this post was submitted on 18 Aug 2023
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Neoliberal
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Free trade, open borders, taco trucks on every corner. Latest discussion thread: April 2024 **We in m/Neoliberal support:** - Free trade and competitive markets
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- The neoliberal mind
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I’ll start by saying I am no economist, but even though it is not a surprising development it looks like the stock market still does not like it.
What are everybody’s thoughts? Will this end up snowballing into something much bigger, or will the situation stay under control?
This shouldn't be systemic. Evergrande has been circling the drain for over a year now and by this point those big international players (etc) that were exposed to it really ought to have got out or hedged.
@CoffeeAddict I don't see it being a 2008 level crisis, but its likely to get worse before it gets better with all the stuff stacked up on China right now. In their politics leading to some western disentanglement, their generational population risks, high interest rates reducing international investment, and catchup from pandemic total lockdowns, they got a lot on their plate.