cybersofts (OP)
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January 03, 2019, 11:44:35 AM |
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The US & China Trade War is Nothing, Worry About Business and Bank Failures in 2019![](https://ip.bitcointalk.org/?u=https%3A%2F%2F248qms3nhmvl15d4ne1i4pxl-wpengine.netdna-ssl.com%2Fwp-content%2Fuploads%2F2018%2F12%2F0101uschina-e1546427776227-760x400.jpg&t=665&c=juRamPEbBInPHw) An economics professor at Long Island University has warned that the greatest headwinds the global economy will face in 2019 will be massive business failures and not the US-China trade war. According to Panos Mourdoukoutas, Professor at the Department of Economics chair at Long Island University’s LIU Post campus, the trade war between China and the United States was a major issue in 2018 due to the fact that it raised fears of heightened nationalism and protectionist policies across the globe. However, this will change in 2019 with global corporations and financial markets expected to pressurize the two countries into inking a deal. ‘Big Progress being made’ – Donald Trump on the US-China Trade WarAs earlier reported by CCN, a trade agreement is expected by March 1, 2019. After holding a telephone conversation with his Chinese counterpart, US President Donald Trump signaled over the weekend that there is a reason to be hopeful for a deal to be reached. Just had a long and very good call with President Xi of China. Deal is moving along very well. If made, it will be very comprehensive, covering all subjects, areas and points of dispute. Big progress being made! — Donald J. Trump (@realDonaldTrump) December 29, 2018 In Mourdoukoutas’ view, the massive business failures in 2019 will be a result of easy money drying up following the increase of interest rates by central banks worldwide. The explanation is simple and straightforward. Easy money acted as a tsunami, lifting up both the demand and the supply side of the global economy to higher levels. On the demand side, it encouraged consumers to resume taking on more debt… On the supply side, it encouraged corporations and entrepreneurs to pursue low-profit businesses opportunities. Noting that bank failures are likely to be experienced in emerging markets, Mourdoukoutas pointed out that the household debt to GDP ratio of China rose from 18% ten years ago to over 50% at present time (China’s corporate debt is largely unknown but may be a bigger problem than the household debt). ![](https://ip.bitcointalk.org/?u=https%3A%2F%2F248qms3nhmvl15d4ne1i4pxl-wpengine.netdna-ssl.com%2Fwp-content%2Fuploads%2F2018%2F12%2FChina-Household-Debt.png&t=665&c=jZIDLYTXX_NETQ) China’s Household Debt to GDP Ration (Courtesy of KOYFIN) Less Debt, Less ConsumptionWith the raising of interest rates by central banks and the FED, consumers are expected to reduce their uptake of debt. This will result in less spending. Reduced spending by consumers will see low-profit businesses shutting down and the era of a slower growth in the world economy will arrive. Mourdoukoutas wrote that this will be like 2008/2009 all over again when the same scenario played out in the United States: That’s what happened in 2008-9, shortly after the Federal Reserve raise interest rates and the US economy slid into a recession. US Business failures soared to 6,000 per quarter, while bank failures reached 157. Other factors that are likely to weigh in on global economic prospects include slower growth in China and Japan, the world’s second and third biggest economies respectively. The pessimism occasioned by the ‘rise of anti-globalization ideologies’ all over the world, will be another concern. Reference: https://www.ccn.com/the-us-china-trade-war-is-nothing-worry-about-business-and-bank-failures-in-2019/
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davis196
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January 03, 2019, 12:57:13 PM |
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I've came to the same conclusion as this guy a few months ago.The fiat money priniting bubble is about to implode,due to the high levels of debt.This implosion might reduce the prices of all assets(including cryptocurrenices).China debt is a huge risk factor.It's a time bomb.A major crisis in China might trigger a US debt crisis,because China owns lots of US government bonds,and they might want to sell them.
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Tavarez
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January 04, 2019, 08:07:38 AM |
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Very serious topic, trade war is nothing compared to what can happen in near future. The US debt to China is $1.138 trillion of October 2018. What if China decides to "take/collect" that money......I guess the real war is in sight. most probably nuclear. Americans will go for a war instead of giving up money.
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el kaka22
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January 04, 2019, 06:26:28 PM |
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"easy money" here is not the type of money you make of trading or something, the "easy money" talked about is the banknotes and the like that lose value over time. Hard money is what bitcoin and gold type of stuff that gains value over time. Hence easy money here plays a big important role.
