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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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5423 clicks; posted to Politics » on 06 Apr 2014 at 5:12 AM (1 year 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.
 
2014-04-06 09:38:22 AM  

Crotchrocket Slim: 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?


Yes, Russia isn't going to be part of G anything for a long time, but neither is Europe going to stop buying their oil and gas.
 
2014-04-06 09:39:11 AM  
Thanks, Obama.

graphics8.nytimes.com
 
2014-04-06 09:39:56 AM  

Animatronik: 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?


Yes. It's a place where everybody drives a Buick and shiats in the street.
 
2014-04-06 09:41:27 AM  

Animatronik: 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?


There's a weird fallacy where people slip into absolute measures in a situation where relative measures govern. I don't think there's a formal name for it, but there should be.
 
2014-04-06 09:42:56 AM  

Soonerpsycho: Thanks, Obama.

[graphics8.nytimes.com image 533x355]


What? On top af the arugula and the Grey Poupon, the son-of-a-biatch READS BOOKS???
Impeachment time!
 
2014-04-06 09:44:10 AM  

BeesNuts: 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.


If you add up all the world's import/export numbers, they don't add-up to zero. There's a net positive.

stickerish.com


/So Earth is exporting to aliens and it's being beautifully hidden by the alien overlords
 
2014-04-06 09:45:24 AM  
Our unending race to the bottom will not return us to dominance.
 
2014-04-06 09:45:43 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.


even my favorite Japanese wristwatch ( Casio G-shock) is now made in China....

/ build quality appears to be the same...although time will tell...
 
2014-04-06 09:51:59 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.


I'd like to see these people would put their money where their mouth is and put all their money into the Russian or Chinese stock markets rather than a US S&P 500 index fund.
 
2014-04-06 09:56:44 AM  

vygramul: If you add up all the world's import/export numbers, they don't add-up to zero. There's a net positive.

[stickerish.com image 300x300]


/So Earth is exporting to aliens and it's being beautifully hidden by the alien overlords


Really?   I thought it was the opposite and wikipedia say world imports are $18T while exports are $17.8T.  Reason?  Imports are taxed and therefore carefully measured, exports, not so much.
 
2014-04-06 09:59:36 AM  

wrs1864: vygramul: If you add up all the world's import/export numbers, they don't add-up to zero. There's a net positive.

[stickerish.com image 300x300]


/So Earth is exporting to aliens and it's being beautifully hidden by the alien overlords

Really?   I thought it was the opposite and wikipedia say world imports are $18T while exports are $17.8T.  Reason?  Imports are taxed and therefore carefully measured, exports, not so much.


I guess the flow has reversed since last I looked. Now we're importing from the aliens. What are we importing? Is that what's causing Autism?
 
2014-04-06 10:00:24 AM  
China is to world as Texas is to the US. On the surface, it looks pretty great with a fast-growing economy, wealth, and increase in jobs, as well as having a ton of political muscle.

Once you look a little bit closer though, you'll see that there are many many hidden problems that aren't immediately noticed. Sure, the economy is booming, but it's been done at the expense of environmental pollution and safety concerns (lead toys, anyone?). The "wealth" is insanely unequally distributed and there is a humongous rich-poor gap, especially between the urban and rural populations. The "jobs created" are mostly slave-labor wages and don't do anything to increase the standard of living or fix the aforementioned wealth gap. It always amuses me when I hear people talking about how China will soon eclipse us as the world's major superpower and that we are doomed to be their subjects soon. Much like Russia (as has been shown with the Ukraine crisis episode), China is an emperor with no clothes and is still very very far from reaching "first-world country" status anytime soon.

/going back to visit China soon
//not very excited about it
 
2014-04-06 10:00:49 AM  
Elect a socialist President then convince half the population that success is evil and corrupt and never earned and things like this eventually happen.

Spend whatever time is left suing each other because somebody got their feelings hurt and here we are.
 
2014-04-06 10:03:26 AM  

wrs1864: vygramul: If you add up all the world's import/export numbers, they don't add-up to zero. There's a net positive.

[stickerish.com image 300x300]


/So Earth is exporting to aliens and it's being beautifully hidden by the alien overlords

Really?   I thought it was the opposite and wikipedia say world imports are $18T while exports are $17.8T.  Reason?  Imports are taxed and therefore carefully measured, exports, not so much.


Oh, and the reason to bias towards exports is because governments want to look good to their people. So a country like Best Korea can have $4m in exports and $3m in imports because they don't count a bunch of stuff like food aid they don't really care to report.
 
2014-04-06 10:03:46 AM  

Soonerpsycho: Thanks, Obama.

[graphics8.nytimes.com image 533x355]


Fareed Zakaria? Sounds Muslimy. I bet that book is some sort of Al Qaeda training manual.
 
2014-04-06 10:05:02 AM  

cchris_39: Elect a socialist President then convince half the population that success is evil and corrupt and never earned and things like this eventually happen.

Spend whatever time is left suing each other because somebody got their feelings hurt and here we are.


In other news, cchris_39 prefers China's government to ours.
 
2014-04-06 10:06:44 AM  

cchris_39: Elect a socialist President then convince half the population that success is evil and corrupt and never earned and things like this eventually happen.

Spend whatever time is left suing each other because somebody got their feelings hurt and here we are.


So this has been going on since Reagan? He's the socialist you're talking about, right?
 
2014-04-06 10:09:19 AM  

cchris_39: Elect a socialist President then convince half the population that success is evil and corrupt and never earned and things like this eventually happen.

Spend whatever time is left suing each other because somebody got their feelings hurt and here we are.


Soooo... are you saying that you would prefer having an actual socialist economy like China's then? How about an actual oligarchy government like what the Chinese communist party pretty much is nowadays?

Or are you just another useful idiot who spouts out conservative buzzwords without really understanding what they mean?
 
2014-04-06 10:10:01 AM  

cchris_39: Elect a socialist President then convince half the population that success is evil and corrupt and never earned and things like this eventually happen.

Spend whatever time is left suing each other because somebody got their feelings hurt and here we are.

mashable.com
 
2014-04-06 10:15:13 AM  

Animatronik: 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?


It matters more to us because of our consumer centric economy.  The Chinese economy relies on imports and exports.  They are actually a much "richer" country in general.  Our advantage lies in our ability to maximize our potential.  Being much younger than China, we are much more flexible.  But that flexibility demands full participation in our domestic economy.  We have falling employment participation, stagnant consumer demand, mostly static hiring...

Their participation rate in China is increasing, and ours is falling.  We were neck-a-neck before.

The health of the economy has much more to do with rates of change than absolute values.
 
2014-04-06 10:24:45 AM  

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.


Our GDP is so high that when you manipulate the statistics it is easy to come up with something like this. Not saying we have not slown down but its going to be a long time before China catches up with us. Thats if we stand still and do nothing.
 
2014-04-06 10:39:52 AM  
Forgetting the accuracy of the ranking for the moment:

There is no shame in China overtaking the U.S. anyways. It has over three times our population ffs. You literally have to be wishing poverty on the Chinese to demand they be held back and remain below us in economic terms.
 
2014-04-06 10:46:50 AM  

Forbidden Doughnut: 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.

even my favorite Japanese wristwatch ( Casio G-shock) is now made in China....

/ build quality appears to be the same...although time will tell...


For Japanese watches there are kind of two tiers: mass-market stuff designed in Japan and manufactured in China or Thailand, and the good stuff manufactured in Japan, usually just for the domestic market.  If you're willing to spend around $400+ on a G-Shock or $1000 on a Seiko, you'll start seeing Made in Japan on them again.
 
