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The latter two points were what attracted my attention. And both indicate that Democrats are not done falling into their Doom Loop, which I discussed in my earlier column.
A doom loop, in economics, describes a situation in which one negative economic condition creates a second negative condition, which in turn creates a third negative condition or reinforces the first, resulting in a downward spiral.
Apparently Biden doesn't believe Russia can reach Delaware.The West has to move Putin away from China. That is the real threat.
I think Jake Sullivan belongs in a padded cell.Apparently Biden doesn't believe Russia can reach Delaware.
We can't do without China as a trading partner.The West has to move Putin away from China. That is the real threat.
We can do without a Russian/Chinese alliance. China has many problems of its own:We can't do without China as a trading partner.
They already have an alliance.We can do without a Russian/Chinese alliance. China has many problems of its own:
China’s Economy Is in Deep Trouble
By Desmond Lachman
AEIdeas
July 16, 2024
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This week’s disappointing Chinese GDP (gross domestic product) numbers showed that Chinese economic growth has slowed to 4.75 percent from the very rapid annual economic growth rate of seven to eight percent during the 2010s. This should be a wakeup call for Chinese economic policymakers. It should be viewed as confirmation that the Chinese economy is in deep trouble and that its economic growth model is now well past its sell-by date.
Unless the Chinese government introduces major structural economic reforms that encourage domestic consumer spending, China could experience a Japanese-style lost economic decade. That could have major consequences for the world economic outlook given that China is the world’s second-largest economy and until recently was the world’s main engine of economic growth and its main consumer of international commodities.
The root cause of China’s present economic problems is the highly unbalanced economic model that it has pursued over the past 30 years. Not only did China excessively rely on investment in general and on housing investment in particular to drive economic growth. It also became overly dependent on exports and on a steady supply of cheap labor from its agricultural sector.
One measure of the unbalanced state of the Chinese economy is the fact that investment accounts for as much as 42 percent of GDP. That is approximately double the rate of the advanced economies and has given rise to a major problem of manufacturing excess capacity. With domestic household demand unable to fully absorb its manufacturing output, China has become dependent on foreign markets to take up its manufacturing surplus. This might have made sense when China was a small, underdeveloped economy with a limited international economic footprint. However, now that China has become an industrial powerhouse, its desire to export its way out of its overcapacity problem is being met with increasing resistance both in the United States and Europe.
Much more here: https://www.aei.org/economics/chinas-economy-is-in-deep-trouble/
For now. We have to work on moving Russia towards the West and away from war.They already have an alliance.
Russia doesn't want to move towards the West.For now. We have to work on moving Russia towards the West and away from war.
That just might happen, if Russia loses the Ukraine war in a decisive and humiliating fashion.Russia doesn't want to move towards the West.
Until Putin resigns and they hold new elections, the West should not entertain the thought.
How can we trigger Putin today in order to fuck with the Cheeto?Apparently Biden doesn't believe Russia can reach Delaware.