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(Zero Hedge)   Will the world's greatest economic power please step forward? Not so fast there, Uncle Sam   (zerohedge.com) divider line 171
    More: Sad, Uncle Sam, BBVA, market power  
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5420 clicks; posted to Politics » on 06 Apr 2014 at 5:12 AM (36 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-04-05 10:07:19 PM  
Russia is diversified? They're no different than Saudi Arabia, other than they have hotter women and it's colder. BBVA must be based in Colorado or Washington.
 
2014-04-05 10:42:57 PM  
This blog has never actually been to that bubble that is china. Here is what china is like:

1.bp.blogspot.com

/Homer is Xi Xinping
//The dogs are the chinese (and dinner)
///He slope is the resistance that the whip overcomes...until the dogs eat you!
 
2014-04-05 11:13:37 PM  

dj_bigbird: Russia is diversified? They're no different than Saudi Arabia, other than they have hotter women and it's colder. BBVA must be based in Colorado or Washington.


Close!  Spain.  And they're a very big bank.
 
2014-04-05 11:17:02 PM  
They sound concerned.
 
2014-04-05 11:25:32 PM  
Great list. Some how the worlds largest economy, second largest manufactuer, with the most R&D spending, largest equities market, largest consumer market..... is number two.
 
2014-04-05 11:35:26 PM  
Yay!!!  Canada is number 12.

/We beat Australia
//my cousins live there.
///they brag about how awesome it is there.  I gotta have something
 
2014-04-05 11:46:47 PM  
So what exactly is that graph measuring?  If you look at GDP or GNP the US is two to three times as large as China.  Plus, China's economy is almost entirely dependent on the US and other wealthy nations buying Chinese produced goods.  If the US were to be suddenly wiped off the map it would be much worse for China than if the reverse were to happen for the US.
 
2014-04-05 11:50:48 PM  
Chinese people want TVs, phones, computers, and cars

The government knows this and this has become a major priority

Chinese are no longer a threat to us militarily. Simply speaking China loses too much by going to war with the US. The government knows this, too.

I am happy to see the Chinese people be taken out of poverty.

Unfortunately they still have a way to go.

The only way that they can be the strongest economy in the world is if the government granted workers better rights.

If China did that their people will benefit tremendously and the economy, which is already red hot, would grow faster then the Big Bang (metaphor, dont take it too seriously)
 
2014-04-05 11:51:00 PM  

TuteTibiImperes: So what exactly is that graph measuring?  If you look at GDP or GNP the US is two to three times as large as China.  Plus, China's economy is almost entirely dependent on the US and other wealthy nations buying Chinese produced goods.  If the US were to be suddenly wiped off the map it would be much worse for China than if the reverse were to happen for the US.


It's also hugely dependent on a massive credit scheme (bubble) that's not long for this world.
 
2014-04-06 12:02:10 AM  
We could beat them if we weren't such pussies.

cdn.theatlanticcities.com

C'mon, slap a handkerchief over your face and get back to work!
 
2014-04-06 12:04:37 AM  

fusillade762: We could beat them if we weren't such pussies.

[cdn.theatlanticcities.com image 850x564]

C'mon, slap a handkerchief over your face and get back to work!


Is that a photo or a render?  Some of the textures look a bit off, but if it's a photo, that huge building with what appear to be a ton of satellite dishes on the lower segment is very cool looking.  What is it?
 
2014-04-06 12:13:21 AM  
I thought everyone knew this. Go somewhere other than a gun store and try to find something not made in China. I mean you can do it but it'll take a few tries.
 
2014-04-06 12:15:59 AM  

TuteTibiImperes: fusillade762: We could beat them if we weren't such pussies.

[cdn.theatlanticcities.com image 850x564]

C'mon, slap a handkerchief over your face and get back to work!

Is that a photo or a render?  Some of the textures look a bit off, but if it's a photo, that huge building with what appear to be a ton of satellite dishes on the lower segment is very cool looking.  What is it?