2014-04-06 10:53:37 AM  

Koodz: Forbidden Doughnut: 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.

even my favorite Japanese wristwatch ( Casio G-shock) is now made in China....

/ build quality appears to be the same...although time will tell...

For Japanese watches there are kind of two tiers: mass-market stuff designed in Japan and manufactured in China or Thailand, and the good stuff manufactured in Japan, usually just for the domestic market.  If you're willing to spend around $400+ on a G-Shock or $1000 on a Seiko, you'll start seeing Made in Japan on them again.


I just tape a paystub and bank statement to my wrist to prove worth. I use my phone to check the time.
 
2014-04-06 10:56:54 AM  

the_vegetarian_cannibal: The "wealth" is insanely unequally distributed and there is a humongous rich-poor gap, especially between the urban and rural populations.


You know what states have the most inequality of wealth? Hint: not Texas. They're third. New York and Connecticut are 1-2 and they have the same issue - on paper, they should be the anti-Texas and a progressives' paradise. Immense social programs, (in NY) by far the nation's largest Medicaid budget, massive spending on education, high taxes on the rich, high taxes on fossil fuels, (hell, high taxes on everybody and everything), a well-compensated public sector with strong public-sector unions, tough gun laws, the few remaining conservatives relegated to the role of court jester (mainly because the William F. Buckley brand of conservative bailed for Florida decades ago), loads of mass transit, and it's even a place where Kennedys are still taken seriously even when they're spouting anti-vaxxer loonage.

So how come it ain't Camelot for all they spend?
 
2014-04-06 11:00:19 AM  
ZeroHedge.

LULZ!
 
2014-04-06 11:01:21 AM  
China shows the highest value not only among emerging economies but also when considering all the sample, inverting with the US the rank order given by the exports' share in nominal terms

Oh, nominal terms! Thems the important kind since the number is bigger with no reference for scale!
 
2014-04-06 11:14:09 AM  
Obviously the US needs to become a Communist country with a demand economy so that we can compete with China.
 
2014-04-06 11:18:56 AM  

Gulper Eel: the_vegetarian_cannibal: The "wealth" is insanely unequally distributed and there is a humongous rich-poor gap, especially between the urban and rural populations.

You know what states have the most inequality of wealth? Hint: not Texas. They're third. New York and Connecticut are 1-2 and they have the same issue - on paper, they should be the anti-Texas and a progressives' paradise. Immense social programs, (in NY) by far the nation's largest Medicaid budget, massive spending on education, high taxes on the rich, high taxes on fossil fuels, (hell, high taxes on everybody and everything), a well-compensated public sector with strong public-sector unions, tough gun laws, the few remaining conservatives relegated to the role of court jester (mainly because the William F. Buckley brand of conservative bailed for Florida decades ago), loads of mass transit, and it's even a place where Kennedys are still taken seriously even when they're spouting anti-vaxxer loonage.

So how come it ain't Camelot for all they spend?


Don't worry, some day you will understand how cities work.

Any state with a city like New York is going to attract enough of the 1% to have a big wealth inequality. Take a look at the median income to find out how the plebs are doing, then think about why the wealthiest are in a location. Those are the important factors.

But good work blaming mass transit and welfare I guess.
 
2014-04-06 11:23:01 AM  

theknuckler_33: ZeroHedge.

LULZ!


How long have they had their own tag? This bodes ill, methinks.
 
2014-04-06 11:32:52 AM  

itcamefromschenectady: My car was made in Canada.


i drive an honest to God American car. one driven by police and taxi companies across the good old USA. a 2004 crown vic.
 
2014-04-06 11:39:20 AM  

cameroncrazy1984: 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"


I saw "ZeroHedge" and I was all like, "Stopped reading there!"
 
2014-04-06 11:40:02 AM  

BigBurrito: 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)


Looks like someone gave his four year old a box of legos, scaled up the design and coated it with mirrors.
 
2014-04-06 11:44:04 AM  
Looks like some article's author is really really hoping to see America stumble and fall.
 
2014-04-06 11:44:49 AM  
This message brought to you from the blog that doesn't understand how the census works.
 
2014-04-06 11:46:22 AM  

Monkeyhouse Zendo: BigBurrito: 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)

Looks like someone gave his four year old a box of legos, scaled up the design and coated it with mirrors.


It's actually a fairly amazing library - the design is functional yet whimsical, and it brings an interesting flavor to the neighborhood. The only problem with the place is that it's easy to find your way to the top floor - just take the escalator all the way up - but the only elevator which will get you back down is hidden in an odd corner. There are people lost on the top floor that have been up there for years.
 
2014-04-06 11:46:47 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!


You know, there are tons of brand-new but totally empty cities spread out all over China (Google up "China's Ghost Cities"). Why can't anyone be allowed to move to any of them?

www.wnd.com
 
2014-04-06 11:54:21 AM  
Here's a good question :

Take this "power index"

multiply it by the GDP

Then divide it by the Population ...

I wonder how that chart would look...

Now for each nation, take that value, and locate it on its own prosperity curve ... Let's look at figures above and below that on the same chart for each nation ...

hm... I wonder what that would look like
 
2014-04-06 12:01:19 PM  

rubi_con_man: Here's a good question :

Take this "power index"

multiply it by the GDP

Then divide it by the Population ...

I wonder how that chart would look...

Now for each nation, take that value, and locate it on its own prosperity curve ... Let's look at figures above and below that on the same chart for each nation ...

hm... I wonder what that would look like


fc01.deviantart.net
 
2014-04-06 12:05:15 PM  

capn' fun: 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.


Most PhD programs are free. The bigger issue affecting medical science is the decline in NIH funding. Historically a PhD student would do a postdoctoral fellowship after graduating, and then apply for faculty positions after that. If things didn't work out they could go to the pharmaceutical industry. The incentive to get a PhD was high because there was a payoff at the end regardless of your path.

Now that's not the case. Faculty positions are extremely scarce to the point where only 1 in 6 postdocs will ever get a tenure track position. Furthermore, the pharmaceutical industry has been rapidly shedding R&D jobs. It's not that enough people aren't doing PhDs... it's that there's nowhere to go when they graduate. To make matters worse being an assistant professor is becoming increasingly miserable. The stress is unbelievably high to publish and secure grant funding, so the incentive to be overworked and underpaid for your PhD and postdoc to become an assistant professor is minimal.

The US still has the best scientific infrastructure of any nation, but you can't expect R&D to stay on top by cutting funding and treating scientists like livestock.

/end rant
 
2014-04-06 12:06:39 PM  

BeesNuts: 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.


"One China Policy", except when it comes to calculating economic numbers to look better on the world stage, right?
 
2014-04-06 12:08:42 PM  

TV's Vinnie: 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!

You know, there are tons of brand-new but totally empty cities spread out all over China (Google up "China's Ghost Cities"). Why can't anyone be allowed to move to any of them?

[www.wnd.com image 800x600]


From what I've read a lot of the homes and condos in the ghost cities have been bought up by real estate speculators.  Maybe they're expecting a huge population boom in the near future, or people to suddenly move out of the cities quickly, but it doesn't strike me as a particularly good investment.
 
2014-04-06 12:12:59 PM  

bkisfancy: capn' fun: 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.

Most PhD programs are free.


As someone once said, "if you're paying for your PhD, they didn't really want you there to begin with." And a lot of institutions are beginning to dump the PhD slots that aren't fully-funded. UVA went from 24 history grad slots to 12. A lot of institutions have pared back their history programs because, "there are too many [liberal arts] PhDs and it would be unfair to people who won't be able to get a job." Frankly, I found that to be rather obnoxious for reasons that are too extensive to go into here.
 
