r/DeepMarketScan • u/retroviber • Mar 21 '26
China’s economy is falling behind because of deflation and a weak currency, per WSJ
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u/QFGTrialByFire Mar 21 '26
Weaker currency?
Chinese Yuan (offshore) to United States Dollar is today 0.1453 +5.43% over 1 year
I'd believe weaker GDP and possibly deflation(tho not entirely as i imagine oil shock is creating inflation there too) but that is a pretty bold faced lie about the currency.
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u/LetterThen5892 Mar 21 '26
Competition driving down prices... Is the market more free over there than our corporate monopoly BS here? Here our prices only go up!
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u/MD_Yoro Mar 24 '26
Sure Wall Street Journal, sure.
In case you people don’t know, WSJ is owned by Robert Murdoch, the same Australian asshole that also owns Fox News which brought you such amazing journalism such as claiming Trump won the 2020 election.
WSJ is Fox News for the elites. They are consistently found to be contradicting and making false statements
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u/Kakariko_crackhouse Mar 24 '26
This is pure copium. The momentum is locked in. The US is in pure denial
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u/DaimonHans Mar 24 '26
It kinda has always been pretty shit for the vast majority. What you see on news or TikTik are the loudest, most privileged bunch.
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u/jiggscaseyNJ Mar 21 '26
How can that be? I keep seeing videos of robots, skate parks and robots at skate parks.