Last signal for the year.
China’s debt-growth treadmill cycle fueled real
estate boom has left the nation with a *surplus* - vacant - housing stock sufficient to home ~3 billion people. That’s more than a third of people on Earth.
So no, some new solar panels are not going to save us from ourselves and the zombie-making debt monster that forces us to “grow” (nominally) at any insane cost - because the cost of stoping - and finding out who’s lost what when the music stops is too scary to fathom. (And no! This is not just about China - money is fungible and flows across borders - this is US, our credit cards, our start up financing, our home loans, our pension plans…)
Anyway - Pirates and Zombies will be my meta theme for signal scanning and sense making for next year, so watch this space for more. But until then, I hope you use these little conversation starters to start conversations (or just *something*) of your own.
And, as always, let us know your thoughts on the sustainability of us all given the absurdity of the facts of our present man-made reality.
Can the centre hold?
How far can we outrun our own greed-turned-necessity?
Are you a zombie or a pirate?
Let’s find out.
Read more:
Oh very dear : https://markets.businessinsider.com/news/bonds/china-economy-banking-system-property-crisis-real-estate-debt-losses-2023-12
See you next year : https://fluxtrends.com/salon/the-futurists-2024/ Heavy Chef (Pty) Ltd
Zombieland