pseud0nym.bsky.social
Ken Paxton is the worst state Attorney General in the United States. All opinions my own, and have no relation to my employer.
👤 Joined on 08 Februar 2024
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yeah the STAR50 makes much more sense when you remember that gambling is illegal in mainland China
Show PostThey're not terrible if one factors in that their primary objective is domestic political containment instead of wealth Big reason why the Chinese stock market is like a poker table where kids replaced the plastic chips with Skittles
Show PostIs that a first-principles goal or just a consequence of their penchant for identifying a domestic need, overinvesting in it 20x then clawing around for buyers of the surplus to keep their locals too busy to plot overthrow
Show PostThe heuristic I find helpful: I reflect on the Chinese real estate market over the last few decades, I look at some new thing they're cranking out tons of, then I ask myself "is this condos"
Show PostAnything can be condos if you overinvest hard enough.
Show Post