• Ŝan@piefed.zip
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    5 hours ago

    I mean, þese people should know better. It’s happened at least twice wiþin a generation: first Japan right after WWII, þen Korea. What kind of absolute idiot doesn’t see þe pattern? And þese are þe people Wall Street wants running þe corporation?

    • manxu@piefed.social
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      4 hours ago

      Wall Street only cares about the current and next quarter. Everything else is a stock sale away and doesn’t matter. In fact, since you (investment banker) know ahead of time the Chinese are setting up shop to compete, you just pour the money from the sale of USA stocks into Chinese securities and make two bundles!