China Central Television building, apparently.
 
2014-04-06 01:03:59 AM  

cman: Chinese people want TVs, phones, computers, and cars


Then why don't I see these slants at WalMart instead of my local Buddhist temple?
 
2014-04-06 01:32:02 AM  

Mugato: I thought everyone knew this. Go somewhere other than a gun store and try to find something not made in China. I mean you can do it but it'll take a few tries.


My employer's products for the US market assembled in the US, at least.

/medical devices
 
2014-04-06 02:29:02 AM  

themindiswatching: Mugato: I thought everyone knew this. Go somewhere other than a gun store and try to find something not made in China. I mean you can do it but it'll take a few tries.

My employer's products for the US market assembled in the US, at least.

/medical devices


My car was made in Canada. My first motorcycle was made in Thailand. The previous car I owned was made in South Africa.
 
2014-04-06 03:19:51 AM  

fusillade762: We could beat them if we weren't such pussies.

 

Yeah, I think I'm pretty happy letting China take lead in various manufacturing and refining areas.
 
2014-04-06 04:22:23 AM  

itcamefromschenectady: themindiswatching: Mugato: I thought everyone knew this. Go somewhere other than a gun store and try to find something not made in China. I mean you can do it but it'll take a few tries.

My employer's products for the US market assembled in the US, at least.

/medical devices

My car was made in Canada.


Oh! I know the one. It was made by Sue's cousin Gordon.
 
2014-04-06 04:43:45 AM  
"Marty, no wonder this circuit failed; it says 'Made in China'!"

"Whaddya mean, Doc? All the best stuff is made in China!"
 
2014-04-06 05:29:30 AM  
Capitalism and capitalists in particular have no allegence to country. Their one and only allegence is to money and profit.
 
2014-04-06 05:30:57 AM  
when I was a kid I would always hear "no wonder it broke. It says "made in japan! junk!"

when I was older I would hear "no wonder it broke. It says "made in Taiwan! junk!"

now "no wonder it broke. It says "made in China! junk!"

so what will be the next the next Asian country to make my cheap walmart junk? India?
 
2014-04-06 05:32:41 AM  

log_jammin: when I was a kid I would always hear "no wonder it broke. It says "made in japan! junk!"

when I was older I would hear "no wonder it broke. It says "made in Taiwan! junk!"

now "no wonder it broke. It says "made in China! junk!"

so what will be the next the next Asian country to make my cheap walmart junk? India?


Laos
 
2014-04-06 05:32:51 AM  
The US is not at the top because of the rising oligarchy.  The more power they have, the weaker we get.
 
2014-04-06 05:33:48 AM  
Yeah, I think any ranking of economic power that places Russia ahead of the US can be very, very safely disregarded as the fever-dreams of a drug addict trying to cold-turkey Heroin.

To have any greater disconnect from reality you'd have to literally have a clinical diagnosis of schizophrenia going on.
 
2014-04-06 05:42:18 AM  

cman: log_jammin: when I was a kid I would always hear "no wonder it broke. It says "made in japan! junk!"

when I was older I would hear "no wonder it broke. It says "made in Taiwan! junk!"

now "no wonder it broke. It says "made in China! junk!"

so what will be the next the next Asian country to make my cheap walmart junk? India?

Laos


Everything they make is Laosy.
 
2014-04-06 05:46:32 AM  

Ghastly: cman: log_jammin: when I was a kid I would always hear "no wonder it broke. It says "made in japan! junk!"

when I was older I would hear "no wonder it broke. It says "made in Taiwan! junk!"

now "no wonder it broke. It says "made in China! junk!"

so what will be the next the next Asian country to make my cheap walmart junk? India?

Laos

Everything they make is Laosy.


I hear thas Laos is in a state of chaos.
 
2014-04-06 05:49:42 AM  
Is that a photo or a render?  Some of the textures look a bit off, but if it's a photo, that huge building with what appear to be a ton of satellite dishes on the lower segment is very cool looking.  What is it?

