this post was submitted on 28 Aug 2023
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[–] PunnyName@lemmy.world 65 points 2 years ago (2 children)

Sensationalist title with a question mark at the end of it?

The answer is almost always "no".

[–] MidwayTheMagnificent@wayfarershaven.eu 14 points 2 years ago (1 children)

Betteridge’s Law of Headlines - I find it has near universal applicability.

[–] exploding_whale@lemmy.ml 2 points 2 years ago

Doubly so for any headline predicting a financial crisis of any sort.

[–] culpritus@hexbear.net 29 points 2 years ago* (last edited 2 years ago) (1 children)

"Any headline that ends in a question mark can be answered by the word no."

https://en.wikipedia.org/wiki/Betteridge's_law_of_headlines

3rd paragraph:

While the mood is gloomy, experts agree that the bursting of a '08 Lehman Brothers-style speculative bubble is unlikely.

[–] wrath-sedan@kbin.social 4 points 2 years ago

Thanks for digging up the important line. So annoying to have sensationalist headlines like this that bury the lede and completely disprove their own thesis several paragraphs down, but I mean as long as it gets that initial click…

[–] CascadeOfLight@hexbear.net 23 points 2 years ago

Whoa no way, for real this time?!

[–] Tankiedesantski@hexbear.net 19 points 2 years ago

Ahh yes, China is going to collapse with its measly 5.2% growth despite global economic malaise.

[–] ShimmeringKoi@hexbear.net 16 points 2 years ago

Lucy-football-dotjpeg

[–] Antiwork@hexbear.net 15 points 2 years ago

Xi is shitting his pants right now

[–] zephyreks@programming.dev 12 points 2 years ago (1 children)

China bet hard on developing countries because the developed world isn't growing at a rate that can keep up with China's economic growth targets. In fact, we're very quickly running towards the crossover point for Chinese trade dependence on the West vs. on the rest of the world.

Also, a big chunk of Chinese exports to the West is in computers and consumer electronics... Markets which have seen a huge slowdown due to commoditization and aggressive political lobbying from the US.

[–] GaveUp@hexbear.net 0 points 2 years ago (1 children)

You hit the target exactly on the spot, I hope you're already diversified in crypto in preparation

[–] zackwithak@lemm.ee 3 points 2 years ago

Spamming the entire comment section with this. But maybe, diversify back into some fiat

[–] HobbitFoot@thelemmy.club 9 points 2 years ago

No, but the country is going to go through a lot of economic pain.

[–] macabrett@hexbear.net 7 points 2 years ago

it's the year of the ~~linux desktop~~ chinese collapse

[–] EnderWi99in@kbin.social 6 points 2 years ago

No, but it's going to take a pretty good ding to eat that Evergrande turd.

[–] boredtortoise@lemm.ee -2 points 2 years ago (1 children)

Capitalism is China's economy. They'll collapse together when they do

[–] GaveUp@hexbear.net -4 points 2 years ago (1 children)

Convert your fiat to crypto and prepare to transfer wealth across borders with Monero

When China falls they'll take us all down with them together

[–] Pons_Aelius@kbin.social 8 points 2 years ago

Any chance you will heed your username and GiveUp posting this horseshit?

Crypto is so 2020 bro.

You should be telling us to invest in your AI startup...

[–] GaveUp@hexbear.net -5 points 2 years ago* (last edited 2 years ago) (4 children)

I've already converted all my fiat currency to various crypto including a modest sizing of Monero so I can anonymously transfer my money when China takes over our financial systems

I implore everybody else to do the same. The writing has been on the wall for decades

[–] Pons_Aelius@kbin.social 10 points 2 years ago* (last edited 2 years ago)

I implore everybody else to do the same.

Because if I run out of idiots and suckers to off load this worthless shit to I will lose big time.

[–] EnderWi99in@kbin.social 8 points 2 years ago (1 children)

How exactly is China going to take over our financial systems?

[–] zackwithak@lemm.ee 6 points 2 years ago

Yeah I think I missed a step there

i bet if you stopped writing on them with crayons eventually it'd go away

[–] Akasazh@feddit.nl 0 points 2 years ago (2 children)

Ok why don't you go to China right now?

[–] SexMachineStalin@hexbear.net 5 points 2 years ago (1 children)

Cant afford plane tix rn. But youre more than welcome to wire me the 1000€ to fly to Beijing <3

[–] Akasazh@feddit.nl 0 points 2 years ago (1 children)

Just start saving, you won't need money anymore if you reach your Utopic destination.

[–] SexMachineStalin@hexbear.net 7 points 2 years ago

k i guess ill go :mao-clap: my landlord, brb

[–] GaveUp@hexbear.net -1 points 2 years ago

I'm HODL'ing atm