Comments by "HKim0072" (@HKim0072) on "China’s Most Disastrous National Day! Many Factory Owners Fled Overnight While Employees’ Holiday" video.

  1. Don't ever let anyone compare this to Japan. Japan peaked at 5.5% unemployment. But, Pooh Bear will change the numbers and won't report higher than 6%.
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  2. Pooh Bear is finding out that the multiplier effect works equally well in the reverse direction. Works just the same negatively. (I'd argue it's an even worse flow through.)
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  3. This is the correct analysis. There was a brief moment at the end of ‘22 and beginning of ‘23 to get aggressive and throw money at fixing the RE issue. Now, it’s too late and it’s dragging the whole economy into a downward spiral.
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  4. umm. You need to read your sentence again and think for a second. If people stop spending money, what happens to the economy? You really think jobs are safe when people stop spending?
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  5. Meanwhile in Japan, people line up outside before they open in random neighborhood shops. https://youtu.be/Sd_yTwanavo?si=EDZ2Vo6oCSrYSOPZ
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  6. It covered up and masked the data. When Pooh Bear created the 3 red lines, it cut off the RE companies funding. It’s been a downward spiral since then. Nearly, 2 years straight of new home sales down by 20% or more. The lockdowns took away savings and economic activity. Also, it drained the government coffers. Lots of dominos though: their supply chain became unreliable and woke people up to the risk. Foreign companies moved offices out of the country. Then, add in the national security laws. It all adds up and not in a good way.
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  7.  @patrickcardon1643  Wasn't my point. My point is no job is safe if people stop spending money. Their economy is becoming a death spiral. Deflation is a self perpetuating mechanism while in theory inflation is self correcting (if all other levers are held constant).
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