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I’m obviously not suggesting that they’re gonna collapse or anything stupid like that, but are they in a deflation or not because the media is talking about it a lot. At this point I don’t even know if they’re taking facts and twisting them to suit their narrative or if they’re just making it the fuck up
mfers be like 'china has too many houses this is bad'
I FUCKING WISH WE HAD TOO MANY HOUSES
Had a friend today give me a "whatabout China's real estate crisis?"
This was in a conversation about American police brutality... JFC
whats next?
too many doctors?
too much food?
fucking liberals
I've been reading about China's real estate crisis since I was a child. I suspect that I will be reading about it until the day I die.
An american talking about a real estate crisis about other country is funny af. DUDE YOU LIVE IN A REAL ESTATE CRISIS!!!
Deflation is actually a good thing lol.
This is what I’m very confused about. I read before that deflation is a sign of a slowdown/recession in the economy but like also having your current worth more/prices going down sounds objectively good to me? Is there any good Devil’s advocate position that can put forth any negatives for deflation because China certainly doesn’t seem like a slowing economy to me.
One devil advocates would be that debt increases in value. Since Americans are perpetually in debt, that would be bad.
Ah, good point. Pretty interesting stuff, never thought about that before