The bearish arguments of 1907. Swap earthquake with covid and many of these points could be recycled todayWashout22 t1_jaao9ro wrote
Reply to comment by Malevin87 in The bearish arguments of 1907. Swap earthquake with covid and many of these points could be recycled today by CreepingFog
North America has plenty of food and other natural resources. Lots of navigable rivers, and better demographics.
We have more purchasing power per capita.
China is in for a world of hurt as the USA and West decouples.
Globalization helped China immensely. They're now trying to pivot to a service based economy with half the population in poverty.
I have no issue with China, but they're not in a good spot
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