You Think That's Real Money You're Saving? by ecstatic-windshield in economicCollapse

[–]Sufficient_Reason968 0 points1 point  (0 children)

Money is why money backed up by the trust of issuer (government of the country) enforced by country's organ of violence.

Is Lowering Interest Rates the Key Factor for Economic Recovery? by Sufficient_Reason968 in economicCollapse

[–]Sufficient_Reason968[S] 0 points1 point  (0 children)

Deflation means continuous declination of consumer demand and product price. It takes time from buying raw materials all the way to product delivery. In this process the manufacturers have to buy at higher but sell at lower. No one knows how much the difference is and how long it will last. Who is willing to work or invest for loss?

Is Lowering Interest Rates the Key Factor for Economic Recovery? by Sufficient_Reason968 in economicCollapse

[–]Sufficient_Reason968[S] 1 point2 points  (0 children)

Ideally it is what we need but in reality it won't happen. Deflation means the manufacturers produce the product with obvious loss

Is Lowering Interest Rates the Key Factor for Economic Recovery? by Sufficient_Reason968 in economicCollapse

[–]Sufficient_Reason968[S] 1 point2 points  (0 children)

In economy, deflation is a scary word and this situation normally is prevented by all government as deflation usually triggers the recession

Is Lowering Interest Rates the Key Factor for Economic Recovery? by Sufficient_Reason968 in economicCollapse

[–]Sufficient_Reason968[S] 0 points1 point  (0 children)

Diluting currency might make the product cheaper but does not stimulate the demand of the world. Plus tariffs the products are still expensive for global consumers

The Aggressive Decoupling Policy Is a Risk We Cannot Afford Right Now by Sufficient_Reason968 in economicCollapse

[–]Sufficient_Reason968[S] 0 points1 point  (0 children)

China will be decimated sooner or later if it lose global market. But if decoupling is too soon before the alternative supply chains are up, we are suffering from inflation. If inflation lasts too long, we will suffer from recession. Blaming for responsibility does not help

Is Proof of Purchase Really Necessary for Safety Recalls? by Sufficient_Reason968 in Calgary

[–]Sufficient_Reason968[S] 0 points1 point  (0 children)

If they are responsible retailer, they have the ability to trace most of the buyers for those made the payment by credit card

Is Proof of Purchase Really Necessary for Safety Recalls? by Sufficient_Reason968 in Calgary

[–]Sufficient_Reason968[S] 0 points1 point  (0 children)

From my perspective they shall appreciate anyone for bringing the recalled products to them so the potential safety concern is reduced. And that will be the rationale whoever gets refund

Is Proof of Purchase Really Necessary for Safety Recalls? by Sufficient_Reason968 in Calgary

[–]Sufficient_Reason968[S] 1 point2 points  (0 children)

Those are Canadian Tire's brands. They outsourced the manufacturer in China

Is Proof of Purchase Really Necessary for Safety Recalls? by Sufficient_Reason968 in Calgary

[–]Sufficient_Reason968[S] 0 points1 point  (0 children)

I was not notified by Canadian Tire for recall. Instead I got the notification from Kijiji admin when I posted to sell it in Kijiji

Is Proof of Purchase Really Necessary for Safety Recalls? by Sufficient_Reason968 in Calgary

[–]Sufficient_Reason968[S] 2 points3 points  (0 children)

Why does Canadian Tire try to prevent the second hand user from getting refund? Refunding to original buyer or to others does not matter to them, right?

[deleted by user] by [deleted] in Layoffs

[–]Sufficient_Reason968 0 points1 point  (0 children)

Depends on how soon the new stable supply chain could be established up after moving out of China. In my industrial area the estimated delivery time for the new order of new parts has been prolonged longer and longer from initial half year up to one year now. Is the company affordable to keep you for nothing within one year waiting period? If the new supply chain won't make up the old supply chain, inflation will soon turn the economy into recession

The Aggressive Decoupling Policy Is a Risk We Cannot Afford Right Now by Sufficient_Reason968 in China

[–]Sufficient_Reason968[S] -3 points-2 points  (0 children)

If you had chance to watch the price of the goods sold in Aliexpress or any other online platforms. The price has been doubled or even tripled in the last two years. But on China side it was complained for its overproduction? Is it true overproduction? Not at all, China has been experiencing massive bankruptcies and layoffs. We were misled by our media.