2014-04-06 12:21:57 PM  

Hobodeluxe: 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.


This. And stores like Walmart have the audacity to market themselves as American. People in the Midwest are proud to go Walmart, like it's all apple pies and trucks and American flags. They don't seem to realize that they're taking money out of their pocket and shipping it directly to China. You know, that country that violates human rights and practices Communism. Real freakin' American to support that.
 
2014-04-06 12:26:36 PM  
Good.  Now they can step up and police the world for awhile (obviously dnrtfa) and watch their people come home in caskets.
 
2014-04-06 12:27:20 PM  

capn' fun: 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.


Productivity isn't maxxed out... motivation is maxxed out. For the last few decades, US workers became increasingly more productive only to see real wages fall. They don't believe there's a connection between personal productivity and personal gains (there isn't)...so at a societal level, they just don't give a crap about productivity any more. There is no more American Dream, they're not reaching for anything any more... they're just trying to get by.
 
2014-04-06 12:39:28 PM  
I'm surprised to read a zerohedge article that doesn't tell me to buy gold or prepare for the imminent market eximplosion from hypermegaflation.
 
2014-04-06 12:42:27 PM  

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


strange how concentrating the income reduces spending.
strange how after 30 years of trickle down, morans still think it works
 
2014-04-06 12:44:45 PM  

firefly212: capn' fun: 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.

Productivity isn't maxxed out... motivation is maxxed out. For the last few decades, US workers became increasingly more productive only to see real wages fall. They don't believe there's a connection between personal productivity and personal gains (there isn't)...so at a societal level, they just don't give a crap about productivity any more. There is no more American Dream, they're not reaching for anything any more... they're just trying to get by.


Depends on the dream.  If you're a greedy fark that has to have it all- then yes, the American dream will surely fail you.  If you've been frugal, have met realistic expectations, and kept your debt under control, the American dream is alive and well!

My kids are on their way to college soon, we'll downsize into a home that's paid off (from the sale of our current home), and we'll spend the next ten or so years with a mix of helping out the kids with their bills and saving toward our retirement.  American dream: well on track.
 
2014-04-06 12:52:18 PM  

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

strange how concentrating the income reduces spending.
strange how after 30 years of trickle down, morans still think it works


Assuming the company is investing in itself (from the investments of the wealthy and profits)- the company would be taking on more employees.  So yes, an example where trickle down works.  If you define it as the wealthy being required to purchase more goods and employing more help around the home?  Trickle down would be an utter failure.
 
2014-04-06 12:52:47 PM  

clowncar on fire: Depends on the dream.  If you're a greedy fark that has to have it all- then yes, the American dream will surely fail you.  If you've been frugal, have met realistic expectations, and kept your debt under control, the American dream is alive and well!

My kids are on their way to college soon, we'll downsize into a home that's paid off (from the sale of our current home), and we'll spend the next ten or so years with a mix of helping out the kids with their bills and saving toward our retirement.  American dream: well on track.


THIS
so many people bought shiat that they couldnt afford, so much debt, so much crap and just expected things to keep growing. really? your house will NEVER LOSE any value? ROFL

Sorry, but I found it impossible to feel sorry for those people when things collapsed.
 
2014-04-06 12:53:53 PM  

BravadoGT: 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.


Indeed! So big, in fact, that they cannot possibly fail.
 
2014-04-06 12:54:15 PM  

BMulligan: Monkeyhouse Zendo: BigBurrito: 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)

Looks like someone gave his four year old a box of legos, scaled up the design and coated it with mirrors.

It's actually a fairly amazing library - the design is functional yet whimsical, and it brings an interesting flavor to the neighborhood. The only problem with the place is that it's easy to find your way to the top floor - just take the escalator all the way up - but the only elevator which will get you back down is hidden in an odd corner. There are people lost on the top floor that have been up there for years.


I vastly prefer the Vancouver central library. It's also very function and has a striking design without looking like it was designed by a tween trying way too hard to be different.

img.fark.netimg.fark.net
 
2014-04-06 12:55:16 PM  
So the author thinks China and Saudi Arabia belong in the G7 group of industrialized democracies?
 
2014-04-06 12:59:59 PM  

namatad: clowncar on fire: Depends on the dream.  If you're a greedy fark that has to have it all- then yes, the American dream will surely fail you.  If you've been frugal, have met realistic expectations, and kept your debt under control, the American dream is alive and well!

My kids are on their way to college soon, we'll downsize into a home that's paid off (from the sale of our current home), and we'll spend the next ten or so years with a mix of helping out the kids with their bills and saving toward our retirement.  American dream: well on track.

THIS
so many people bought shiat that they couldnt afford, so much debt, so much crap and just expected things to keep growing. really? your house will NEVER LOSE any value? ROFL

Sorry, but I found it impossible to feel sorry for those people when things collapsed.


Two ways a home loses its value: buy in a hot market (especially at the peak of that market), failure to maintain or build equity in that home.
Honorable mention: buy property in a declining neighborhood, buy the nicest home in the neighborhood, over improve the property so that it becomes the most expensive home.

The only time you make personal quirky cosmetic improvements is when you have either paid off the home or have no plans to sell so the improvements are of personal value only.
 
2014-04-06 01:08:57 PM  

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

strange how concentrating the income reduces spending.
strange how after 30 years of trickle down, morans still think it works

Assuming the company is investing in itself (from the investments of the wealthy and profits)- the company would be taking on more employees.  So yes, an example where trickle down works.  If you define it as the wealthy being required to purchase more goods and employing more help around the home?  Trickle down would be an utter failure.


Trickle down already is an utter failure. There's no need for a company to take on employees if the demand isn't there. You can't create demand with corporate or high-income tax cuts.
 
2014-04-06 01:14:04 PM  

EngineerAU: BMulligan: Monkeyhouse Zendo: BigBurrito: 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)

Looks like someone gave his four year old a box of legos, scaled up the design and coated it with mirrors.

It's actually a fairly amazing library - the design is functional yet whimsical, and it brings an interesting flavor to the neighborhood. The only problem with the place is that it's easy to find your way to the top floor - just take the escalator all the way up - but the only elevator which will get you back down is hidden in an odd corner. There are people lost on the top floor that have been up there for years.

I vastly prefer the Vancouver central library. It's also very function and has a striking design without looking like it was designed by a tween trying way too hard to be different.

[img.fark.net image 850x636][img.fark.net image 600x450]


It's a beautiful library - in a beautiful city - but that sort of monumental classical (I've probably used the term in a technically incorrect manner here) design would have been out of place in the Seattle location.
 
2014-04-06 01:15:19 PM  

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

strange how concentrating the income reduces spending.
strange how after 30 years of trickle down, morans still think it works

Assuming the company is investing in itself (from the investments of the wealthy and profits)- the company would be taking on more employees.  So yes, an example where trickle down works.  If you define it as the wealthy being required to purchase more goods and employing more help around the home?  Trickle down would be an utter failure.


trickle down has been an abysmal failure.
there is no evidence that it has done anything other than concentrate the wealth at the expense of the middle.

imagine a world where there were no bush tax cuts and the US had paid off its national debt.
now compare that to what we have instead.

fark trickle down, fark bush and fark the GOP
 
2014-04-06 01:18:26 PM  

cameroncrazy1984: Trickle down already is an utter failure. There's no need for a company to take on employees if the demand isn't there. You can't create demand with corporate or high-income tax cuts


this this and MORE FARKING THIS

repeating a lie doesnt make it true
trickle down failed, time to move on
war on drugs failed, time to move on

2016 will be one of the most import elections of our lives.
A gop president will destroy the recovery, such as it has been.
A dem president will at least keep things going.
 
