Message from @Snake
Discord ID: 623650160253206563
Because they have a aging population
With India it’s fine because they have a younger population
They have basically no social welfare
So it doesn't matter
Lmao
I’m talking about individual debt
@Snake Indians also breed like Rabbits
Oh
Lmao
Yeah I know
Chinks? Eh, not so much
Yeah debt can be a great thing if your population is mostly in its 20’s
That’s because they’re just setting up
America is also pretty good because the millineals
(How do you spell the generations name?)
Are pretty young
millenials
Although it’s bad on the other hand because college debt is fucked
The boomers are also investing in the economy
And I bet that’s what China’s older population is doing
Young ones take loans
That’s a useful thing to keep in mind
lol
'unexpected' recession
ok
lmao
even I knew it was coming and I dunno shit about the economy
the economists are massive fucking boomers, of course it'd be unexpected to them
Economist are always explaining why they’re wrong the last time...
@SPOOKY Phil, Ruler of Heck, that's quite an old article, from January (do the math), and the quarterly data of the last two quarters ___OF LAST YEAR___ were available at the end of each quarter. So, it's no secret, @Snake. Furthermore, it's also the entire Eurozone having this issue, as the U.S. is importing less goods from the EU due to the trade disputes. Finally, the Yuan has continued to drop in price, meaning Europe is now importing more from China, while their surplus production has also further lowered the price of various goods. Ironically, the tariffs we've slapped on China have had the effect of depreciating the price of the Yuan, as any sound economist worth his salt would've told you, meaning the rest of the world will now import more from China as a result, while their exports into the US do not decrease. Thus, Europe will go the way of the U.S. as well, deindustrialized and transitioned into a service-based economy, and you can thank everyone who didn't listen to the "economist" for that. 😂
I'm digging in at the Federal Statistics Office.
Look at all of these unfilled orders:
Looks like the heavily unionized Germans are just sitting around, slapping their cocks.
Lazy fuckers.
Now, the interesting question is how all of this interacts with demand for the various currencies. Technically, if we import less, there is thus a lower demand for the Euro, which then lowers the price of the Euro, balancing everything back out. So, there shouldn't be *much* of an impact in terms of industrial output exporting to the U.S., but don't tell Dr. Trump of Wharton's School of Business.
Germany Industrial Production MoM