We recently had Australian mainstream media talking about a slum in Australian iron ore sales to China and calling it sign of China’s property crash.

I wonder now if iron ore is trading within BRICS in a similar way and Australia is getting the cold shoulder for being the US puppet it is.

I agree the stock market is a big influence of the economy. Stocks are massively overvalued. There’s not enough available cash in existence if there’s big sell off on a major stock like Intel. Hence the need to print money. If the Fed didn’t intervene, that illusion of stocks actually having cash value would vaporise.

None of those implications are bad UNLESS you are a manufacturer of those goods in the West. Or investing in those manufacturers. This is where WSJ falls flat on its ass.

The rest of the economy is a consumer of those cheaper goods. So the discounts on those goods makes the wallet go further. That’s good for consumption. Consumers might even throw more money towards those dogshit services that economists are now in love with.

Everyone just makes stuff for fun in China!

Sucks to be Joerg who only makes stuff for money.

Price down is … bad now? Just pay extra then and call it a tip!

Meanwhile our media and leaders are predicting war with China in 2027…

So how the fuck are submarines planned to arrive decades later going to be relevant? Shrug

A call with Tesla confirmed that the truck had needed a complete reboot which took over five hours of sitting to complete.

I consider this as a second deal-breaker problem with the truck. How does 5 hour reboot time make sense? That seems as quick as the punch card computers great-granddad reminisced about.

“condensation can fry the electronics inside the vehicle”

Electronics defeated by rain. They’ve basically described it as an expensive piece of shit.

Another aspect is that cheaper solar panels means cheaper energy: something that Europe is having trouble with right now.

Cheaper energy means lower costs to produce stuff - Making their economy more competitive not less. E.g. Certain foods need refrigeration. Factory equipment. Server farms. Offices have lighting and aircon etc.

If Europe allows their own solar panel industry to gouge themselves, the initial investment in solar will be more of a cost and they are going to have less future growth.