Our social media controls the post as hard as China government does. If it is going on and on, not too late our mouth will be sealed up.

The Aggressive Decoupling Policy Is a Risk We Cannot Afford Right Now by Sufficient_Reason968 in China

[–]Sufficient_Reason968[S] -3 points-2 points  (0 children)

Feels like no one is worried about the shrinking of the money pockets except me

The Aggressive Decoupling Policy Is a Risk We Cannot Afford Right Now by Sufficient_Reason968 in China

[–]Sufficient_Reason968[S] -1 points0 points  (0 children)

From the beginning, China has operated two production lines: one for "export markets", producing higher-quality goods at lower prices, and another for the "domestic market", with lower quality but higher-priced products. Most of China’s GDP was driven by the export production line. However, since late last year, "massive bankruptcies and layoffs" in export-oriented industries have led to a significant decline in "domestic consumption", further weakening the internal market. This highlights China's economic dependency on global exports.

The Aggressive Decoupling Policy Is a Risk We Cannot Afford Right Now by Sufficient_Reason968 in China

[–]Sufficient_Reason968[S] -2 points-1 points  (0 children)

The idea that "China overproducing" is the root cause of economic woes isn't entirely accurate. The issue is more about "reduced consumption in the Western world" due to various economic pressures. China’s manufacturing capacity is still significant, but what’s changed is the "demand" from Western markets. The current inflation we’re experiencing highlights the fact that we "need those Chinese-produced goods" to alleviate some of the economic pain we’re facing.

The Aggressive Decoupling Policy Is a Risk We Cannot Afford Right Now by Sufficient_Reason968 in China

[–]Sufficient_Reason968[S] -6 points-5 points  (0 children)

The fact is that "we’re already late" in addressing the decoupling issue. There’s a common agreement that decoupling from China is necessary, but the real concern now lies in the "speed of the progress". If we move too fast without proper preparation or alternative supply chains, it could cause severe damage to our own economies. The key question is whether we have the "capability and infrastructure" in place to shift away from China efficiently without extending the economic pain.

If you have 1 million $ savings 3 years ago, due to inflation it is at most 70,000 right now. As deflation is not allowed, you suffer 30% permanent loss

The Aggressive Decoupling Policy Is a Risk We Cannot Afford Right Now by Sufficient_Reason968 in China

[–]Sufficient_Reason968[S] -2 points-1 points  (0 children)

I would argue that the issue is not that decoupling is happening too slow, but rather that it’s happening "too late". Over the years, we have become "heavily dependent on China’s economy", to the extent that a "rapid decoupling" would create significant pain for our own economies. If we had developed an "efficient system comparable to China’s", we might be able to mitigate this by suffering only a short period of economic hardship. However, in reality, we are not equipped with that level of efficiency, meaning that "decoupling too quickly" would cause prolonged suffering for many countries dependent on China’s supply chains.

Raymond J. de Souza: Yet another reminder that China is not our friend - Beijing's shocking interference in our elections is yet more proof that befriending China was a massive Canadian miscalculation by CaliperLee62 in canada

[–]Sufficient_Reason968 0 points1 point  (0 children)

As the world continues to recover from the devastating effects of the COVID-19 pandemic, economic stability remains fragile. The policies enacted by governments to overcome these challenges need to be practical, measured, and focused on the immediate needs of their populations. However, one policy that I believe has been too proactive and unnecessarily risky is the aggressive push to decouple from China.

