#Mohamed El-Erian #China #Globaleconomicrecovery
Mohamed El-Erian, president of Queens’ school at Cambridge College and Allianz chief financial advisor, joins Yahoo Finance’s Myles Udland to debate China and financial restoration around the globe.
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Yes blame China even though the US Fed Reverse Repos are hitting 1 trillion dollars daily. America is about to fall because of the incompetence in government on all levels
We must begin the process of moving away from all trade with China. It is the moral problem for the west of our generation.
Tbh, this nonsense has made me alot more bullish on emerging markets invested even more into china this week. Alot better value in other markets especially emerging markets, US stock market is a bubble atm.
Wallstreet is damaging American people wealth to feed the communist dictators. Just look how little savings average American has in the bank compare with Chinese. Very sad. Not even mention the third world infrastructure in America right now. The politicians and the elite are ripping off America tax payer to enrich themselves. They moved out our jobs crippling our production and much more…Much more
%%~@#~#@$$$~@#~Indian Delta virus originated in Delhi, India, and exported to the world. There is evidence that it was caused by the virus that they had wiped their buttocks and continued eating with their hands.they cannot buy soap to disinfect their hands
I used to be a Chinese, now I want to tell all of you how rubbish China is! Don't have much hope for China, because it will always disappoint you in the end! Don't look at how beautiful it is now because it is just a superficial phenomenon. There is no real sense of responsibility in this country from the top to the bottom, the thing this nation care is only chasing benefits!
China has created the huge disaster of covid-19 to the world. If you look at China's domestic propaganda and public opinion, they don't have the slightest guilt. Instead, they have been determined not to admit forever that the virus originated from China, and they have been laughing at the sufferings of other countries in the world all the time!
China's scientific and technological development is largely derived from the introduction of research results from Europe and the United States, and China has paid very low costs for this, but has great benefits. Because of the so-called academic freedom, China can send students to foreign universities to participate in research, and these students can return to China with research results in a few years. This is how China relies on the open academic platform of advanced countries to grow itself. One of the most well-known examples is Qian Xuesen in the 1950s. After returning to China from the United States, he made a great contribution to CCP's missile and satellite business. For this reason, CCP elevated him to the status nearly a saint in the national history, and made a vivid narrate, describing how he withstood the malicious obstruction of the American authorities and returned to China heroically with the help of CCP. This is what China has always done, using American technology for free meanwhile cursing the United States.
There are many other absurd things in China. One thing is certain that China's economy will eventually collapse. Taking housing prices as an example. China's housing prices are already peak in the world. For example, in the main urban area of Beijing, housing prices are as high as 100,000 yuan per square meter, and the average monthly income of an ordinary employee in China is 10,000 yuan. Maybe you think this must be some elegant residence, but unfortunately it is not. This is just one apartment in an ordinary high-rise apartment even old Khrushchev buildings. That means, in order to buy one square meter of a certain floor in a high-rise residential building in the main urban area of Beijing, an ordinary Chinese needs 10 months' income, and many Chinese's income is less than 10,000 yuan. And this does not include the cost of decoration. Regardless of Beijing, even in third- and fourth-tier cities, the price has reached several thousands yuan. People will be surprised why these happen, the reasons are: the welfare of the Chinese people has never been the primary consideration of the Chinese government, the submissiveness of the Chinese, the huge population and fierce competition of china, and the speculative mentality. They always feel that the government will control the property market to prevent the collapse of the property market. . However, all this must not last long.
China's development has reached its limit: the limits of their minds.
Chinese characteristics: snobbery, money worship, power worship, empty mind.
China has the largest number of corrupt officials in the world.
De Couple from the CCP. We all know the CCP wants to enslave the planet. Don't play nice with a serpent.
CHINA HAS TOOOOOOOOOOOOOOOOOOOOOO MUCH DEBTS AND IT CANNOT BE SUSTAINABLE!!!!!!!!!!!!!!!!!! CHINA FINACIAL MARKET IS INDEED STARTING TO COLLAPSE NOW!!!!!!!!!!!!! CHECK ITS 10YR BOND YIELD WITH US BASED ON TIPS YIELD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Buy Bitcoin. Escape this communism.