Fascinating! Thanks for sharing. The notion of a generation seeing all of that happen in their lifetime is wild, I feel like they should be studied for what we’re gonna go through with AI
The quadruple whammy of seeing your society turn from agricultural to manufacturing to service to AI dystopia in a single lifetime… it should be brain frying idk how they do it
The exchange rate line at the end is the most important point, the whole arbitrage only works while it works. ZIRP abundance was fake money catching up with itself. Chinese manufacturing abundance feels more real because there’s actual productive capacity behind it, but the debt footnote you drop at the end suggests the mechanism might not be as different as it feels on a Saturday night in Shenzhen.
Thank you for the pictures of the T-shirts. I just had to know
I needed to make it clear for any potential fact checkers
Who says deflation is all bad?
It’s lowkey kinda based sometimes
Fascinating! Thanks for sharing. The notion of a generation seeing all of that happen in their lifetime is wild, I feel like they should be studied for what we’re gonna go through with AI
The quadruple whammy of seeing your society turn from agricultural to manufacturing to service to AI dystopia in a single lifetime… it should be brain frying idk how they do it
I really enjoyed reading this
Loved this and learned a lot!
Thanks Liam!
The exchange rate line at the end is the most important point, the whole arbitrage only works while it works. ZIRP abundance was fake money catching up with itself. Chinese manufacturing abundance feels more real because there’s actual productive capacity behind it, but the debt footnote you drop at the end suggests the mechanism might not be as different as it feels on a Saturday night in Shenzhen.
The exchange rate better not worsen for me bc I really wanna go to China more this year