OverVolt
Lifer
- Aug 31, 2002
- 14,278
- 89
- 91
The hell you say... The world economy can't depend on China building empty cities and Canadians trading houses they can't afford...
You can paper over a balance sheet recession or banking recession but this would seem to be a commodity recession. Me personally I won't use more oil at any price. I get 36-40mpg and thats that.
I have most of the cheap Chinese shit I will ever need. Historically China does this over and over again. China overproduces to the point of saturation then collapses. Instead of spices this time its cheap plastic shit and electronics.
The great wall was even a giant do-nothing project just like their giant do-nothing cities. Everyone is panicking that China will take over the world economically but that ain't gonna happen.