by chrononaut on 8/9/23, 10:55 AM with 1 comments
by richard_rainbow on 8/9/23, 12:38 PM
Could be a start of a vicious cycle of write offs, layoffs and worse. The Chinese are known to be savers in the past and they saw the worst of inflation like many places. Few people were expecting deflation. But there it is.
Last year someone said that Beijing was bent on invading Taiwan but didn't because of floods. Perhaps the report I saw recently was wrong but I believed floods as bad or worse are going on right now there. I have no malice for 2 leggers like me over there, if enemy or friend. Ultimately we are stewards of the same Earth and call ourselves members of the world. For now, at least.