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Chinese economy expected to have slipped into deflation as recovery falters
(www.theguardian.com)
this post was submitted on 08 Aug 2023
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Your employer also makes less which means a lay off or reduced pay. It's good for banks though since they make good returns on existing loans and do not have to lend it any new money to see good returns. Glad you want things to be good for bankers.
That only applies when the employer isn't riding high on the profits of price gouging and wage theft. Bankers and CEO can lick the dirt off the bottom of my shoes before I grant them an ounce of compassion.
No, that applies to all fucking business. Grocers, for instance, make very little off what they sell. Farmers make an even smaller profit margin. Hitting them across the board with lower revenue while their fixed costs are still largely the same is a recipe for them going under and the bank seizing the assets.
Calling for deflation is literally having compassion for bankers. So good on you, mate. Keep on licking the boots of those bankers.
The only way anybody could be this ignorant and think they're the good guy is if they're a bad faith actor. Fuck all the way off.
You're the one calling for helping out the fucking banks via deflation, you dunce.
They are calling out the system entirely, you have just missed that point and tried to jump on a 'gotcha'.
I agree with you. These capitalists spit on climate activists calling them doomers and even worse terms. But the moment someone suggests that it's ok when the line doesn't have to go up always... it's pitchfork time.