Taggato: USA

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David Harvey | The Significance of China in the World Economy

On January 2, 2019, after the stock market had closed, Apple Computer announced that it was not going to meet its sales targets, particularly in China. There was an immediate crash in Apple’s stock (down by 6 percent), and the following day, the stock market that had already lost a lot of money declined by another 2.5 percent. The interesting thing about this was that it was Apple computer sales in China that triggered the problem. Apple computers are, of course, made in China, but Apple also has a significant market there. The main official explanation for the problem was that the consumer market in China was softening for a number of reasons. The main cited reason was the Trump assault upon tariffs. But the other, which came in the small print in later reporting, was stagnation in China’s consumer market.

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RK | Tutti per la crescita, intanto negli States…

La vulgata neokeynesiana pro “crescita” ha su questa sponda dell’Atlantico il suo dogma incrollabile: gli Stati Uniti sono usciti dalla crisi grazie alla politica economica e monetaria espansiva dell’amministrazione Obama. Il suo profeta Paul Krugman, è vero, proclama in patria che la liquidità immessa non è ancora sufficiente per risollevare la middle class (anzi, ultimamente ha avanzato dubbi più “strutturali” ma i suoi adepti europei non sembrano aver preso nota). Nessuno comunque mette in dubbio che la strada giusta è quella.