Bill Mitchell

@mitchellvii ↗

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Last Checked July 10, 2019

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Fri May 24 12:25:54 +0000 2019

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Bill Mitchell @mitchellvii

China has poured all of its government spending into propping up manufacturing for export. As a result, they never invested in a social safety net. This means their poor citizens must save most of what they make. This drives down domestic consumerism. China is very fragile. — PolitiTweet.org

Posted May 24, 2019 Hibernated

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Bill Mitchell @mitchellvii

The Chinese economy is one giant bubble, and a fragile one at that. While US Consumers purchase 80% of what we make here, the poor Chinese purchase a very small portion of what they make. We are self-sustaining, China is not. If they lose exports to the US, they could collapse. — PolitiTweet.org

Posted May 24, 2019 Hibernated

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Bill Mitchell @mitchellvii

The government's emphasis on job creation left little funding for social welfare programs. As a result, the Chinese population was forced to save for retirement. They didn’t spend, strangling domestic demand. https://t.co/vXFB7F8GrD — PolitiTweet.org

Posted May 24, 2019 Hibernated