Let’s just assume the entire country of China is exactly like their RTO’s, woefully represented in our markets.
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Joined Nov 10, 2007
23,443 Blog Posts
Very bullish for stocks…and buy more silver!
For international banker-friendly thinkers who find it odd to call our major, numero dos, economia a fraud. 2morrow’s reports from China, hail:
CNY Trade Balance (YoY) (JUN)
Medium $22.27B $14.20B $13.05B
02:00 CNY Exports (YoY) (JUN)
Low 17.9% 18.6% 19.4%
02:00 CNY Imports (YoY) (JUN)
Here’s the problem with that video. Every department store from sea to shining sea in these here United States is chock full of shit made in China. They could build an entire fucking ghost planet and they still have our jobs and enough excess cash to buy our tbills, and the entire state of Idaho (which they are working on now).
Don’t shed a tear for China, that video and Dubai just show much the US has pissed away their money and future.
But hey, it was a fun ride!
It is the equivalent to building pyramids. But when the music stops, rebels will seize said ghost cities to launch rebellions in China.
China is just a communist country when it goes for a shit they will just issue the housing to the people and fill the 65 million empty units.
u seemd to have caught a glimps of reality, so what now? i enjoy my boat paid cash, if the shit hits the fan im good, they can have my houses, n my cars, thou i would miss the vett n harley. these r just things. happeness is priceless..
You think where you live is screwed up and other places do things better, and then you see videos like this and you realize that they are just as screwed up, just in a different way.
Where was that, Las Vegas?
That’s Bizare! When you examine the effects of the housing bubble in the U.S. you can only imagine what might take place in China and how that might affect the rest of the world! Scary Shit!
64 million vacant apartments!
Lift the one child policy and price those apartments at close to zero. Problem solved.
u r an idoit……………………………
It would take 25 years for the policy change to affect housing rates. Also, many already pay fines and have multiple children.
When I was in Shunghai last year, a few of us decided to go to a “Sports Complex” on a Saturday. There were huge Olympic style pools, all empty. There were 4 or 5 massive lake to rent mini-power and paddle boats, no renters. Then, we went inside to play billiards. 100 tables, 5 customers, including us. C+I+I+G+E=Sick Growth
wheres bullish when ya need him?
Was in china in the late 90s, Beijing living sure has not changed and neither has the attitude “basic right”. Population will scream, leaders will demand action and developers and some low level politician will meet up with a single shot in the back of the head – problem solved, now move along.
They do it different nowadays. The death van pulls up in your yard. You go in and they hook you up to the IV. All done in about 15 minutes.
http://www.usatoday.com/news/world/2006-06-14-death-van_x.htm
They are way ahead of us in that department.
They need to keep building and rebuilding in order to keep the unwashed masses working and local govs need to continuously post nice growth numbers or they’ll be shot
Doesn’t anyone ever find it interesting how their GDP numbers are almost linear? And have been for some time
They are putting patch work on the euro and helping kick the can down the road
The remy martin in me says this is a good way for the us to get china to piss away as much of their fx reserves as possible
This is a way to delay/stop the power shift to the east
Once snort and goodnnite
Saw this a few months ago. Unreal.
This is “fraudulent growth” pure and simple.
There is no “complex, interweaving, economic theory/conspiracy.”
China wants to project growth and will gladly “categorize” any economic activity as “growth”.
Most just look at the data coming out of the sleeping dragon and “believe”.
Perhaps IBC could market a new energy drink?
Load it up with “Fish Oil’s and Omega 3’s”.
Call it “Critical Thinking.”
I’ll put Tim Seymour down for 1 case.
The commercial properties aspect is true i verified this while i was out in beijing damn so many new shophouses sat empty in the newly developed commercial area.
will visit china again next month will keep you guys updated
I can show you a bunch of nice new commercial buildings sitting empty in my town. They were stupidly built when easy financing was available. The “A” locations are still doing well, the ‘B” locations are sitting empty.
Maybe we should just be glad that the Chinese don’t practice the same method of increasing GDP that the U.S. does– having wars with countries that are no threat to us, so that the government can pay the military industrial complex companies huge sums of money for weapons and fuel to destroy things– and then the government pay s these companies more money to rebuild the things they just destroyed.
And somehow the U.S. government ends up with a huge national debt. I wonder how that happened.
Interesting video. For some reason I doubt that 64 Million number is even close to being right. You realize how many high rises that is?
Regardless, the truth remains that they have way overbuilt.
I am sure the Chinese have a plan for how to deal with this problem. I figure when the bubble bursts, they give basically give away the new housing to people who need it.
What else would you want them to do with their massive trade surplus? They can actually use these new high rises as a way to prevent mass chaos. Those that stay in line get new nice homes, and those that revolt get killed or left in their shanty village.
Well, truthfully, IDK WTF to think.
