U.S. President Joe Biden on Thursday called China a "ticking time bomb" because of its economic challenges and said the country was in trouble because of weak growth.
Its far more weird how many people pick one of these countries like its a RPG faction. Can we all agree most of these countries do some totally evil things as far as governments go?
Who gives a fuck how much debt they’re in, they’re all just printing their monopoly dollars anyways and we’re stuck with the inflation. Its like people like to masterbate to their favorite team via internet comments.
I haven’t heard about that but I doubt it. Deflation is horrible. It stops economies from functioning. Your money will be worth more the longer you wait to spend it, so you don’t spend it until you need to. No government is going to let deflation happen without something going horribly wrong, which it might be, idk.
Edit: apparently the consumer sector experienced deflation. I believe that means it shrank, not the value of money increased over time, which is what is implied by inflation/deflation without other context. I could be wrong though. Either way, it doesn’t look great.
Its far more weird how many people pick one of these countries like its a RPG faction. Can we all agree most of these countries do some totally evil things as far as governments go? Who gives a fuck how much debt they’re in, they’re all just printing their monopoly dollars anyways and we’re stuck with the inflation. Its like people like to masterbate to their favorite team via internet comments.
Isn’t China undergoing deflation?
I haven’t heard about that but I doubt it. Deflation is horrible. It stops economies from functioning. Your money will be worth more the longer you wait to spend it, so you don’t spend it until you need to. No government is going to let deflation happen without something going horribly wrong, which it might be, idk.
Edit: apparently the consumer sector experienced deflation. I believe that means it shrank, not the value of money increased over time, which is what is implied by inflation/deflation without other context. I could be wrong though. Either way, it doesn’t look great.
I just wanted to say thanks for explaining this in a way that is helpful to idiots like me.