2014-04-06 01:22:39 PM  

cameroncrazy1984: clowncar on fire: namatad: rev. dave: The US is not at the top because of the rising oligarchy.  The more power they have, the weaker we get.

strange how concentrating the income reduces spending.
strange how after 30 years of trickle down, morans still think it works

Assuming the company is investing in itself (from the investments of the wealthy and profits)- the company would be taking on more employees.  So yes, an example where trickle down works.  If you define it as the wealthy being required to purchase more goods and employing more help around the home?  Trickle down would be an utter failure.

Trickle down already is an utter failure. There's no need for a company to take on employees if the demand isn't there. You can't create demand with corporate or high-income tax cuts.


You can't blame the investor if the buyer isn't doing their part.  But the good news is- if the buyer isn't doing his part, that nasty investor is just wasting his money so we got win either way.
 
2014-04-06 01:23:19 PM  

EngineerAU: BMulligan: Monkeyhouse Zendo: BigBurrito: 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)

Looks like someone gave his four year old a box of legos, scaled up the design and coated it with mirrors.

It's actually a fairly amazing library - the design is functional yet whimsical, and it brings an interesting flavor to the neighborhood. The only problem with the place is that it's easy to find your way to the top floor - just take the escalator all the way up - but the only elevator which will get you back down is hidden in an odd corner. There are people lost on the top floor that have been up there for years.

I vastly prefer the Vancouver central library. It's also very function and has a striking design without looking like it was designed by a tween trying way too hard to be different.

[img.fark.net image 850x636][img.fark.net image 600x450]


Ummm
 
2014-04-06 01:30:23 PM  

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?


Bangladesh
 
2014-04-06 01:38:43 PM  

namatad: cameroncrazy1984: Trickle down already is an utter failure. There's no need for a company to take on employees if the demand isn't there. You can't create demand with corporate or high-income tax cuts

this this and MORE FARKING THIS

repeating a lie doesnt make it true  -

it does if the majority believe it- that's what politics is all about
trickle down failed, time to move on- trickle down failed only because the economy failed.  The theory that investment would strengthen an economy only holds true in a sound economy
war on drugs failed, time to move on- not sure yet. Let's see what happens to Colorado over the next few years.  Having a "drugged" population does not make us all the better for it. Can you imagine the income lost on the purchase of drugs?  Alcohol has already proven detrimental.

2016 will be one of the most import elections of our lives.- It will be another year- same ol'- same ol'.  You'll see only what you want to see and dismiss that which doesn't fit in your plan
A gop president will destroy the recovery, such as it has been.If that is what you've already decided- then probably.  When we were down to 4+% unemployment under Bush, there wasn't a lot of biatching going on.  You've owned the economy for the last 6 years- good or bad.  you can blame the previous administration for the bad times, take credit for the good (and you should) if it helps ease the pain.  Things are still not great, we're still hurting in the employment department, we're still a nation divided by its political beliefs.
A dem president will at least keep things going.
Historically- every president- for better or worse-- has kept things going.  This is about the only statement I have faith in.
 
2014-04-06 01:44:02 PM  

vygramul: As someone once said, "if you're paying for your PhD, they didn't really want you there to begin with." And a lot of institutions are beginning to dump the PhD slots that aren't fully-funded. UVA went from 24 history grad slots to 12. A lot of institutions have pared back their history programs because, "there are too many [liberal arts] PhDs and it would be unfair to people who won't be able to get a job." Frankly, I found that to be rather obnoxious for reasons that are too extensive to go into here.


I'm guessing you find it obnoxious because you're an Austrian. You are, aren't you? (I'm not saying you're one of the ideologues just looking for a tradition to hang your hat on here. I think you usually make some sense. Only most "Austrians" deserve full fledged attacks on their mothers.)
The problem I see here is that the education "market" isn't really a market at all. When we talk about "good" schools, the UVAs, supply is always restricted by the school, and prices are not allowed to reflect demand. When we talk about the "bad" schools, the other 5000 universities in America, "demand" is generated mostly by lies. So in neither case does the "market" provide any information, except maybe, in the case of the bad schools, how effective any particular lie is. That's not information the market should interested in.
It seems very difficult to create an education market, in the Austrian sense, because wealth and potential do not appear correlated. How would an Austrian construct a market for education, in which prices could reflect demand?
 
2014-04-06 01:45:21 PM  

Marcus Aurelius: 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?


Don't be ridiculous. Whoever heard of a hillbilly Buddhist?
 
2014-04-06 01:49:08 PM  

Spaz-master: EngineerAU: BMulligan: Monkeyhouse Zendo: BigBurrito: 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)

Looks like someone gave his four year old a box of legos, scaled up the design and coated it with mirrors.

It's actually a fairly amazing library - the design is functional yet whimsical, and it brings an interesting flavor to the neighborhood. The only problem with the place is that it's easy to find your way to the top floor - just take the escalator all the way up - but the only elevator which will get you back down is hidden in an odd corner. There are people lost on the top floor that have been up there for years.

I vastly prefer the Vancouver central library. It's also very function and has a striking design without looking like it was designed by a tween trying way too hard to be different.

[img.fark.net image 850x636][img.fark.net image 600x450]

Ummm


Attractive but a lot of wasted architecture.
 
2014-04-06 01:58:07 PM  

offmymeds: Don't be ridiculous. Whoever heard of a hillbilly Buddhist?


Google has!


img.fark.net
 
2014-04-06 01:58:42 PM  

Spaz-master: Ummm


"It's also very functional."


That was tough.
 
2014-04-06 02:08:01 PM  

namatad: cameroncrazy1984: Trickle down already is an utter failure. There's no need for a company to take on employees if the demand isn't there. You can't create demand with corporate or high-income tax cuts

this this and MORE FARKING THIS

repeating a lie doesnt make it true
trickle down failed, time to move on
war on drugs failed, time to move on

2016 will be one of the most import elections of our lives.
A gop president will destroy the recovery, such as it has been.
A dem president will at least keep things going.


What makes you think that our current situation is sustainable?

Irrational thinking causes economic crashes. People think "This time will be different!". It never is.
 
2014-04-06 02:11:35 PM  
Well of course China is #1 economically.

They save a shiatload of money paying their workers shiat wages so rich people in the USA can buy them.

Sorry if that makes you mad, subby.
 
2014-04-06 02:16:31 PM  

whidbey: Well of course China is #1 economically.

They save a shiatload of money paying their workers shiat wages so rich people in the USA can buy them.

Sorry if that makes you mad, subby.


Actually low wages provided Chinese a much significant benefit: keeping people employed and building infrastructure even during times of belt-tightening.

There is this "take short term pain for long term gain" thing that happens in China. Great Leap Forward is a good example of this.
 
2014-04-06 02:20:10 PM  

cman: whidbey: Well of course China is #1 economically.

They save a shiatload of money paying their workers shiat wages so rich people in the USA can buy them.

Sorry if that makes you mad, subby.

Actually low wages provided Chinese a much significant benefit: keeping people employed and building infrastructure even during times of belt-tightening.

There is this "take short term pain for long term gain" thing that happens in China. Great Leap Forward is a good example of this.


More like there was a hardline military dictatorship that controlled China and its resources for nearly 50 years and now it's morphed into a corporatist one where people get paid less than the US minimum wage to make cheap bullshiat.

I think that's what you really meant.
 
2014-04-06 02:24:54 PM  

whidbey: cman: whidbey: Well of course China is #1 economically.

