Member when V. Lenny said the Economist was the ‘European organ of the aristocracy of finance’ and a ‘journal that speaks for British millionaires’
That means we can ignore it
/s nah but places like the Economist, FT and Business Insider actually have better material analysis than other MSM orgs as their readership demographics tend more towards rich sadists than peasant masochists
Not the Economist. The Economist has some of the wildest takes, would much rather get analysis from, like, cnbc o
cnbc the outlet who’s editor in chief was one of the major propagandists smoothing out the GFC?
That was K. Marx, V. Lenny called it “a journal that speaks for British millionaires.”
If everyone in the US is throwing their money at AI then the returns are going to be lower. If 3 AI companies can’t walk down the street without having 30M dollars poured onto their heads then investment is inflationary. You’ll pay more money for a smaller piece of the return. You need investment elsewhere. Bond yield in the US just went lower as people pull out in favor of stonks. Therefore domestic federal bonds don’t have the returns they once did. That leaves foreign bonds and companies.
China is winning the trade war. It has learned to escalate and retaliate as effectively as America. And it is experimenting with its own extraterritorial trade rules, thus changing the path of the world economy.
After six months China is breathing more easily than America, for three reasons. First, it has proved able to withstand American coercion and deft at retaliating, achieving what is known in the jargon as “escalatory dominance”.
Amid all the tit-for-tat, China is developing, by trial and error, a new set of global trading norms. This is its second area of success. It wants to build a Chinese-led system on the ruins of the old liberal trading order, one which will rival Mr Trump’s empire of tariffs. Already China has shifted the geography of its trade: in the year to September its goods exports grew by over 8%, even as those to America fell by 27%. China’s threats to limit rare-earth exports inspire fear because it dominates the market and could cripple Western manufacturing supply chains.
The final reason why China is winning is that the trade war has made Mr Xi and the Communist Party stronger, not weaker.
The narrative is clear - China has our number and has well positioned leverage. It’s got the recipe for global growth, not just within its own borders. Western investors have no choice but to chase that growth.
The bad news is that this will likely lead to increased conflict in the West, as we’re seeing with escalations in the Caribbean. US investors need to be hands-off with China for now yet they will continue to use old methods of imperialism to secure new routes of investment. Crushing left (or left-ish) wing governments in South America to open up investment in those countries. War will also act as a pressure relief valve for investors upset with Trump. If that fails, then we get pretty close to collapse. If everyone gets mad at Trump yet he decides he really does have the divine right to rule, then there will be bourgeois infighting the likes we haven’t seen in a while.
I can’t wait for future history books to pretend like it was just trump that brought the downfall of america and that’s the only reason they surpassed the US
oh shit, you know the US is cooked now
The Ecommunist, SMH my head
My whole rule of kf thumb for bourgeois media is ‘the opposite is probably true’ now you’re telling me I gotta rethink my heuristics??? :(
Watch them do a 180° turn and say it will collapse again next year.
