Memes

It is economy

Run the gauntlet yeye

It is kinda funny how people understand that hyperbolic and scandalous language grabs our attention, their attention gets grabbed by hyperbolic and scandalous language and then they laughing at those who used that language. You got played. They aren't wrong as much as you didn't understand what they are doing. An investor is rewarded for having the correct opinion but only if everyone else is wrong. They are professional liars. So they get money because they misled the public and they get money for the attention that they generated. They cashed in twice.

Personally, I do think china will face great economical challenges in the near future though. E.g. The collapse of evergrande and the consequences on the whole sector will make some waves. Let's hope the public won't suffer.

Before anyone wants to jump at me for shitting on china and praising the west (I did neither), I think e.g. america is a dumpster fire economically speaking and the eu is struggling at best.

If anyone is interested to share with me their opinion on a (in my opinion, a very probable) collapse of Tesla will impact the EV market, especially the Chinese market, please do!

China has a demographics that will severely kick it in its balls very soon, and that is probably an understatement.

China is following the playbook of Japan, South Korea, Taiwan and similar countries. The all used window guidance to quickly grow targeted industries, which actually worked very well. All of them are wealthy countries today. However that dependence on how good the window guidance is. They take on a lot of debt to invest and it only works as long as the investment is actually smart. If not the debt increases and that causes massive problems down the line. So it creates a bubble and when it pops it hurts badly. After decades of growth those bubbles probably are nasty.

These two aren’t necessarily mutually exclusive.