/biz/ - Business & Finance

Did anyone else read that Carnegie article they put out about China? They don't even touch on demographic issues and basically say that China has to shift huge amounts of its growth engine onto the consumer side despite consumers being more wary than ever to spend, and that otherwise they'd need to grow their debt levels to 500% of GDP to maintain 4% - 5% growth over the next decade. That's again assuming nothing about their demographic challenges, and was put out just before that credit downgrade was released, making that insane debt level even less possible to maintain. It also pretty much said that their current model was only sustainable if the rest of the world intentionally stopped investing in their own local manufacturing industries to compensate for China's slowdown, specifically to help China, which they pointed out was patently absurd. There's a point in the article where they suggested that by the early 2030s even 1% - 2% growth would be hard to sustain.

I'm legitimately starting to think that China might be facing a long-term slowdown bros.

>Spanish stocks up
>Italian stocks up
If this isn't a warning sign to you people that the stock market being positive right now has fuckall to actually go off of, I don't know what to say.

0xff53C894d414c7AAf5a3437653F8A54174F5063c

I don't have any ether yet. Would be cool to get any amount really.