Sensationalist title with a question mark at the end of it?
The answer is almost always "no".
this post was submitted on 28 Aug 2023
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Betteridge’s Law of Headlines - I find it has near universal applicability.
Doubly so for any headline predicting a financial crisis of any sort.
"Any headline that ends in a question mark can be answered by the word no."
https://en.wikipedia.org/wiki/Betteridge's_law_of_headlines
3rd paragraph:
While the mood is gloomy, experts agree that the bursting of a '08 Lehman Brothers-style speculative bubble is unlikely.
Thanks for digging up the important line. So annoying to have sensationalist headlines like this that bury the lede and completely disprove their own thesis several paragraphs down, but I mean as long as it gets that initial click…
Whoa no way, for real this time?!
Ahh yes, China is going to collapse with its measly 5.2% growth despite global economic malaise.
Lucy-football-dotjpeg
Xi is shitting his pants right now
China bet hard on developing countries because the developed world isn't growing at a rate that can keep up with China's economic growth targets. In fact, we're very quickly running towards the crossover point for Chinese trade dependence on the West vs. on the rest of the world.
Also, a big chunk of Chinese exports to the West is in computers and consumer electronics... Markets which have seen a huge slowdown due to commoditization and aggressive political lobbying from the US.
You hit the target exactly on the spot, I hope you're already diversified in crypto in preparation
Spamming the entire comment section with this. But maybe, diversify back into some fiat
No, but the country is going to go through a lot of economic pain.
it's the year of the ~~linux desktop~~ chinese collapse
No, but it's going to take a pretty good ding to eat that Evergrande turd.
Capitalism is China's economy. They'll collapse together when they do
Convert your fiat to crypto and prepare to transfer wealth across borders with Monero
When China falls they'll take us all down with them together
Any chance you will heed your username and GiveUp posting this horseshit?
Crypto is so 2020 bro.
You should be telling us to invest in your AI startup...