Comments by "Godzilla Mothra" (@godzillamothra5983) on "CNBC International News"
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Deflation is inevitable when the world economy slow down, and the US is raising interest rates to absorb the liquidity to deal with inflation, while China need to adjust the overcapacity of its industrial production. Once the issue of overcapacity is dealt with, and it will, whether the soft way or the hard way, price will bounce back, and only God know how high it will bounce. Made in China has kept the price of every thing low for the past 30-40 years, and that era is ending. The world will know the true price of their living standard when the Chinese stop producing cheap goods. The Chinese have plan for the future, they have focus on developing the new industrial revolution like renewable energy, nuclear energy, space exploration, EV, aviation industry and tech etc. Do the world have plan for the future? Vietnam is reaching the bottleneck, India infrastructure will need 20-30 years to even catch up with China. I suspect Mexico is also soon will reach the bottleneck just like Vietnam. On shoring in the US is a joke.
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