this post was submitted on 25 Aug 2023
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GenZedong

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[–] [email protected] 9 points 1 year ago (2 children)

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

[–] [email protected] 24 points 1 year ago (1 children)

mfers be like 'china has too many houses this is bad'

I FUCKING WISH WE HAD TOO MANY HOUSES

[–] [email protected] 16 points 1 year ago (3 children)

Had a friend today give me a "whatabout China's real estate crisis?"

This was in a conversation about American police brutality... JFC

[–] [email protected] 15 points 1 year ago

whats next?

too many doctors?

too much food?

fucking liberals

[–] [email protected] 13 points 1 year ago

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.

[–] [email protected] 5 points 1 year ago

An american talking about a real estate crisis about other country is funny af. DUDE YOU LIVE IN A REAL ESTATE CRISIS!!!

[–] [email protected] 14 points 1 year ago (1 children)

Deflation is actually a good thing lol.

[–] [email protected] 5 points 1 year ago (1 children)

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.

[–] [email protected] 4 points 1 year ago* (last edited 1 year ago) (1 children)

One devil advocates would be that debt increases in value. Since Americans are perpetually in debt, that would be bad.

[–] [email protected] 1 points 1 year ago

Ah, good point. Pretty interesting stuff, never thought about that before