There's bad, there's worse, and then there's this China chart

Posted by $ nickursis 8 years, 4 months ago to Economics
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This is interesting, perhaps foreboding....

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  • Posted by $ nickursis 8 years, 4 months ago in reply to this comment.
    Arghh..That makes him a double hero. I never forgave Hanoi Jane from that and have not watched anything she is in. Reptillians disgust me...
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  • Posted by $ nickursis 8 years, 4 months ago in reply to this comment.
    Abaco, I think the point to consider isd the divergence after 2010. There is a huge upswing in offers to people in urban areas, vs a negative trend in GDP. So, why do you need to offer jobs to anyone when you are slowing down? In addition, the reference to the rural community is that if all the money is going into urban job offers, what is left to the huge bulk of the poulation that live in rural areas. They seem to be splitting into a country that will have a small group of well paid employees and a huge number of poorly paid rural people, meaning a stage is set for unrest. A billion pissed off people can cause a lot of unrest. Thats the thing I am seeing. That and maybe there is a buttload of money being made up and funneled to the cities for jobs that do not exist?
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  • Posted by $ nickursis 8 years, 4 months ago in reply to this comment.
    Depends on the site and the Fab they have. Lots of tech being moved around all over. A lot of competition with Silicon valley is already in place. A good thing, unless it depends on pilfered IP.
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  • Posted by Herb7734 8 years, 4 months ago in reply to this comment.
    Hmmmm. Rice paper -- not bad. Also more appropriate. If I ever write a book, I'll throw it open to the Gulch to edit.
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  • Posted by $ blarman 8 years, 4 months ago in reply to this comment.
    You forget the airplane wing technology Clinton gave them. Or that downed surveillance plane and the 17 airmen (and women) they held hostage for a couple of weeks.
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  • Posted by $ Abaco 8 years, 4 months ago in reply to this comment.
    But seriously...this chart isn't very bad. Just look at the numbers, scales, how the lines lay. This is a chart spooky to people who don't know how to read charts. I read charts for a living and, after mulling the layout for about 5 seconds I just went, "meh...nothing notable here". I see this a lot in finance writing these days - charts used to scare readers and support a headline. But, if you look at the data it's all sizzle, no steak, often.
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  • Posted by Herb7734 8 years, 4 months ago in reply to this comment.
    I didn't think of that. I just couldn't think of anything more fragile than potato chips.
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  • Posted by $ allosaur 8 years, 4 months ago in reply to this comment.
    Just for that, I'm gonna make like a libtard in the dimocrock party and refuse to consider any fact you care to trot out.
    In other words~
    I can't hear you!
    I can't hear you!
    La, la, la!
    La, la, la!
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  • Posted by mia767ca 8 years, 4 months ago in reply to this comment.
    he is one of the pows who handed jane fonda a list of fellow pows to get back to their families...she turned around and handed it to the communists...he was beaten unconscious...
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  • Posted by $ nickursis 8 years, 4 months ago in reply to this comment.
    Back in the 70's I ran into a similar guy. Flew DC6's and dropped stuff to kids on approch out the window, then figured out they did not have the weight and made lots of Hershey drops. Let the Loadmaster do it all afterwards. Again, a very nice guy.
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  • Posted by $ nickursis 8 years, 4 months ago in reply to this comment.
    Nor should he, 7 years is a LONG time to be held by barbarians we now trade with. There is your real hero, not some of these Hollywood goober heads.
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  • Posted by mia767ca 8 years, 4 months ago in reply to this comment.
    my last commander in the Air Force was a 7 year pow in Vietnam...lots of stories from him and no tolerance for what is going on...
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  • Posted by mia767ca 8 years, 4 months ago in reply to this comment.
    my brother is a cpa...one of his clients is a gent in his 90's who flew the Berlin airlift...great guy
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  • Posted by $ MichaelAarethun 8 years, 4 months ago in reply to this comment.
    Better solution than most I''ve heard. Mexico by the way is still in dollar buying mode. Current rate after fees about 16.5 in some stores 17 is offered. current buy sell rate in the bank 17.4 and 16.4 ATM transfers (they have not tellers to disburse withdrawals only deposits and cash exchanges) about 16.9. that is limited by the daily draw imposed by the home US Bank or the capacity of the ATMs to dispense pesos. Best fees are 17.4 pesos per transaction. About $1 US.

    This up from a year ago where benchmark was 12.5

    Why? They need dollars to buy stuff ....like the higher priced cereal grains used to feed livestock. Another casualty of ethanol was food prices in other countries .

    No problem with VW's or Fords or Chrysler products. There all made down here and will continue to be made down here for Mexico and the world export market. Only US Consumption Fords are moving back north. Kasich's deal of four years ago (not Trumps) didn't go any further.
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  • Posted by $ nickursis 8 years, 4 months ago in reply to this comment.
    It is a lot of the "we almost lost Detroit" type stuff with the finance system that is most disturbing. The system is so wrapped up in computers and funny instruments you have no idea of real value any more. (We almost Lost Detroit is a book about the one and only fast breeder put into commercial service that melted down and is buried just outside Detroit). That is just way to many "almosts".
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  • Posted by $ nickursis 8 years, 4 months ago in reply to this comment.
    Indeed, I knew an elderly gent who had been a pilot in WW2 (Pacific B24) and flew with Continental through the 60s. Wonderful guy, very common sensical, and had no tolerance for the lies and stories that have become standard political fare today. he had similar stories of either really bizarre people or famous people you could actually like. Jimmy Stewart for one, when he was flying in WW2.
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  • Posted by mia767ca 8 years, 4 months ago in reply to this comment.
    there is a bond bubble...true...but have not followed Graham Summers...

    i trade both sides of the market in option credit spreads (iron condors) at 3 standard deviations..,90% probability of success and 10% of failure...i beat 90% of the funds..mutual and hedge...but i do not have to trade under their SEC rules...i do not have a series 7 license, just experience...
    if you have not read "Creature from Jekyll Island" (formation of Fed Reserve 100 years ago), i highly recommend it...
    the Fed has created a $5 trillion bubble with the big banks and has been paying them NOT to loan it out...now they have to reabsorb it...we got to within 48 hours in '08 of the ATMs being shutdown...that would have been game over and civilization collapse...how close are now...???...it is very scary...so i got up at 5 am and ran 5 miles...feeling better...
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  • Posted by mia767ca 8 years, 4 months ago in reply to this comment.
    i have known a few capitalists...steve forbes and a multi-millionaire rancher in colorado...one inherited it from dad (Malcolm)...and the other self-made...both great individuals to know...
    also flew Gerald Ford from L.A. to NYC...he came on with his secret service group...came into the cockpit and shot the bull for 30 minutes prior to boarding everyone else...very impressed...there is lot of truth to the adage...you lay down with dogs, you get up with fleas...flew enough "famous" people who you would not want to invite into your home..
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  • Posted by $ nickursis 8 years, 4 months ago in reply to this comment.
    Given full freedom, China has the ability to far outstrip any other nation, the drag they have is all their overhead. So a lot of them end up here at high tech jobs. I know many.
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