They save a shiatload of money paying their workers shiat wages so rich people in the USA can buy them.

Sorry if that makes you mad, subby.

Actually low wages provided Chinese a much significant benefit: keeping people employed and building infrastructure even during times of belt-tightening.

There is this "take short term pain for long term gain" thing that happens in China. Great Leap Forward is a good example of this.

More like there was a hardline military dictatorship that controlled China and its resources for nearly 50 years and now it's morphed into a corporatist one where people get paid less than the US minimum wage to make cheap bullshiat.

I think that's what you really meant.


Do you have respect for Ted Koppel? If so then you will enjoy a program he filmed called "Peoples Republic of Capitalism". It will shock you.
 
2014-04-06 02:26:40 PM  

cman: whidbey: cman: whidbey: Well of course China is #1 economically.

They save a shiatload of money paying their workers shiat wages so rich people in the USA can buy them.

Sorry if that makes you mad, subby.

Actually low wages provided Chinese a much significant benefit: keeping people employed and building infrastructure even during times of belt-tightening.

There is this "take short term pain for long term gain" thing that happens in China. Great Leap Forward is a good example of this.

More like there was a hardline military dictatorship that controlled China and its resources for nearly 50 years and now it's morphed into a corporatist one where people get paid less than the US minimum wage to make cheap bullshiat.

I think that's what you really meant.

Do you have respect for Ted Koppel? If so then you will enjoy a program he filmed called "Peoples Republic of Capitalism". It will shock you.


Maybe I would like it, but I felt the need to point out your revisionist, needlessly apologetic attitude for China's exploitative labor practices.
 
2014-04-06 02:30:11 PM  

whidbey: cman: whidbey: cman: whidbey: Well of course China is #1 economically.

They save a shiatload of money paying their workers shiat wages so rich people in the USA can buy them.

Sorry if that makes you mad, subby.

Actually low wages provided Chinese a much significant benefit: keeping people employed and building infrastructure even during times of belt-tightening.

There is this "take short term pain for long term gain" thing that happens in China. Great Leap Forward is a good example of this.

More like there was a hardline military dictatorship that controlled China and its resources for nearly 50 years and now it's morphed into a corporatist one where people get paid less than the US minimum wage to make cheap bullshiat.

I think that's what you really meant.

Do you have respect for Ted Koppel? If so then you will enjoy a program he filmed called "Peoples Republic of Capitalism". It will shock you.

Maybe I would like it, but I felt the need to point out your revisionist, needlessly apologetic attitude for China's exploitative labor practices.


I am not being completely apologetic

Look at what I first said in this thread. I said that workers rights are being denied to Chinese and that is what is preventing China from developing as fast as it could. China has a very long way to go, but they are working on it and are getting much better. Poverty, once striking Chinese like no other nation, isnt the poverty that we believe. Times in China have been astonishing. These people are building a nation faster than no one on earth is. They are proud of their accomplishments. What we perceive China is and what China really is are so drastic.
 
2014-04-06 02:33:46 PM  

rumpelstiltskin: vygramul: As someone once said, "if you're paying for your PhD, they didn't really want you there to begin with." And a lot of institutions are beginning to dump the PhD slots that aren't fully-funded. UVA went from 24 history grad slots to 12. A lot of institutions have pared back their history programs because, "there are too many [liberal arts] PhDs and it would be unfair to people who won't be able to get a job." Frankly, I found that to be rather obnoxious for reasons that are too extensive to go into here.

I'm guessing you find it obnoxious because you're an Austrian. You are, aren't you? (I'm not saying you're one of the ideologues just looking for a tradition to hang your hat on here. I think you usually make some sense. Only most "Austrians" deserve full fledged attacks on their mothers.)
The problem I see here is that the education "market" isn't really a market at all. When we talk about "good" schools, the UVAs, supply is always restricted by the school, and prices are not allowed to reflect demand. When we talk about the "bad" schools, the other 5000 universities in America, "demand" is generated mostly by lies. So in neither case does the "market" provide any information, except maybe, in the case of the bad schools, how effective any particular lie is. That's not information the market should interested in.
It seems very difficult to create an education market, in the Austrian sense, because wealth and potential do not appear correlated. How would an Austrian construct a market for education, in which prices could reflect demand?


No, I generally find Austrians to have the same flavor of failure that Communists do: assumptions that all that empirical evidence disprove. I find it obnoxious because I think schools have no business making such determinations on behalf of students. It has a kind of Gattaca feel to it. I can understand schools limiting enrollment to preserve institutional reputation, to maintain the quality of the output, to prevent over-taxing resources, or a host of other legitimate reasons. To tell someone they can't come because you've decided that it's not good for them is what irritates.

There are other reasons as well, involving other reasons regarding UVA's history department, but it's a long story.

/About to start graduate school, so this isn't about me
 
2014-04-06 02:36:36 PM  

cman: Look at what I first said in this thread. I said that workers rights are being denied to Chinese and that is what is preventing China from developing as fast as it could. China has a very long way to go, but they are working on it and are getting much better. Poverty, once striking Chinese like no other nation, isnt the poverty that we believe. Times in China have been astonishing. These people are building a nation faster than no one on earth is. They are proud of their accomplishments. What we perceive China is and what China really is are so drastic.


You also seem to think that China is performing this "astonishing" time of development as a team, like the workers have any say in it at all.

I really don't get your posts at all. It's a shiathole there. With a wealth gap miles beyond anything in the US.
 
2014-04-06 02:40:35 PM  

whidbey: cman: Look at what I first said in this thread. I said that workers rights are being denied to Chinese and that is what is preventing China from developing as fast as it could. China has a very long way to go, but they are working on it and are getting much better. Poverty, once striking Chinese like no other nation, isnt the poverty that we believe. Times in China have been astonishing. These people are building a nation faster than no one on earth is. They are proud of their accomplishments. What we perceive China is and what China really is are so drastic.

You also seem to think that China is performing this "astonishing" time of development as a team, like the workers have any say in it at all.

I really don't get your posts at all. It's a shiathole there. With a wealth gap miles beyond anything in the US.


They dont have any say in it, and thats what is hurting them the absolute most

Rigidity is what caused the Soviet economy to fail. Everything was taken care of from the top down. When the Chinese workers start thinking for themselves they the workers will be able to do some good with their jobs.

The wealth gap is a problem indeed. Its wealth gap, IIRC, is much greater than the United States. And the workers getting their rights will take care of that, too
 
2014-04-06 02:45:28 PM  

cman: whidbey: cman: Look at what I first said in this thread. I said that workers rights are being denied to Chinese and that is what is preventing China from developing as fast as it could. China has a very long way to go, but they are working on it and are getting much better. Poverty, once striking Chinese like no other nation, isnt the poverty that we believe. Times in China have been astonishing. These people are building a nation faster than no one on earth is. They are proud of their accomplishments. What we perceive China is and what China really is are so drastic.

You also seem to think that China is performing this "astonishing" time of development as a team, like the workers have any say in it at all.

I really don't get your posts at all. It's a shiathole there. With a wealth gap miles beyond anything in the US.

They dont have any say in it, and thats what is hurting them the absolute most

Rigidity is what caused the Soviet economy to fail. Everything was taken care of from the top down. When the Chinese workers start thinking for themselves they the workers will be able to do some good with their jobs.

The wealth gap is a problem indeed. Its wealth gap, IIRC, is much greater than the United States. And the workers getting their rights will take care of that, too


Imagine how fast the Chinese economy would grow if workers were able to unionize (not that it'll ever happen under their political system).
 