CCTV offices. Architect Rem Koolhaas (OMA), who also did the Seattle Public Library, and many other intersting buildings.

upload.wikimedia.org
One of the current starchitects. (not my word)
 
2014-04-06 06:00:39 AM  

Methadone Girls: Yay!!!  Canada is number 12.

/We beat Australia
//my cousins live there.
///they brag about how awesome it is there.  I gotta have something


Baby seals don't want to kill you.
 
2014-04-06 06:35:37 AM  

b2theory: Great list. Some how the worlds largest economy, second largest manufactuer, with the most R&D spending, largest equities market, largest consumer market..... is number two.


consider what happened to spain long ago
(they too found it cheaper to buy elsewhere - or in other words too much of the wrong kind of sucess can be ruinous)
 
2014-04-06 06:38:23 AM  

dj_bigbird: Russia is diversified? They're no different than Saudi Arabia, other than they have hotter women and it's colder. BBVA must be based in Colorado or Washington.


BBVA is from that bastion of economic well-being....Spain

And...Fark: From the somewhat explosive Basque region of Spain...I believe BBVA stands for "Banco Bilbao Vasco Autonomica"
 
2014-04-06 06:53:11 AM  

jso2897: Ghastly: cman: log_jammin: when I was a kid I would always hear "no wonder it broke. It says "made in japan! junk!"

when I was older I would hear "no wonder it broke. It says "made in Taiwan! junk!"

now "no wonder it broke. It says "made in China! junk!"

so what will be the next the next Asian country to make my cheap walmart junk? India?

Laos

Everything they make is Laosy.

I hear thas Laos is in a state of chaos.


So the permitting office and Occupational Safety aren't being closely watched?
 
2014-04-06 06:56:14 AM  

rev. dave: The US is not at the top because of the rising oligarchy.  The more power they have, the weaker we get.


bingo
those oligarchs are sending our money over there to build things to sell to us.
 
2014-04-06 06:56:53 AM  

Mugato: I thought everyone knew this. Go somewhere other than a gun store and try to find something not made in China. I mean you can do it but it'll take a few tries.


It'll take a few tries if you're a moran who thinks that the definition of "manufacturing" is "making shiat to fill the shelves at Walmart," anyway.
 
2014-04-06 06:56:54 AM  

ColonelCathcart: This blog has never actually been to that bubble that is china. Here is what china is like:

[1.bp.blogspot.com image 300x402]

/Homer is Xi Xinping
//The dogs are the chinese (and dinner)
///He slope is the resistance that the whip overcomes...until the dogs eat you!


SO much this. The chinese are experiencing the benefits of their own baby boom. Chinese boomers are "working age," and much like when we boomed here in America, that means a colossal, mobile workforce. In a decade China will be where we (US) are now: drowning in old boomers. When the massive generation shifts into retirement (read: dead weight), they'll cool down like US in the 90's-00's.

It's kind of like a snake eating a turtle; sure, he can stuff it in his mouth, and it feels good in his belly, but when it comes time to pass that farker, oh lordy...
 
2014-04-06 07:18:25 AM  
In broad strokes, US productivity is maxed out, and our consumer driven economy is faltering on consumers whose earnings are flat or falling, and who can't or won't borrow any further. R&D is stymied by the incredible cost of graduate and PhD level degrees. And trillions in capital is sitting on the sidelines held by a shrinking number of individuals (has gone from the "1%" now to then".5%"). Then Chinese haven't gotten substantially "better" than the US-we're just tuning our own economy and they're passing us on the way down.
 
2014-04-06 07:45:35 AM  

BigBurrito: Is that a photo or a render?  Some of the textures look a bit off, but if it's a photo, that huge building with what appear to be a ton of satellite dishes on the lower segment is very cool looking.  What is it?

CCTV offices. Architect Rem Koolhaas (OMA), who also did the Seattle Public Library, and many other intersting buildings.


One of the current starchitects. (not my word)


Portmanteau should require a licensing process.
 
