RE:RE:A world in transition in macro sense, china (CCP) created and popped their own bubble.
The mighty dragon isn't easy to slay, it needed the :
real estate ponzi to pop
self induced covid lockdown, forcing foreign manufacturers and investment else where. Even the chinese moving their money (and family) out of china.
the fault ambition to dominate the renewable energy sector (solar, EV, battery). We are slowly seeing the end result of ESG push, just like what happen to Sri Lanka, except china is bigger and more diversified, wouldn't totally collapse like sri lanka.
the battery boys and don swan think more EV charging stations, better battery (kW), faster and faster charging (Amps) would solve fix the EV weak points. All wrong. The achilles heel is... take a guess...it's a very simple matter, here is a hint:
mrbb wrote:
remember the
Paper Nippon bubble
Paper Asian Tiger bubble
Now the paper dragon bubble popped
In the west we have the
dot com bubble
US housing bubble
Weed bubble
NFT bubble
EV bubble
AI bubble (TBA)
Crypto bubble (TBA)
Donwaan wrote: The market giveth and the market taketh away. It seems China can't be counted on to drive the worlds economy any longer, it's period of explosive growth coming to an end. And then there's all those annoying EV's. GLTA