2014-04-06 02:49:15 PM  
Communist China will kick 'murican butt within the next 10 to 20 years.   they have 3 to 4 times more of everything we have. and, unless they f*ck themselves over like we do, they can't help but end up at the top.
 
2014-04-06 02:50:05 PM  

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!



if the GOP had their way, our air would be the same.
 
2014-04-06 02:51:58 PM  

JerkyMeat: Capitalism and capitalists in particular have no allegence to country. Their one and only allegence is to money and profit.



BINGO!   you won.    and if this Nation ever really craps out, those same crony Capitalist pigs will fly in their private jets to their European, etc, homes.

they don't owe this Nation a damn thing. that is why they whine about their taxes so much.
 
2014-04-06 02:54:36 PM  

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

strange how concentrating the income reduces spending.
strange how after 30 years of trickle down, morans still think it works



most 'muricans will have to live under a bridge and in shanty towns populated with tents before they figure it out.  welcome to our sorry public school system and the corporate owned boob toob 'news'.
 
2014-04-06 02:56:57 PM  

cman: There is this "take short term pain for long term gain" thing that happens in China. Great Leap Forward is a good example of this.


Did you just imply that the Great Leap Forward was a good thing?  Really?
 
2014-04-06 02:57:03 PM  

vygramul: To tell someone they can't come because you've decided that it's not good for them is what irritates.


But when the market lies, an individual isn't in a position to decide what's good for himself. Self interest breaks down. Freedom breaks down. Who decides what is good?
 
2014-04-06 02:59:22 PM  

llortcM_yllort: cman: There is this "take short term pain for long term gain" thing that happens in China. Great Leap Forward is a good example of this.

Did you just imply that the Great Leap Forward was a good thing?  Really?


He was talking all kinds of shiat. I got tired of responding.
 
2014-04-06 02:59:56 PM  

llortcM_yllort: cman: There is this "take short term pain for long term gain" thing that happens in China. Great Leap Forward is a good example of this.

Did you just imply that the Great Leap Forward was a good thing?  Really?


LOL

My fail

I should have been more specific.

That was not my intent, no.

This is what happens when you write sentences funky
 
2014-04-06 03:07:11 PM  
*Gang of Four like typing detected*
 
2014-04-06 03:22:23 PM  

cman: llortcM_yllort: cman: There is this "take short term pain for long term gain" thing that happens in China. Great Leap Forward is a good example of this.

Did you just imply that the Great Leap Forward was a good thing?  Really?

LOL

My fail

I should have been more specific.

That was not my intent, no.

This is what happens when you write sentences funky


This is what happens when you have no idea what you're talking about/are high
 
2014-04-06 03:22:41 PM  

TuteTibiImperes: From what I've read a lot of the homes and condos in the ghost cities have been bought up by real estate speculators.  Maybe they're expecting a huge population boom in the near future, or people to suddenly move out of the cities quickly, but it doesn't strike me as a particularly good investment.


Where have we seen that before?

www.blogcdn.com
 
2014-04-06 03:31:51 PM  

clowncar on fire: namatad: cameroncrazy1984: Trickle down already is an utter failure. There's no need for a company to take on employees if the demand isn't there. You can't create demand with corporate or high-income tax cuts

this this and MORE FARKING THIS

repeating a lie doesnt make it true  - it does if the majority believe it- that's what politics is all about
trickle down failed, time to move on- trickle down failed only because the economy failed.  The theory that investment would strengthen an economy only holds true in a sound economy
war on drugs failed, time to move on- not sure yet. Let's see what happens to Colorado over the next few years.  Having a "drugged" population does not make us all the better for it. Can you imagine the income lost on the purchase of drugs?  Alcohol has already proven detrimental.

2016 will be one of the most import elections of our lives.- It will be another year- same ol'- same ol'.  You'll see only what you want to see and dismiss that which doesn't fit in your plan
A gop president will destroy the recovery, such as it has been.If that is what you've already decided- then probably.  When we were down to 4+% unemployment under Bush, there wasn't a lot of biatching going on.  You've owned the economy for the last 6 years- good or bad.  you can blame the previous administration for the bad times, take credit for the good (and you should) if it helps ease the pain.  Things are still not great, we're still hurting in the employment department, we're still a nation divided by its political beliefs.
A dem president will at least keep things going. Historically- every president- for better or worse-- has kept things going.  This is about the only statement I have faith in.


So you really want to believe. Well OK. So it isn't that the theory is wrong it's that realty won't cooperate with it.
 
2014-04-06 03:37:45 PM  
Guess who will be #2 soon enough?

www.dw.de

Good thing all the WW2 vets are dead...
 
2014-04-06 03:38:25 PM  

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.


Yes. So, what's your point?

Germany is lower than China as well, despite having a larger export surplus, well, or in order words, 20 times as large an export surplus per inhabitant. But evidently thats not the metric they were using.
 
2014-04-06 03:40:56 PM  

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.


OK, I'll try going to a supermarket or a car dealership.

Finding something Chinese in either would be very difficult. I mean, who in their right mind would eat anything made in China, or buy a Chinese car.
 
2014-04-06 03:51:36 PM  

Linux_Yes: Communist China will kick 'murican butt within the next 10 to 20 years.   they have 3 to 4 times more of everything we have. and, unless they f*ck themselves over like we do, they can't help but end up at the top.


China's been 10-20 years from kicking our ass for as long as Iran's been 5 years from a nuclear weapon.
 
2014-04-06 03:52:50 PM  

rumpelstiltskin: vygramul: To tell someone they can't come because you've decided that it's not good for them is what irritates.

But when the market lies, an individual isn't in a position to decide what's good for himself. Self interest breaks down. Freedom breaks down. Who decides what is good?


I'll be the judge of what's good for me.
 
2014-04-06 03:56:43 PM  

vygramul: rumpelstiltskin: vygramul: To tell someone they can't come because you've decided that it's not good for them is what irritates.

But when the market lies, an individual isn't in a position to decide what's good for himself. Self interest breaks down. Freedom breaks down. Who decides what is good?

I'll be the judge of what's good for me.


So say the young. Good luck.
 
2014-04-06 04:04:00 PM  

rumpelstiltskin: vygramul: rumpelstiltskin: vygramul: To tell someone they can't come because you've decided that it's not good for them is what irritates.

But when the market lies, an individual isn't in a position to decide what's good for himself. Self interest breaks down. Freedom breaks down. Who decides what is good?

I'll be the judge of what's good for me.

So say the young. Good luck.


So you're not the judge of what's good for you?
 
2014-04-06 04:05:45 PM  
From Exceptionalism to Mediocrity...

In Amerika, the Sun revolves around the Earth, Evolution is just a theory, climate change is denied by the clueless and the Bible is the source of all truth...

consciouslifenews.com
 
2014-04-06 04:12:57 PM  

Fart_Machine: clowncar on fire: namatad: cameroncrazy1984: Trickle down already is an utter failure. There's no need for a company to take on employees if the demand isn't there. You can't create demand with corporate or high-income tax cuts

this this and MORE FARKING THIS

repeating a lie doesnt make it true  - it does if the majority believe it- that's what politics is all about
trickle down failed, time to move on- trickle down failed only because the economy failed.  The theory that investment would strengthen an economy only holds true in a sound economy
war on drugs failed, time to move on- not sure yet. Let's see what happens to Colorado over the next few years.  Having a "drugged" population does not make us all the better for it. Can you imagine the income lost on the purchase of drugs?  Alcohol has already proven detrimental.

