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China Still Dangerously Close To Deflation Event Horizon Despite CPI Fillip
You may see a headline or two touting the liveliest read on Chinese consumer price growth since last
At what point do the Chinese people rise up against, or resist, Xi?
It’ll probably be about the same time MAGA supporters rise up against Trump 🙂
So, not that long from now?
I have read that, historically, foreign trade resulted in a 29% increase in buying power of middle class Americans. Unfortunately, the groups that lost jobs suffered a 20% loss in their economic situation.
What is probably needed, is job training for those harmed, not tariffs. If MAGAs financial situation doesn’t improve in 4 years, they won’t support his politics beyond this term (imho).
I wish I could be more optimistic, but I think old age is the only thing standing between Xi, Trump, and Putin and the undying power over their constituencies. I don’t believe Trump will be president for life, but I don’t foresee his followers abandoning him ever at this point.
The sad part about the folks who lost their job is they keep hanging onto this idea that oil and gas would create plentiful jobs if it weren’t for them meddling liberals when green energy is and could be an even greater opportunity for them. Trump is going to end up costing a lot of jobs and preventing immigration, legal or otherwise isn’t going to help them.
Maybe everyone can learn to code!
I liked the dragon being sucked down into a black hole. It added a nice physics flourish to the article.