What a coincidence. I never knew this despite my penchant for useless trivia but just yesterday at an airport I overheard some high school kids asking each other trivial pursuit questions and this was one. The next day: this post. Uncanny.
Water is wet. More at 11
NYT tomorrow: “Harris under fire for [placeholder] after controversial Trump radio interview”
I’m not going to do your homework for you. Suffice is to say China is still an emerging market and all indicators aside from exports are unusually low for the kind of economy China is. I don’t know what kind of point you’re trying to make because you seem to be skirting the issue. None of the pieces I linked proclaim China is about to collapse, only pointing out the challenges. Again: what the hell is your point?
https://tradingeconomics.com/china/consumer-confidence https://www.china-briefing.com/news/chinas-august-2024-economy-record-export-growth-amid-domestic-challenges/ https://www.euronews.com/business/2024/09/09/europes-luxury-goods-market-set-to-feel-the-pinch-as-china-growth-weakens https://www.msn.com/en-us/money/markets/analysis-chinas-monetary-volleys-miss-key-threat-to-economic-growth/ar-AA1r9V9Q
Plus anecdotal stories from people I know that traveled to China in the past few months.
Basically, the post-COVID recovery was already slower than expected. Then the property sector all but halted. People are stuck with gig work and temporary contracts.
Why do you imagine the government is doling out money for the first time if everything is peachy?
Lots of people, especially the Chinese. The sentiment about work, investment, economic prospects, consumption are all quite bad. The central bank is cutting rates. Just today the government dipped their toes into the helicopter money game. The only thing keeping the party going is exports
It’s fine until it’s not. China is sort of notorious for such grey lines that can shift overnight. And if you are influential, you may just fall victims to the “kill the chicken to scare the monkeys” practice
Doesn’t work for network shares as far as I can tell. At least not without some funky magic
Yes, I figured the word “cache” was used loosely in this case. But you know, the server is down and/or irrecoverable for a while, and then one’s phone gets swiped. Not inconceivable. So I think I’ll follow some of the advice here about a backup service or password stash
Thanks for the reply! That makes sense. I’m still weary of the client somehow losing the cache while the server is down (two holes in the Swiss cheese lining up) but that is overly paranoid I know that
Thanks!
You say you use Bitwarden. Is that self hosted by any chance? If so, how do you handle the potential for an outage or server failure, where you’d presumably need some of the passwords to fix the problem in the first place.
That, my friend, is the problem for whichever schmuck is in charge after me, a C Suite executive. By then I will be long gone on my private island, having pulled the rip cord on my golden parachute.
Hell on Wheels…
Wolff has been like this for decades. He’s as craven as the rest of them. But he’s also very often right.