The new recession is arriving?
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This topic thread certainly appears to be very much a false start
But here goes another speculative post
Chinese property giant Evergrande may default on its massive $300bn debt.
The title of this thread should be changed because the recession/depression is not arriving, it has already arrived
https://www.marxists.org/subject/economy/authors/winternitz/1949/marxisttheoryofcrisis.htm
Marx’s theory of crisis is explained in simple terms. It destroys the myth that this society is stable and that it is reliable. Any country or any so-called strong economic can have a crisis, and crises are longer than the so-called period of prosperity. There is already a crisis of overproduction
Crisis never start at the financial point, they always start at the production point for super production and it can reflects itself in another sector Our china mouthpiece on this forum says that china economic is a German tank but it is already shaking despite its large commodity production and evergrande is falling apart and when the shit hit the fan it is going to spread all over
https://www.nytimes.com/2021/09/19/business/china-evergrande-debt-protests.html
We have never propagated fairy tales. Employees of Evergrande are protesting because their employer took their money which was loaned to the company , similar to the Great Depression of 1930 when all the banks kept the savings of the workers.Is there any difference between Chinese capitalism and the other capitalists ? No, only the geographic location of the capitalists. Probably, they are going to say that this is a CIA source, but the journalists made researches from different sources
China’s economy faces new downward pressures and has to cut taxes and fees to address the problems faced by small and medium-sized companies, according to the country’s Premier Li Keqiang.
https://www.aljazeera.com/economy/2021/11/3/chinas-premier-warns-of-new-downward-pressures
They don’t want to use the word Stagnation, that is what really is taking place in China and it also means that there is going to be a massive unemployment within the Chinese working class, probably, they are going to do like in Vietnam, or Phillipines where they are exporting workers to others countries around the world
Is the super-bubble about to burst?
https://www.theguardian.com/business/2022/jan/25/us-stock-markets-bubble-tech-results-investors
Every capitalist reform create the following crisis
https://www.yahoo.com/finance/news/aoc-corporate-price-gouging-is-fueling-inflation-185623394.html
It looks like AOC does not have a clear understanding of the concept of inflation and the causes of inflation
Grim speculation by the head an assets management company seeking publicity and more clients !
It is true that stock markets are overvalued as prices there have been inflated by QE and that they will deflate when QE is wound down. The hope of the monetary authorities is that they will be able to manage this in an orderly way. Nobody knows whether or not they will be able to. So asset managers like Dent can exploit the anxieties of small investors.
In any event, a stock exchange crash is not the same as a slump in production. This could occur but the immediate cause is more likely to be the effect of the sanctions imposed by the West on Russia and the measures taken by Russia to counter them. Western politicians are taking a bit risk here which Western oligarchs might not thank them for.
Incidentally, the Daily Excess is even less to be trusted as a source of reliable and unbiased information than the Daily Wail. To be honest, the extent of the latter’s coverage is quite good but you need to check what they cover with other sources, not just pass them on without comment.
It is fictitious capital
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