Implications of the recently announced China statistic.
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Yep, not outright lies just stating thing differently!
Well you know the old saying………..FAKE IT, TILL YA MAKE IT…….
We LIVE IN A FAKE WORLD ! DAY ALL 1 THE NEW WORLD ORDER !!!!!!!!! 1 WORLD NEW WORLD economy !!!!!!!
The new industry could be Biotech but could also be micro-power generation. How about a hat that has solar panels to charge your phone. (;-) Maybe mini nuclear plants. (sorry Franky, I know there is issues but that may not keep them from developing them.) By the time something is banned, they are finally able to make them clean enough to pass scrutiny.
New industry is mobile devices.
You really think so?
Glasses, watches, other wearing devices. Money is being plowed into that research.
Growing their economy? 60% of their drinking water is toxic, their air quality is toxic, their traffic is toxic, their sanitation is toxic, their rich and best workers are leaving for other countries. They need to build interstructure.
No disagreement, but you cannot disregard these numbers.
franky – is it safe to eat fruit from California?
Is that a gay reference?
Don’t Don’t GO dear !!!!!!!!! NO GAYS IN CHINA !
LOOKS like no more NBA in China……….
That would really surprise me, Franky!
I though he was the little guy from Iran there for a second.
Not a criticism but the statement that people prefer the U.S. markets, a totally criminal and corrupt system, a bunch of psychopaths that litteally risk the destruction of our planet, they torture,murder,rape etc etc etc and these guys are the preference?
I agree, that is our preference, but whats that say about us?
Funny world.
I hope Im flippin my coin the right way for gold and this fomc. lol
Yep bb, it is really a funny world!
I still dont get how people can forget basic supply and demand fundamentals: four billion people vs. 310 million or whatever….CORY – losing our manufacturing base was a death nail into our economic coffin: YOU THINK that is would be good for the US to re-establish that component of our economic infrastructure??? Yes – IT IS THE COMPONENT of the lifeblood of ANY sustainable long-term economy!
Marc…………..supply and demand.. are to complicated for the average American.
they only know………….they want to be supplied at their demand.
Gee Jerry,
SPOT ON!!
Marc,
I would have to say that re-establishing our manufacturing base to the level it used to be is probably, take out the world “improbably”.
We have all got to totally rethink our model of what should be rewarded in business. Sustainability is just a huge issue that gets insufficient dollars or attention to make it work. Maybe that is the next great leap forward for humanity when we turn our attention back to making and keeping our world liveable again. Over here they are in the process of planting millions of trees to make up for centuries of exploitation of the natural environment. Ethiopia has been defoliated by as much as 95% and little remains of the old forests to turn into charcoal anymore. At least they are trying to address the situation now before it is too late. I cannot say that about most of the rest of the world that has not yet had to face up to a real shortage of renewables because they are all so busy stripping what remains in the surplus nations to notice trouble is brewing.
GOLD START TO GO UP !!!!!!!!
Biotech? With significant cutback in medicare spending who is going to pay for it?
You may have the most amazing biotech breakthroughs but in order for biotech to take off someone is going to need to pay the bill? Obama-care?
Biotech is extremely reliant on medicare or private insurance reimbursements.
Unless you are referring to biotech drugs that are geared for the rich or the super wealthy than I don’t see biotech becoming the next ground breaking industry that is going to bring us out of the next recession.
Every new technology gets its start in markets geared to “.. the rich or the super wealthy” because they’re the ones who can bear the high unit cost of the new technology. Automobiles, radio, TV, personal computers, cell phones, how many more would you like me to cite? They ALL had high initial unit costs until “the rich” bought enough of them for manufacturers to start enjoying economies of scale in production and then – voila! – down came unit costs and “Hello, mass market!”. Biotech will be no different.
20-30 years ago computers were very expensive and very few people had one. Now almost everyone in the world has a computer in their pocket with more computing power than what sent man to the moon.
The same thing will happen with boitech. Price will come down to the point where everyone can afford it just like they can afford an I phone today.
China might get to be number one but I have my doubts they will enjoy it for long. The leverage in the system is still mind numbing. A reckoning still awaits and that will correct size for quality.
Maybe the quickest way to being number two is to jump up and down and say, “We’re number 1!”
hurrah…we’re #2
irishtony2
franky – is it safe to eat fruit from California, or is it radioactive?
Birdman – I think you are correct.
China will not make it in the long run. Too many people. Unbelievably high pollution in their earth and water. Ghost cities. ‘Shadow banking’. Printing money. Inflation. Their middle class is not emerging and in my opinion the true strength of a nation’s economy IS its middle class. (ours is dying which explains why US is starting to tank) China has far worse corruption than we suffer in the US. Does anyone remember they are communist? 🙂 More and more companies will abandon them as the hunt for cheaper labor moves to… Africa??? They are so much more worse off than we are. We have clean water, food, shelter, heat/ac, and an EPA + activists to save us. The Chinese do not. Honestly, the Chinese people should continue to purchase gold. They’re gonna need it to migrate from that polluted mainland to survive elsewhere. (yes, it really IS that bad over there – Google it.)
Their up and coming rich and upper class are moving to Canada, U.S. and coastal Mexico. Last time I was in Vegas there was bus loads of them looking at houses. Same thing with Corpus Christi, San Diego and Miami.
We have a growing number of Chinese immigrants here in our little corner of the world. A failed real estate development with gorgeous water views was recently purchased by a Chinese company. Remember that we are not exactly centrally located!
You said it Tim! Bloody disaster zone. Stinking polluted, poisoned landscape that cannot ever be made right again. Makes me think of how empires die, not how they achieve greatness. Jared Diamonds book “Collapse” comes most immediately to mind. The government there could take every cent of their multi trillion dollar hoard and spend it all on the environment and still not correct the damage that was done. China is inexorably in decline from the perspective of livability and the future for them is about as dismal as can be imagined. If that is success I do not want to know about failure.
I have heard really conflicting opinions on that.
I have heard; however, from numerous sources that Africa is benefiting big time from its very low labor costs.
Any comments, Bird?
Is this a novel way to get higher inflation numbers short term?
Treasury may change inflation target to include housing costs.
http://www.telegraph.co.uk/finance/economics/10799758/Treasury-may-change-inflation-target-to-include-housing-costs.html
You think U.S. government numbers are fake…..China’s are fake.