precisely for the good of the people. Oh, one more thing, deficit is a myth started by financial illiterates. Go on...

Ignored

The money I earn does actually belong to me and no other entity. That money does not have to be in a form that is issued by the government.

Good luck with the infinite supply thing for the good of the people.. End game. That is accountants talk. They are in control these days.

"Deficits are a myth started by financial illiterates"? Remember when you point your finger there are two or three pointing back at you.

Having said that, I wish that the Fed and all other central banks would hurry up and triple and quadruple their fiat money and debt and get this over with. Why aren't they?

Dec 28, 2020 12:49pm

Quoting RossEdwards

Disliked

@TudoeIoan.. There is a problem here on FF. Few retail traders and posters here have any education in even basic economics, still less in the area of macroeconomics you are discussing. Im sure hes not a fool, just someone that doesnt really know what hes talking about on THIS pretty complicated subject. So maybe your comment about Aus was a bit out of order?

Ignored

Obviously he's not a fool! And I really mean it when I said that people are honest even if they reject macro premise framework. Because macro it's so different from ...micro

And it's alright for people to think global economy as a household, it seem like common sense to them to think like this... I do respect that ...well, except arrogant ignorants and pretentious high-brow pricks here and there

And it was that "average Joe" sintagma I tried there ...substituted with Ozzy

...the perfect example of a simple, strong, straight mind in a super talented mega rockstar

Shit, out of order again, damn, I just can't help it !

Dec 28, 2020 12:50pm

Quoting RossEdwards

Disliked

{quote} I agree with you. Its 100% NOT necessary to have any formal economic education to be a successful trader. The most talented and successful professional traders I've known in two decades have had NONE. It is however to have a coherent conversation about macroeconomic monetary and fiscal policy issues.

Ignored

True.

Dec 28, 2020 11:14am

@TudoeIoan..
There is a problem here on FF. Few retail traders and posters here have any education in even basic economics, still less in the area of macroeconomics you are discussing.
Im sure hes not a fool, just someone that doesnt really know what hes talking about on THIS pretty complicated subject.
So maybe your comment about Aus was a bit out of order?

Dec 28, 2020 12:47pm

Quoting LloydOz

Disliked

{quote} You will quote the significant bits that I wrote which demonstrated I really don't know what I'm talking about. Thankyou.

Ignored

Bit busy at the moment.. maybe another time

UKBanter

Dec 27, 2020 3:38am

Was thinkng how come equities are doing so well maybe its the shift of spare cash to the now redundant banks to the markets(i mean redundant as a store of cash). As not everyone is skint and many middle class relalise their store value is inflating away in the bank. Are they finally clearing out the accounts to put on equities and commodities whilst finally committing to the (rental) home market (house prices seem to be stable) Are they are kicking themselves not committing to a rental years ago?
In trying to work out why the markets havent crashed and in my immediate environment there are layoffs galore of good jobs that are NOT coming back.
In conclusion the old adage about "dumb money" being the last to enter the room whilst the "smart money" is no longer present.
Worrying times everyone but try not to worry as there is nothing that can be done about what is happening. I'm sure some of you will have close ones going mad and irrational. (understandable) (Mrs banter is driving me nuts)

Kipling nailed it. "If you can keep your head when all about you
Are losing theirs and blaming it on you"

Source: https://www.familyfriendpoems.com/poem/if-by-rudyard-kipling

NotBoris

Dec 26, 2020 3:18am

Quoting Pipper64

Disliked

What a load of Bullshit, China coud'nt find a root in a wood stack. CCP a joke

Ignored

China's government ain't no saint, but how's your scott morrison a far right populist???

NotBoris

Dec 26, 2020 3:23am

Thought I came here on Boxing day to see if there might be any news on Nashville bombing but starting to read all these garbage news from Sky.

After Biden won, Sky dumb reporter started asking if there would be WWIII, now this? What load of shxt and pills is Sky news on?? rupert murdoch you are down right evil!

Trader#B857

Dec 26, 2020 1:37am

It is already the biggest economy in the world in PPP terms, which is the approach adopted by IMF in its World Economic Outlook reports, as well as by the CIA in its World Factbook, as most representative of the real size of an economy

Dec 28, 2020 1:08pm

Arrogant morons can't help it either...

Dec 28, 2020 2:28am

Quoting Steamroller

Disliked

I think China will overtake the West as they are a well educated, culturally homogenous group who take the best from Western culture but generally leave the worst behind. One weakness they have is that they are resource poor and wasteful.

Ignored

So being an Marxist totalitarian regime isn't a weakness then.

Nurse, I think we've got a live one!

Edit - do you equate America with being the "West"? They are The World, and have very little in common with the rest of the world. The funny thing is that they are blissfully unaware.

Dec 28, 2020 4:16am

Quoting TudorIoan

Disliked

{quote} If you can't see the earth is round for yourself it doesn't mean it isn't... you have to believe the scientific comunity and the space pics they spread out... But if the economy would have been spiraling down in deflation... would you have seen that ? ...eah, never mind

Ignored

Just some theory or evidence of the claim would have been sufficient. That's all. Simple.

Simple evidence that the earth is round and is spinning is all around us, actually. I do not have to "believe" any expert.

Dec 28, 2020 5:17am

Quoting TudorIoan

Disliked

{quote} The point was that nobody seem to care why the boat is floating as long as it's still floating, whilst if sinking would have caused a riot in all respects. A part of that stimulus reached people's hands even if some "can't see how" ...and even if not enough. It's certainly not the case to call deprecatingly a printing economy as that nkpmg crypto maniac use to. That nkpmg troll is off-topic most of the time anyway...

Ignored

Oh, that's pretty sad. People will riot if the government isn't seen to be doing something? Central banks are an arm of government - who pays them?

That's end game - the ability of people to find their own innate resilience, individuality and creativity in the face of adversity is swallowed up in the largesse of government band-aids and economic vandalism.

Dec 28, 2020 5:31am

Quoting TudorIoan

Disliked

{quote} are you aware what deflation spiraling is ?

Ignored

When the government runs out of spending other peoples money and actually allows the economy to heal organically via sufficient price adjustments.

Dec 28, 2020 12:26pm

Quoting RossEdwards

Disliked

someone that doesnt really know what hes talking about on THIS pretty complicated subject.

Ignored

You will quote the significant bits that I wrote which demonstrated I really don't know what I'm talking about. Thankyou.

Pipper64

Dec 26, 2020 12:42am

What a load of Bullshit, China coud'nt find a root in a wood stack. CCP a joke

Dec 28, 2020 2:41am

Quoting TudorIoan

Disliked

{quote} Those printed money saved jobs, businesess, families... even your McDonald's job,

Ignored

I can't see how. Prove it.

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