A global recession is on the horizon - please read OP for mod warning

So fragile lol...she named Xi for what he is that is all. It is good when politicians (Von der Leyen, or Baerbock, think your loon off Twitter spelled the name wrong) speak plainly even if you don't think it has any value.

You or others who think the sun shines from Xi's bottom should just own it really IMO. Better than posting something sad like "German women are hysterical because of something in the water". Kind of pathetic there.

Lot of weak sentiment everywhere i am talking with friends who work with big banks here or local fintechs…looks like slowdown is picking momentum now !

Probably a good idea to fix problems at home before starting to fix someone else's.

VW EV to shut production citing the ending of government subsidies. You couldn't make it up, complaining about other countries receiving the very thing they have been handing out themselves. Probably they may head off to the states and set up shop there, seen as they are handing out massive subsidies to EV carmakers to set up shop.

It should be it is in small circles. But it won't be widely condemned as it doesn't suit the cheap lifestyle that people want/have

It's a likeliness bar chart on a poll of fund managers. US debt was the most "likely" the month before, which says it all.

Not much global exposure to Chinese MBS I'd imagine. Of course, if there's some real estate crash in the world's 2nd largest economy there will naturally be some knock-on effects, but depends on how big/deep it is, if it happens.

This thread is a year and a half old, probably a thousand "big number scary" bar charts and graphs so far, not a global systemic credit crisis in sight yet.

German PPI falls to -12.6%. Unsurprisingly the highest ever recorded fall. Hopefully CPI follows.

Oh lawdy lawd...

Firstly, there is no free press in countries like china, there is no independent verification of "facts", in fact they stopped publishing demographic information recently because they didnt like the numbers anymore. Therefore they are missing the first foundation of a civil society, critical review from non government entities. None of the information is trustworthy and before you say "whattabout Murica!", sure they lie as does every government but at least you can legally criticize them without fear and although post 9/11, they lost the plot a bit on individual liberty and privacy, at least there still is independent critical review of their "facts".

Secondly, "keep people under control", what do you think the purpose of a government is? As far as I can tell its a social construct created to you know, SERVE the people, not make them subservient.

You think western democracy is a nuthouse, fair enough but at least its a transparent nuthouse and the proof is in the prosperity(relative) of its people.

One question would be to ask why such states need to be that size to begin with? If a large state is unable to continue to exist without a strongman to (temporarily) hold it together, then perhaps a superior option would be for it to be replaced with a number of smaller successor states.

The issue with dictatorships, as can be seen both in Russia and China at present, is that such systems are inherently unstable, with information and feedback being highly filtered, and not reaching those in charge, creating situations where the leadership can be acting on wildly incorrect data. No one wants to be the barer of bad news, as they can be, and often are, punished for it, and instead invent statistics and data that their superiors want to see. There are no shortage of examples of such, including the massive miscalculations involved with the Russian invasion of Ukraine (i.e. the state of the Russian military was heavily exaggerated even to the Kremlin, the will of the Ukrainian people downplayed, etc.), doctored records showing record grain harvests during times of famine in the Soviet Union and PRC, etc. Even where it can be seen that the leadership has erred, the lack of non-violent ways to challenge said leadership can result in the situation becoming progressively worse, unless the leadership itself finally makes the necessary course corrections.

In real life of course. The anonymity of the internet sees different.

I love how they think the US needs a dictatorship to keep everyone under control. If a people are "out of control" it means they are unhappy and instead of focusing on addressing what makes these people unhappy, they're resorting to dictatorship. It's ironic because they're here sharing these views that would see them locked up under a dictatorship.

Western democracy is far far from perfect, but it's much better than a one person rule.

Plenty of eegits like that about these days. Comforts of western life gone and they'll not be long changing their tune. It's funny that western comforts lead to this, complete historical amnesia.

Jesus wept