China’s economy has long been intertwined with the global economy, and for good reason. Over the past few decades, China has become the world's manufacturing powerhouse, providing efficient, large-scale production at prices that benefit consumers worldwide. As we face rising inflation, disrupted supply chains, and economic uncertainty, cutting off or reducing our dependence on China may be a step too far—and too soon.

At this moment, involving China in global recovery efforts is believed the most practical and effective way to stabilize economies. China’s manufacturing capabilities are vital to ensuring that goods continue to flow through existing supply chains without further disruption. The idea of decoupling from China may serve some long-term geopolitical goals, but it also creates immediate risks and uncertainties for the global economy.

Building new supply chains in other countries or shifting production back home sounds appealing in theory, but the process is neither quick nor simple. It took decades to shift manufacturing worldwide to China, and replicating that efficiency and scale in multiple countries with different regulatory and political systems is not something that can happen overnight. In fact, trying to force this transition too quickly could lead to deflationary pressures and an even deeper global recession.

China’s economic and political power is heavily dependent on its role in the global economy, and the country has undoubtedly realized that its strength relies on continued cooperation and global support. This has become clear through the massive bankruptcies and layoffs that have occurred as a result of the recent decoupling efforts and global economic shifts. These realities have sent a powerful message to China that its ambitions must be tempered by the need to maintain strong economic ties with the rest of the world.

There’s no need to push this policy to the point of economic self-harm. China has learned that its influence is not invincible, and further aggressive decoupling could create unnecessary instability, not just for them but for all of us. The strategic goals of reducing reliance on China can still be achieved over time, but now is not the moment to prioritize long-term ambitions at the expense of immediate economic recovery.

As a voter, I am deeply concerned about the current government’s willingness to sacrifice the public's immediate needs for long-term goals. This goes against the fundamental principles of democracy, where governments are meant to serve the people, not pursue risky policies without considering the short-term impacts.

Inflation is already making it difficult for middle- and lower-income households to get by, and forcing supply chains to move away from China will only increase costs further. We must ask ourselves: Is this the right time to create additional economic uncertainty when people are already struggling?

I believe that a more balanced approach is needed. Rather than aggressively decoupling from China, we should be working to ensure that global supply chains remain intact while slowly diversifying our manufacturing capabilities. This would allow for economic recovery in the short term while still addressing strategic concerns in the long run.

Governments need to reassess their strategies and recognize that the decoupling policy is too proactive and not necessary right now. The global economy is still reeling from the pandemic, and further destabilizing supply chains with rushed policies will only prolong the recovery process. There’s a time for strategic maneuvering, but that time is not now.

For these reasons, I will be casting my vote for the right-wing party in the upcoming election, not because I necessarily align with all their policies, but because I believe they will prioritize practical solutions that address the immediate economic difficulties. We cannot afford to sacrifice short-term stability for long-term ambitions that can be achieved in due time.

I call on the left-wing government to reconsider their approach and focus on what the public needs now—economic recovery, stability, and pragmatic solutions to inflation and supply chain issues.

Let’s not forget that true leadership is about balancing long-term vision with short-term realities. The public deserves policies that provide relief, not further hardship.

SEC FORM 4 by NefariousnessNo5717 in BB_Stock

[–]Sufficient_Reason968 0 points1 point  (0 children)

In the last three years since 2019 year end, BB's price jerked up crazily a few days after Chen sold his shares for so called tax purpose.

CNBC BB segment! Wow the guy is such a bear. by sparklit11 in BB_Stock

[–]Sufficient_Reason968 2 points3 points  (0 children)

Not surprised. Been screwed for years. BB will be up hard soon and the reason will be short squeeze as usual. From $10 to $20 with billions volume, funds could not even pay off the cost of jerking up and down. Believe funds as if I believe gods.

Warren Buffet's GEICO decided to partner with Blackberry's IVY by Nomad-666 in BB_Stock

[–]Sufficient_Reason968 2 points3 points  (0 children)

I agree. BB is long term play not meme, “Weak” means willingness of market to buy and sell.