2014-04-06 07:52:54 AM  

Duke Phillips' Singing Bears: BigBurrito: Is that a photo or a render?  Some of the textures look a bit off, but if it's a photo, that huge building with what appear to be a ton of satellite dishes on the lower segment is very cool looking.  What is it?

CCTV offices. Architect Rem Koolhaas (OMA), who also did the Seattle Public Library, and many other intersting buildings.


One of the current starchitects. (not my word)

Portmanteau should require a licensing process.



I second this call for vocabulicensing.
 
2014-04-06 08:00:49 AM  
We've outsourced the American Dream to China and they are cashing in. I don't know how many of you have been to Asia but visiting the region opened my eyes a bit. I thought I knew what mass production/mass consumption was......I was wrong. That being said, I also now know that humans produce a ton of shiate.
 
2014-04-06 08:03:35 AM  

vygramul: They sound concerned.


Right wingers gotta stop stroking it to Putin's general tyranny etc. sand finding pathetically flimsy things to complement him on. This is super creepy given how many of them spank it to Rambo and Red Dawn.
/damn you Fark, how did it I almost get duped into reading much of zerohedge's partisan asshattery?
 
2014-04-06 08:13:14 AM  

Jim_Callahan: Yeah, I think any ranking of economic power that places Russia ahead of the US can be very, very safely disregarded as the fever-dreams of a drug addict trying to cold-turkey Heroin.

To have any greater disconnect from reality you'd have to literally have a clinical diagnosis of schizophrenia going on.


What was your first clue? Mine was "ZeroHedge"
 
2014-04-06 08:13:16 AM  
The actual BBVA report is all about exports.   Funny how that was barely mentioned in the linked article
 
2014-04-06 08:35:20 AM  

wrs1864: The actual BBVA report is all about exports.   Funny how that was barely mentioned in the linked article


On that front things are about to look extra lolzy for Russia. Germany etc. already is cooking up contingency plans to wean off Russian oil and that's about all they export. Who wants to buy Russian manufactured goods even when they aren't invading their neighbors?
 
2014-04-06 09:08:04 AM  
Umm..

Because they are 4-5 times bigger than us?
 
2014-04-06 09:11:10 AM  

pacmanner: I don't know how many of you have been to Asia but visiting the region opened my eyes a bit.


As if you could see all that much through the smog.
 
2014-04-06 09:16:09 AM  

rev. dave: The US is not at the top because of the rising oligarchy.  The more power they have, the weaker we get.


Yeah - China doesn't have an oligarchy. *eyeroll*

Or is American Exceptionalism to mean that our oligarchs are more corrupting than their oligarchs?
 
2014-04-06 09:27:06 AM  
Without china, we get our cheap shiat from somewhere else. Without the US, china is in economic ruin.

Plus, whose side has the US Navy? I'll go with that side.
 
2014-04-06 09:29:23 AM  
So, vote republican, comrade.
 
2014-04-06 09:36:22 AM  

rev. dave: The US is not at the top because of the rising oligarchy.  The more power they have, the weaker we get.


Do you have any understanding of the gap between rich and poor in China? Do you have any understanding of China at all?
 
2014-04-06 09:37:02 AM  
DRTFA But when looking at any economic data from China I immediately subtract about 50% of the trade numbers from the total.  I'm sorry, but shipping from a manufacturing plant in Shen Zhen to an assembly plant in Hong Kong does not count as an import, an export, or an import/export.  If their trade factors into this assessment at all, take it with a grain of salt.
 
2014-04-06 09:37:25 AM  

vygramul: rev. dave: The US is not at the top because of the rising oligarchy.  The more power they have, the weaker we get.

Yeah - China doesn't have an oligarchy. *eyeroll*

Or is American Exceptionalism to mean that our oligarchs are more corrupting than their oligarchs?


our oligarchs are different that the Chinese ones. ours exploit cheap Chinese labor. theirs exploit our low earning consumers.
 
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