2016 will be one of the most import elections of our lives.- It will be another year- same ol'- same ol'.  You'll see only what you want to see and dismiss that which doesn't fit in your plan
A gop president will destroy the recovery, such as it has been.If that is what you've already decided- then probably.  When we were down to 4+% unemployment under Bush, there wasn't a lot of biatching going on.  You've owned the economy for the last 6 years- good or bad.  you can blame the previous administration for the bad times, take credit for the good (and you should) if it helps ease the pain.  Things are still not great, we're still hurting in the employment department, we're still a nation divided by its political beliefs.
A dem president will at least keep things going. Historically- every president- for better or worse-- has kept things going.  This is about the only statement I have faith in.

So you really want to believe. Well OK. So it isn't that the theory is wrong it's that realty won't cooperate with it.


The theory was to give all the tax payers 300 back to spend as they chose.  Who would have thought they would chose to buy hookers and dope (and pay some of their debt off)?  Either way, a failed attempts at stimulating the economy based on the theory that people with more money will buy more stuff.

Here's the difference.  people (with very little expendable income) who use drugs were (probably) more likely to use that money to purchase drugs- but then again, speculation on my part.  Those who were a little smarter probably used the money to cover past debt, others- for who the stimulus was intended-- probably stimulated the economy by buying stuff.

Mean while in lala land...   The rich already have the stuff they need so giving them more does not necessarily stimulate them to buy more.  What they do like to do with their money is invest.  Investments lead to growth, growth lead to more jobs.  Trickle down.  The problem is: if they invest overseas rather than locally.  Overseas investment results in loss of revenue (other than to the investor) locally so no trickle down is felt.  That does not mean its not occurring, it's just not happening locally.
 
2014-04-06 04:16:20 PM  

clowncar on fire: Fart_Machine: clowncar on fire: namatad: cameroncrazy1984: Trickle down already is an utter failure. There's no need for a company to take on employees if the demand isn't there. You can't create demand with corporate or high-income tax cuts

this this and MORE FARKING THIS

repeating a lie doesnt make it true  - it does if the majority believe it- that's what politics is all about
trickle down failed, time to move on- trickle down failed only because the economy failed.  The theory that investment would strengthen an economy only holds true in a sound economy
war on drugs failed, time to move on- not sure yet. Let's see what happens to Colorado over the next few years.  Having a "drugged" population does not make us all the better for it. Can you imagine the income lost on the purchase of drugs?  Alcohol has already proven detrimental.

2016 will be one of the most import elections of our lives.- It will be another year- same ol'- same ol'.  You'll see only what you want to see and dismiss that which doesn't fit in your plan
A gop president will destroy the recovery, such as it has been.If that is what you've already decided- then probably.  When we were down to 4+% unemployment under Bush, there wasn't a lot of biatching going on.  You've owned the economy for the last 6 years- good or bad.  you can blame the previous administration for the bad times, take credit for the good (and you should) if it helps ease the pain.  Things are still not great, we're still hurting in the employment department, we're still a nation divided by its political beliefs.
A dem president will at least keep things going. Historically- every president- for better or worse-- has kept things going.  This is about the only statement I have faith in.

So you really want to believe. Well OK. So it isn't that the theory is wrong it's that realty won't cooperate with it.

The theory was to give all the tax payers 300 back to spend as they chose.  Who would have thought they would chose to buy h ...


Also left out- people with excess tend to bank that excess to pass on to future generations to spend- thus a delay in the desired trickle.
 
2014-04-06 04:16:22 PM  

vygramul: rumpelstiltskin: vygramul: rumpelstiltskin: vygramul: To tell someone they can't come because you've decided that it's not good for them is what irritates.

But when the market lies, an individual isn't in a position to decide what's good for himself. Self interest breaks down. Freedom breaks down. Who decides what is good?

I'll be the judge of what's good for me.

So say the young. Good luck.

So you're not the judge of what's good for you?


I decide what am I am to do. I make mistakes. What I do is not always best for me, but I don't pretend that "market prices" always provide me "information".
 
2014-04-06 04:23:20 PM  

The Bruce Dickinson: From Exceptionalism to Mediocrity...

In Amerika, the Sun revolves around the Earth, Evolution is just a theory, climate change is denied by the clueless and the Bible is the source of all truth...

[consciouslifenews.com image 200x200]


Climate change, once referred to as global warming until reality gave it the smack down, is an ever evolving definition.  No one ever said the sun evolved around the earth (although the sun itself is not all that stationary), and the Bible is the source of truth for those who subscribe to such.  Evolution IS still a theory but its the best one we have so far so...
 
2014-04-06 04:25:46 PM  

rumpelstiltskin: vygramul: rumpelstiltskin: vygramul: rumpelstiltskin: vygramul: To tell someone they can't come because you've decided that it's not good for them is what irritates.

But when the market lies, an individual isn't in a position to decide what's good for himself. Self interest breaks down. Freedom breaks down. Who decides what is good?

I'll be the judge of what's good for me.

So say the young. Good luck.

So you're not the judge of what's good for you?

I decide what am I am to do. I make mistakes. What I do is not always best for me, but I don't pretend that "market prices" always provide me "information".


Amen, bro.  You get in the game- you hope to win more oft than lose.  Either way, you move on.
 
2014-04-06 04:31:37 PM  

clowncar on fire: rumpelstiltskin: vygramul: rumpelstiltskin: vygramul: rumpelstiltskin: vygramul: To tell someone they can't come because you've decided that it's not good for them is what irritates.

But when the market lies, an individual isn't in a position to decide what's good for himself. Self interest breaks down. Freedom breaks down. Who decides what is good?

I'll be the judge of what's good for me.

So say the young. Good luck.

So you're not the judge of what's good for you?

I decide what am I am to do. I make mistakes. What I do is not always best for me, but I don't pretend that "market prices" always provide me "information".

Amen, bro.  You get in the game- you hope to win more oft than lose.  Either way, you move on.


This is why it's dangerous to be serious on fark. Fortunately, I don't do that often.
 
2014-04-06 04:32:43 PM  

clowncar on fire: The Bruce Dickinson: From Exceptionalism to Mediocrity...

In Amerika, the Sun revolves around the Earth, Evolution is just a theory, climate change is denied by the clueless and the Bible is the source of all truth...

[consciouslifenews.com image 200x200]

Climate change, once referred to as global warming until reality gave it the smack down, is an ever evolving definition.  No one ever said the sun evolved around the earth (although the sun itself is not all that stationary), and the Bible is the source of truth for those who subscribe to such.  Evolution IS still a theory but its the best one we have so far so...


Well you sure showed that libulardo with your scientific knowledge.
 
2014-04-06 05:00:46 PM  

clowncar on fire: The Bruce Dickinson: From Exceptionalism to Mediocrity...

In Amerika, the Sun revolves around the Earth, Evolution is just a theory, climate change is denied by the clueless and the Bible is the source of all truth...

[consciouslifenews.com image 200x200]

Climate change, once referred to as global warming until reality gave it the smack down, is an ever evolving definition.  No one ever said the sun evolved around the earth (although the sun itself is not all that stationary), and the Bible is the source of truth for those who subscribe to such.  Evolution IS still a theory but its the best one we have so far so...


http://www.npr.org/blogs/thetwo-way/2014/02/14/277058739/1-in-4-amer ic ans-think-the-sun-goes-around-the-earth-survey-says

Evolution is fundamental to a comprehensive understanding of all biological disciplines. PERIOD!

Almost 100% of Congress subscribes to this Bible... and the other mutants in your populace.

Climate change is real, you're an idiot if you disagree.
 
2014-04-06 05:03:56 PM  

clowncar on fire: Climate change, once referred to as global warming until reality gave it the smack down, is an ever evolving definition.


Just say it: wealth distribution. Marxism. The Collective. Hillary Clinton.
 