It seems to me the majority of wage earners in China live in our equivalent of slums and they are slowly being pushed out to, where, as they cannot afford the type of housing being built and left vacant. Yet, they work, in spite of their demoralizing situation, and they work hard. Please don’t tell me happiness is “not about having the material things in life” when I see a Chinese couple working hard and yet being forced to see their daughter only once a year because they cannot afford a home to raise a child. In the meanwhile, our poor people have a zillion kids and somehow find a way to get compensated for it by our government, while NOT working hard at all, except for baby manufacturing. Really, it seems to me even the poorest of Chinese in this video have shown principles and tenacity in the face of a dire predicament while the basic civilities of our society deteriorate to the point of embarrassment.
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And now my comment is awaiting moderation, WTH
What did you do? Write a complete sentence in English, spellchecked and punctuated properly?
I usually do try to post clean, grammatically correct comments, being a former journalist I at least try. I think I spent too much time on it and when I pressed “submit” the comment went to moderation. I tried “cut and paste” and the same thing happened. No biggee, I’ve moved onto other stuff, like cleaning my darn house.
This publication has news on China. http://www.epochtimes.com Two bridges recently partially collapsed. Anecdotal stories can be misleading but when enough stories accumulate you realize that China has too many people versus the natural resources available (never mind India and the rest of Asia) and the world’s new no. 1 polluter and energy user has big problems ahead and Jimmy Rogers still does not recognize it.
Better late than ever:
Vking is banned
No (sobbing to the water cooler – my Hero!), he’s not sooo bad Docteur, compromise, c’mon.
Since China is a centrally planned government-controlled economy, I guess they could just lower the rents and move in the huge number of Chinese that are crowded into inadequate housing now. The government would take a bath on the cost of building all those buildings, of course. But at least they wouldn’t sit empty and deteriorating.
Interesting to see where a centrally planned economy, that is making some moves toward capitalism and increased private enterprise, ends up. Because of the complete government control, it could end up differently than the housing bubble here– though not necessarily better.
Flyaway– I think computer programs for people submitting comments don’t let you post if you take a long time to type, Maybe they assume that your comment must be 20 paragraphs long.
lol. http://www.youtube.com/watch?v=GhxqIITtTtU
Apes and guns.
Here’s more Coin for you many red thumb clicking Haters out there: $WYNN. Long. Earnings. Tomorrow /Money-Monday.
Trade at your peril, as the Japanese Women’s World Cup champions might suffocate your account between their well bruised, but freshly bathed, thighs.
Nah Frog, it was only a long paragraph but I was editing myself.
Well, truthfully, IDK WTF to think.
It seems to me the majority of wage earners in China live in our equivalent of slums and they are slowly being pushed out to, where, as they cannot afford the type of housing being built and left vacant. Yet, they work, in spite of their demoralizing situation, and they work hard. Please don’t tell me happiness is “not about having the material things in life” when I see a Chinese couple working hard and yet being forced to see their daughter only once a year because they cannot afford a home to raise a child. In the meanwhile, our poor people have a zillion kids and somehow find a way to get compensated for it by our government, while NOT working hard at all, except for baby manufacturing. Really, it seems to me even the poorest of Chinese in this video have shown principles and tenacity in the face of a dire predicament while the basic civilities of our society deteriorate to the point of embarrassment.
How come vking is banned? Was he giving out financial advice?
fly18, this is why i get banned from sites , dont piss on my leg and tell me its raining. i trade for a living. i dont say im up 15% then show im neg for the year. but good calls r good calls, u know me, when im wrong im wrong. im not a millionaire, but i seem to get by! all i have is paid for. today i danced on the beach, im enjoying life. so what if u gain the world and loose your sole. enjoy ur life it the only 1 u got,
Danced on the beach?
yes i live in the keys, there were storms comming, and it was wonderfull, had to be here
Mark, remember the last time there was a storm coming – it was Hurricane Bill I think – and I was on the Jersey Shore and the water was flooding the area beneath the boardwalk in Ocean City and you started making life preserver jokes and all hell broke loose on The Street? Did we get roasted over the coals on that one. I’m glad you had fun dancing on the beach. I washed the floors in my house today, lol, a job which I detest.
when i first moved here wilma hit, i was knee deep in water, lost everthing.but i managed to keep a sence of humor, like whats the chancences of this happening again, we went threw the community helping who we could, (i had pumps) moved elderly to higher ground. the only thing that saved me was my humor. i was able to assist fema and the red cross. i spent days clearing the debris.
and ur statement valery vachinco, is unwarrented, i was trying to help u threw ur trouble not laugh at it…im not that shallow.
That’s Al Pacino, get it straight, Fred.
too late
That’s great, Razorsedge. Sounds like you helped lots of folks in your community, and I’ll bet they love you for it.
To each their own but where I come from when there are storms coming I get my ass to higher ground. See tsunami.
Regarding vking: it’s something I’ve been meaning to do, but had no time.
Might we soon being seeing Mrs. Fly on television?
http://www.cnbc.com/id/43768242/
Do the gaye “wifes” get to be oh the show?
Its very interesting how this will all play out kind of reminds me of the 90 resource bubble but on a larger scale.
All the investment guys saying to buy reasouces guess its the time to sell lol
I have a bad feeling about this….
Join the potential strike, NOW, for V.King’s return (as Fly knows, AG Holder has restricted bans on good faith Union Strikes).