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China. There are official statistics and there are statistics. NBS China says that existing home prices are down 13.6% from 2021 peak. But Centaline data says that the fall is double that and prices are back to 2016 levels.
Leverage is lower but housing is the main store of
时政
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twitter.com
)
由
PPG
提交
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For whatever reason, the West took the Soviets seriously but did not take China seriously till (arguably!) right now.
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For whatever reason, the West took the Soviets seriously but did not take China seriously till (arguably!) right now.
I’ve been making this point for years — China really has ascended the value chain, they aren’t only making cheap Walmart stuff anymore, they are in fact posting
时政
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twitter.com)
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Balaji
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Elon Musk on XChat:
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Elon Musk on XChat:
“There are just some things that are less insecure than others. So, you know, on X, we just rebuilt the entire messaging stack into what's called XChat.
It's using a sort of a peer-to-peer based encryption system. It's kind of similar to Bitcoin. I think
btc
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twitter.com)
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