2014-04-06 06:05:58 PM  

rumpelstiltskin: vygramul: rumpelstiltskin: vygramul: rumpelstiltskin: vygramul: To tell someone they can't come because you've decided that it's not good for them is what irritates.

But when the market lies, an individual isn't in a position to decide what's good for himself. Self interest breaks down. Freedom breaks down. Who decides what is good?

I'll be the judge of what's good for me.

So say the young. Good luck.

So you're not the judge of what's good for you?

I decide what am I am to do. I make mistakes. What I do is not always best for me, but I don't pretend that "market prices" always provide me "information".


What does this have to do with market prices?
 
2014-04-06 06:13:25 PM  

clowncar on fire: Investments lead to growth more money in the stock market, growth lead to more jobs more money in the stock market leads to more money in the stock market.  Trickle down.



The jobs don't just magically appear because investment is happening.  There has to be demand to fill and people actually have to invest in things that create jobs and not just contribute to ever more speculation.
 
2014-04-06 06:33:33 PM  

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.


Because our commitment to corporate profit above all else has gutted the middle class, thereby scooping a big hole in the middle of Purchasing Power, and eeking out every last cent of that profit has forced jobs to leave the country, meaning our increasing population has fewer and fewer places to work?

The US is number two only because it used to be number one by a big margin. The graph appears smart enough to account for "imminent collapse."
 
2014-04-06 06:39:44 PM  
clowncar on fire: Evolution IS still a theory but its the best one we have so far so...

STILL a theory?! There is no higher classification for a scientific explanation than Theory. But if you prefer the language of the foremost Christian religious leader: "Evolution is an essentially proven fact." -the freakin' Pope.
 
2014-04-06 06:52:03 PM  

clowncar on fire: The Bruce Dickinson: From Exceptionalism to Mediocrity...

In Amerika, the Sun revolves around the Earth, Evolution is just a theory, climate change is denied by the clueless and the Bible is the source of all truth...

[consciouslifenews.com image 200x200]

Climate change, once referred to as global warming until reality gave it the smack down, is an ever evolving definition.  No one ever said the sun evolved around the earth (although the sun itself is not all that stationary), and the Bible is the source of truth for those who subscribe to such.  Evolution IS still a theory but its the best one we have so far so...


Damn, I can't decide between troll or colossal moron.

The Intergovernmental Panel on Climate Change was founded in 1988, there was no "name switching" in an attempt to cloud the issue.  The globe is still warming due to the influence of man.  The geocentric model of the solar system was the dominant model for nearly 1500 years.  The scientific definition of theory is not the same as the everyday definition.  There is no "step above" a scientific theory.  A physical law is an observation of how things work while a scientific theory gives an explanation as to why.
 
2014-04-06 07:25:52 PM  

Baryogenesis: clowncar on fire: Investments lead to growth more money in the stock market, growth lead to more jobs more money in the stock market leads to more money in the stock market.  Trickle down.


The jobs don't just magically appear because investment is happening.  There has to be demand to fill and people actually have to invest in things that create jobs and not just contribute to ever more speculation.


Wait? Someone actually believes that supply side BS?
 
2014-04-06 10:40:32 PM  
China? Was this written 10 years ago? That bubble is about to assplode.
 
2014-04-06 10:51:46 PM  

Mrtraveler01: Baryogenesis: clowncar on fire: Investments lead to growth more money in the stock market, growth lead to more jobs more money in the stock market leads to more money in the stock market.  Trickle down.


The jobs don't just magically appear because investment is happening.  There has to be demand to fill and people actually have to invest in things that create jobs and not just contribute to ever more speculation.

Wait? Someone actually believes that supply side BS?



No, someone is a successful (if tiresome) troll.
 
2014-04-06 11:08:56 PM  

clowncar on fire: The theory was to give all the tax payers 300 back to spend as they chose.


Uh, the theory was to give the top-tier of income earners tax breaks which would eventually filter down to the rest of us.  We've been working with that theory for 50 years and it hasn't happened.  So you believe if we just stay the course and believe hard enough it's gonna eventually work?  Faith-based economic theory?
 
2014-04-07 12:56:03 AM  

clowncar on fire: The Bruce Dickinson: From Exceptionalism to Mediocrity...

In Amerika, the Sun revolves around the Earth, Evolution is just a theory, climate change is denied by the clueless and the Bible is the source of all truth...

[consciouslifenews.com image 200x200]

Climate change, once referred to as global warming until reality gave it the smack down, is an ever evolving definition.  No one ever said the sun evolved around the earth (although the sun itself is not all that stationary), and the Bible is the source of truth for those who subscribe to such.  Evolution IS still a theory but its the best one we have so far so...


Haha nice double dose of Flat-Earther, dude.
 
2014-04-07 01:31:24 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


Australians are very impressed with themselves lately. I live in Australia and don't bother listening to local radio any more because I'm sick of all the jingoistic, self congratulation. A recent headline in the Sydney Morning Herald for a story about the missing Malaysian airliner was 'Aussies Take the Lead'.

If I didn't have elderly ailing people here that rely on my support I would go back to the UK. I hate living in Australia.
 
2014-04-07 10:49:55 AM  

Zarquon's Flat Tire: 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?


Well if it foll

TuteTibiImperes: TV's Vinnie: 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!

You know, there are tons of brand-new but totally empty cities spread out all over China (Google up "China's Ghost Cities"). Why can't anyone be allowed to move to any of them?

[www.wnd.com image 800x600]

From what I've read a lot of the homes and condos in the ghost cities have been bought up by real estate speculators.  Maybe they're expecting a huge population boom in the near future, or people to suddenly move out of the cities quickly, but it doesn't strike me as a particularly good investment.


Their housing bubble hasn't burst yet, and the government is doing everything it can to keep it going because nobody, NOBODY knows what will happen or what to do once it does.  It's one of those scenes from a movie where everyone is partying and trying to keep smiling and dancing because they moment they stop dancing, everything starts to come crashing down.  We're just waiting for the first major moneyed player to break down in tears and start sobbing uncontrollably (which is, in this metaphor, pulling his money out of the market) while two or three people try to shush him or her and everyone else starts breaking down as well, a cascade failure of the forced and fake happiness at this metaphorical party.

Or so I'm told.  I admit I don't know all the ins and outs of Chinese politics but the impression I have gotten is that the government doesn't know that much about economics, nor do they care to.  So while they have unthinkable powers compared to the US government they have NO idea how to wield them, and their economic advisers, mostly the supply-siders that got them into this mess, tell them, "just keep dancing!"
 
2014-04-07 12:03:14 PM  

BeesNuts: Animatronik: 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?

It matters more to us because of our consumer centric economy.  The Chinese economy relies on imports and exports.  They are actually a much "richer" country in general.  Our advantage lies in our ability to maximize our potential.  Being much younger than China, we are much more flexible.  But that flexibility demands full participation in our domestic economy.  We have falling employment participation, stagnant consumer demand, mostly static hiring...

Their participation rate in China is increasing, and ours is falling.  We were neck-a-neck before.

The health of the economy has much more to do with rates of change than absolute values.


That may be true, but I question its value as a metric. Rates of change are much more volatile than absolute values, meaning that if I extrapolate absolute values, I'm going to be able to be more precise than if I'm extrapolating rates of change (based on the same sample size, over the same future period of time), especially if I toss in quadratics and cubics into the model.

As a practical matter, I suspect that by the time you're certain enough about the rate of change to make a pronouncement about the current health of the economy, the absolute values would have told the same story.

/I am not an economist; I'm just a run-of-the-mill statistician.
 
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