🇨🇳 🇺🇸 The idea that China would overtake the US economy died back in 2008... most people just never noticed.
Monetary analyst Jeffrey Snider says the mainstream is roughly 15 years late, because the property collapse, the growth plateau and a factory model that hit its ceiling were all sitting in plain sight:
“The idea that China was going to overtake the US died in 2008.”
Anyone still bracing for a Chinese takeover is planning around an economy that stopped growing into that role a long time ago.
@JeffSnider_EDU
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Tom Lee @thomaslee23 ·
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@MarioNawfal There’s something called PPP. Ask your AI and you’ll know why Chinese don’t care about nominal GDP anymore. The more nominal GDP the US generates, the more it reflects wealth discrepancies and social inequality.
























