USA needs to make a deal with china no matter what because USA has a huge debt (last I remember it was something like 15 TRILLION dollars if I am not wrong) and it is still run by an idiot who doesn't know what he should do to fix it hence its getting worse. China doesn't need to make the deal but the more they keep doing this the more they will keep USA in their back pockets for another while.
After a certain point China will have so much USA debt in their possession that they will be capable of selling American Debt bonds for pennies on the dollar and every country will try to get it and ask america for payments. USA should be careful about what they are doing with China.
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dothebeats
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January 04, 2019, 06:37:48 PM |
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Very serious topic, trade war is nothing compared to what can happen in near future. The US debt to China is $1.138 trillion of October 2018. What if China decides to "take/collect" that money......I guess the real war is in sight. most probably nuclear. Americans will go for a war instead of giving up money.
Nah, instead of going to war directly, Americans will just fund a war somewhere else and exploit all the natural resources they can get to cover up for the costs, and dig an even deeper debt with China and not pay-up. If, however, the Chinese wants to get their money (which they wouldn't as they are certainly doing well on their own economy in the mean time), there'd be no war but rather a global economic crisis as the USA would struggle to cover up the debts and fuck ups they made due to a ludicrous amount of debt they have. Idk, all outcomes lead to USA in a very bad shape after all, and even if that agreement proves positive on all sides of the deal, that debt would still remain.
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Naida_BR
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January 04, 2019, 07:00:34 PM |
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I've came to the same conclusion as this guy a few months ago.The fiat money priniting bubble is about to implode,due to the high levels of debt.This implosion might reduce the prices of all assets(including cryptocurrenices).China debt is a huge risk factor.It's a time bomb.A major crisis in China might trigger a US debt crisis,because China owns lots of US government bonds,and they might want to sell them.
I don't think it is going to implode. It is a vicious cycle. If banks are going to face a debt issue then more money is going to be printed for their bailout. And guess who is gonna pay for that. I hope that more people are going to believe in crypto after noticing events like this one. These bailouts make rich people richer and poor society poorer. The world has taken its lesson with Leahman Brothers and now they are more cautious of avoiding the same event.
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Getmon
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November 26, 2019, 09:46:25 AM |
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The US and China Trade War is indeed nothing. In fact, let it get worst and let the world see how stupidly proud, stubborn, and narcissistic these two countries are, their leaders as well. Let their fiat value suffer out of this so that people will finally realize how the fiat system works and how it will crumble due to these childish bickering. This will enlighten the many that cryptocurrency is the better choice, independent from the eccentric attitudes of world leaders.
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amishmanish
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November 26, 2019, 10:43:43 AM |
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--snip-- That’s what happened in 2008-9, shortly after the Federal Reserve raise interest rates and the US economy slid into a recession. US Business failures soared to 6,000 per quarter, while bank failures reached 157.
I had no idea that there is a parameter that measures number of business failures. Is that like a real macroeconomic parameter? The entrepreneurial streak in capitalist USA makes everyone run after a "successful business". Everyone wants their own gig/ side-hustle to succeed. This pursuit of financial independence has been so explicitly linked with the pursuit of happiness in that culture that "growth" has become a liability for every individual and community. The formula of getting a stable job, paying your taxes, raising a family has been overtaken by the need to be successful as well as grow. Who does it benefit at the end? Does it benefit the general populace or those big industries and the state in whose best favor it is to have a hardworking workforce? Depending on an individual's inclination, some people are naturally good at this cut-throat, on-your-feet competition. Then there are those who just don't get it and fall for the mind numbing effects of drugs, sedatives etc. This constant pursuit of growth irrespective of needs has brought about a lot of winners and relegated a whole bigger lot of losers. I think Gandhi had a point when he said "The world has enough for everyone's needs, not everyone's greed".
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hello_good_sir
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November 26, 2019, 11:44:02 AM |
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It does make sense, to an extent. The obvious economic pathway, where there are fewer loans given out, and then that results in less spending, which results in businesses losing their profits and possible market share. It all sounds, well, sound.
The only problem though is that this is getting blown out of proportion unless there are drastic moves that are made in the next year, which doesn't look like it's going to happen, we will only see smaller cuts in profits.
