FuckyWucky [none/use name]

Pro-stealing art without attribution

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Joined 1 year ago
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Cake day: March 21st, 2023

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  • Japan was relatively luckier, even though Yen depreciated over 40%, but the impact on inflation was relatively low. They really shouldn’t have raised rates, I think certain section of the capitalists was not happy and pressured the Japanese Government.

    There are countries that got fucked because of the U.S. like Pakistan, Nigeria, Kenya, Laos, Sri Lanka etc. Look at USD/LAK from 2021.

    China has much greater freedom to set interest rates wherever they want without having to worry about exchange rates because of their capital controls, which is why Chinese Yuan wasn’t being used for such carry trades. Even India does to a lesser extent for the same reason.






  • Therein lies the crux of the situation. On one hand she is absolutely right. As in Africa, Global South countries are reacting to economic outreach from China and Russia because a) they need it and America (private nor public) isn’t in the game and b) help from China and Russia doesn’t appear to come with as many strings as U.S. assistance might demand.

    it would be funny if they help global South countries build up productive forces, but that goes against everything U.S. is about. America doesn’t even have a domestic Marshall plan.




  • In May, officials unveiled the biggest rescue package yet. It contains a 300 billion-yuan ($42 billion) central bank fund that attempts to help local governments buy finished but unsold homes and turn them into subsidized housing.

    xigma-male

    Separately, the IMF warned of “significant downside risks” to China’s inflation outlook, saying “a negative domestic demand shock amid high debt levels could trigger a period of sustained deflation.”

    Does it tough? Why would aggregate demand collapse because of real estate developers going bankrupt? They make up a small part of the population and hoard more of their wealth. Also, very funny that IMF only cares about private debt buildup when it affects the porky-happy.

    Where is the concern for a demand shock when you pressure Kenya and Nigeria into raising sales taxes, which has much greater impact on aggregate demand?