Comments by "Fredinno" (@innosam123) on "The 1997 Crisis: The Greatest Asian Crisis in History? - VisualPolitik EN" video.

“The biggest Asian Bubble in history?” China: Are you challenging me?
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@lie01234 Dunno, how much cash can you dump into an economy before the economy just dies from the imbalances? That’s one of the big economic questions. China has dumped trillions into the system every time something looks like it’s going to go bad. This was before COVID. Almost every other central bank eventually gives up and at least lets a partial correction happen in order to relieve the pressure. If you don’t... well, the last time that happened was the 1997 crisis, and it was not pretty- the 2008 crisis was tame compared to the 1997 Asian crisis or 1991 Japan crisis. Considering there are several high-profile SOE defaults occurring, there is reason to believe the end has already begun. It’s not that I even want this. A crash in China would trigger another global recession right after the global economy is in a weak state after COVID. And the primary way the CCP takes attention away from the economy is by lashing out against the rest of the world. Not a great combination.
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@lie01234 Nope, bubbles can only be determined with certainty after a collapse, but exist before a collapse. Most post-COVID economic production has been inventory builds and investment due to weak export orders: https://www.bloomberg.com/opinion/articles/2020-08-20/how-an-ordinary-disaster-is-flooding-china-s-covid-turnaround The price-wage ratio of Chinese real estate is reaching the levels of the largest RE bubbles in history while the process of urbanization in China is nearing its conclusion:https://talkmarkets.com/content/global-markets/why-the-fate-of-the-world-economy-is-in-the-hands-of-chinas-housing-bubble?post=127081&page=2 https://ghovexx.blogspot.com/2017/03/the-fate-of-world-economy-is-in-hands.html
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