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panganib999
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November 26, 2019, 02:18:08 PM |
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Considering an economic perspective, I suppose so. But in the end, China and US are still directly related to how Business and Bank Failures occur, with US being the most concerned one most of the time. Besides, if the US and China Trade war happened, remember that both of their economies would surely take a hit. And both of these countries are one of the biggest in the western and eastern side of the map, if not the biggest. Resolving both of their problems while trying to repair the mess ups of the banks of US should be a priority instead, not one being above the other in terms of importance
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goaldigger
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November 26, 2019, 03:00:09 PM |
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The US and China Trade War is indeed nothing. In fact, let it get worst and let the world see how stupidly proud, stubborn, and narcissistic these two countries are, their leaders as well. Let their fiat value suffer out of this so that people will finally realize how the fiat system works and how it will crumble due to these childish bickering. This will enlighten the many that cryptocurrency is the better choice, independent from the eccentric attitudes of world leaders.
If the things gets more worse then many businesses, investors and individuals will look for a good alternative to fiat money and they will see the importance of a decentralized market and cryptocurrency should be their choice to stay for good. The US and China are both acting like a Child and if they didn’t get what they want they’ll implement something that might embarrassed you. Let the flow goes on, banks will fail and crypto will prevail.
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abhiseshakana
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November 27, 2019, 02:32:03 AM |
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Understanding the increase in interest rates must be seen from three sides, namely behavior changes from the consumer side, the business side, and the investor side. From the consumer side, when interest rates are low many apply for loans, especially property loans. but when interest rates rise, they will be faced with difficulties of payment and even bad credit.
For business people, their business continuity cannot be separated from the role of the Bank starting from the production activities to the guarantee of export-import activities. When interest rates are low, entrepreneurs in the real sector will be motivated to apply for loans to expand their business scale. This has an impact on the low production costs that can be allocated to employment. Conversely, high-interest rates can encourage an increase in operating expenses, so businesspeople can be "more stingy" They will also tend to be reluctant to expand their business due to the increased risk posed by the increase in interest.
Capital flow to a country increases, so the demand for its currency also increases, so that the currency's exchange rate has the potential to strengthen. Conversely, if the flow of capital to a country decreases, the demand for its currency will decrease, so that the currency's exchange rate has the potential to weaken. While the factors that encourage investors and speculators to invest capital is the value of interest rates. If the interest rate is high, then the investor will get high returns.
America is a strong and solid country and its macroeconomic foundation is strong even though the penetration of imported products in America is also high. the increase or decrease in interest rates is natural and easily overcome by the United States, not just interest rates as a reference point, there are still many variables that are able to influence economic growth, both domestically and externally.
If the United States raises interest rates usually other countries also raise interest rates to offset US policy and aim to strengthen the exchange rate of its currency against the dollar.
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romero121
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November 27, 2019, 03:09:59 AM |
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Bank failures were commonly happening around the globe, this is the reflection of the economic scenario prevailing in the country. When there is down trend in the economy inflation will be experienced with the respective currency which causes the failure of bank as they're much related to the economic uplifting of a country.
One of the user mentioned in his statement, US won't directly get into war but it funds the war of another country. This means creating a economic flow. This indirectly affects the country into the war and economically helps with America who supplies war equipments and other materials required.
In the failure of businesses and banks the trade war between China and USA too has its role, because when the taxing on import has been raised automatically there is lagging and accumulation. This means the logistics and the mass transaction gets very limited. It surely causes back flip in the country's economy.
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Murat
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November 27, 2019, 04:12:13 AM |
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Definitely, The USA and China trade doesn't bring any positive attitude to the whole world, it's a total self-interest and the way how to show your power whenever you can. When the USA considers China as its a competitor then they have made several types of activities against China but it's not good for the other countries at all, It's nothing but a set of stupidity acts, Whatever the case is, By this war, China has chosen the blockchain system for their own interest, so we don't have enough time to pay to heed any attention to this war between the two giants.
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hello_good_sir
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November 27, 2019, 04:26:32 AM |
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Considering an economic perspective, I suppose so. But in the end, China and US are still directly related to how Business and Bank Failures occur, with US being the most concerned one most of the time. Besides, if the US and China Trade war happened, remember that both of their economies would surely take a hit. And both of these countries are one of the biggest in the western and eastern side of the map, if not the biggest. Resolving both of their problems while trying to repair the mess ups of the banks of US should be a priority instead, not one being above the other in terms of importance
Of course, let's take a look at companies like Huawei for example, which has lost a lot of it's market share due to the scandals facing it in the US, and basically no one being allowed to use it in the US, destroying their business. Trade war means everyone loses, consumers have to pay more since there is less competition, businesses then lose more because they aren't allowed to operate in one of the biggest markets in the world, and the government loses because their country's GDP is definitely going to go down.
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amishmanish
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November 27, 2019, 05:11:31 AM |
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--snip-- America is a strong and solid country and its macroeconomic foundation is strong even though the penetration of imported products in America is also high.
The macroeconomic parameters of USA at present are anything but strong with it 22 Trillion USD Govt debt out of which 4.1 Trillion is owed to foreign Govts (1.11 Trillion to China). The unemployment rates are high and the Govt Debt will soon come calling as more and more people retire from the workforce. the increase or decrease in interest rates is natural and easily overcome by the United States, not just interest rates as a reference point, there are still many variables that are able to influence economic growth, both domestically and externally.
Right. The "many variables" you talk about is basically the geopolitical clout that USA has which means it can more or less have its own way in agreements and world policies, no matter what it does for climate or for instability in other countries. For example, Trump pulled out of the Paris deal without anyone batting an eye. The only thing that stand for the USA and they continue to leach off the world is because of their national consumption and USD still being the reserve currency, they can keep printing more of it. China on the other hand is much more methodical with increasing its own clout in Asia and pushing its currency for the de-facto currency of the world. USA under trump is basically like a drunken brawler with heavy arms while China is the stealth assassin with the right weapons. Its lights out for the assassin IF a few punches land but there is an equal chance that the brawler won't see the knife to the jugular.
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AniviaBtc
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November 27, 2019, 09:24:43 AM |
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When you are one of the largest states in the world, then, of course, you need to take care to be ahead in the technological plan. The only thing I don’t understand about changing the policies of China in relation to the blockchain and crypto is this a problem for the crypto community? After all, they are satisfied only with total dominance. And crypto implies the absence of a central holder of all data and coins
China talks a lot when it comes to dominance in terms of money. It doesn't mean that being the larger state they can now control how money goes. They don't want how crypto regulates on their country, the problem is they want to create their own cryptocurrency. It should mind their business first, the conflict in their country, the poverty and the over-population. Not the problem that they will engage with other country. China should focus on its own. Many people are focusing on how their business will soon to grow and avoid these failures and bankruptcy.
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SvonioneFromMangoCoinz
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November 27, 2019, 01:23:07 PM |
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I've came to the same conclusion as this guy a few months ago.The fiat money priniting bubble is about to implode,due to the high levels of debt.This implosion might reduce the prices of all assets(including cryptocurrenices).China debt is a huge risk factor.It's a time bomb.A major crisis in China might trigger a US debt crisis,because China owns lots of US government bonds,and they might want to sell them.
Why selling US bonds makes the US government insolvent? This sounds ridiculous. Bonds are a form of low-interest annual loan and no one can ask for money immediately. If China sells those bonds to other countries, the US government still provides a certain amount of money every year to pay interest. Everything is okay and I don't think there's a big effect.
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mersal
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November 28, 2019, 09:05:25 AM |
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When you are one of the largest states in the world, then, of course, you need to take care to be ahead in the technological plan. The only thing I don’t understand about changing the policies of China in relation to the blockchain and crypto is this a problem for the crypto community? After all, they are satisfied only with total dominance. And crypto implies the absence of a central holder of all data and coins
China talks a lot when it comes to dominance in terms of money. It doesn't mean that being the larger state they can now control how money goes. They don't want how crypto regulates on their country, the problem is they want to create their own cryptocurrency. It should mind their business first, the conflict in their country, the poverty and the over-population. Not the problem that they will engage with other country. China should focus on its own. Many people are focusing on how their business will soon to grow and avoid these failures and bankruptcy. China is not democratic as other developed nations they have strict regulations to be followed by their citizen if they born there unfortunately.China is planning to launch social scores in the near future which means no privacy for any people living in that country all of them will be under survilence of AI camera all around the country which gives scares based on their social activity in public as well as in private. This is the reason why they become more stronger and will become most duper powerful in the future so they want to give competition to the developed nation is not a wonder.
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abhiseshakana
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November 28, 2019, 03:07:03 PM |
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The war between America and China is not a trade war but an ideological war. If it involves ideology, it means totality. American ideology is democracy with a purely private role. China's ideology is state capitalism with complete control. The framework for war is economic democracy against this state-driven economy, two different ideologies which became the starting point of the war. This is a new war and the weapon is not using a gun but using a tariff war and a trade war. America has always implemented democracy as a basis for trading and used a means of suppressing high tariffs (first). America is against state capitalism so that it uses the policy of repressive power of the government's iron fist (state authoritarian) to suppress the market. Usually, the cooperation system is business to business, the private sector works Different from China, every country that receives OBOR funding assistance from China must be stylish "everything must be regulated and managed by the government and reduce the role of the private sector Must be government-driven. So there must be a government guarantee. We don't know who will be the winner in this war?
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