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#21 Balloon guy

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Posted 19 February 2013 - 08:12 AM

Close down Party Poker to the room full of SnG scammers and they got to do something.
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#22 colonel Feathers

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Posted 19 February 2013 - 01:05 PM

View PostFCP Bob, on 09 February 2013 - 05:01 PM, said:

China Passes U.S. to Become World’s Biggest Trading Nation



China surpassed the U.S. to become the world’s biggest trading nation last year as measured by the sum of exports and imports, a milestone in the Asian nation’s challenge to the U.S. dominance in global commerce that emerged after the end of World War II in 1945.

U.S. exports and imports last year totaled $3.82 trillion, the U.S. Commerce Department said last week. China’s customs administration reported last month that the country’s total trade in 2012 amounted to $3.87 trillion. China had a $231.1 billion annual trade surplus while the U.S. had a trade deficit of $727.9 billion.
I sense a measure of satisfaction in your reporting of this.
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#23 Balloon guy

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Posted 19 February 2013 - 02:12 PM

View Postcolonel Feathers, on 19 February 2013 - 01:05 PM, said:

I sense a measure of satisfaction in your reporting of this.

The wound when he read that California has a larger economy than all of Canada, and wasn't even trying, is still fresh.
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#24 colonel Feathers

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Posted 19 February 2013 - 06:37 PM

View PostBalloon guy, on 19 February 2013 - 02:12 PM, said:

The wound when he read that California has a larger economy than all of Canada, and wasn't even trying, is still fresh.
What I find fresh is that in the same thread that showcases horrible smog, and prolly slave wages and working conditions, is a celebratory post about chinas bustling economy.
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#25 FCP Bob

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Posted 19 February 2013 - 06:53 PM

View Postcolonel Feathers, on 19 February 2013 - 06:37 PM, said:

What I find fresh is that in the same thread that showcases horrible smog, and prolly slave wages and working conditions, is a celebratory post about chinas bustling economy.

yup, real celebratory

Go China Go
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#26 colonel Feathers

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Posted 19 February 2013 - 09:07 PM

View PostFCP Bob, on 19 February 2013 - 06:53 PM, said:

yup, real celebratory

Go China Go
After rereading post 14, cant interpret it as being purely informational in purpose.
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#27 pezeveng

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Posted 21 February 2013 - 12:13 PM

Bob what's your take on these ghost towns?

Posted Image

#28 FCP Bob

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Posted 21 February 2013 - 01:22 PM

View Postpezeveng, on 21 February 2013 - 12:13 PM, said:

Bob what's your take on these ghost towns?



The ghost towns are a product of the hundreds of billions of dollars of misdirected investment in the Chinese economy. You have hundreds of millions of people who have inadequate housing at the same time that there are massive developments that are sitting empty.

In too many cases investment is made and developments are built not because they will be productive but because the local officials will profit from it and they think it will make it look like their region is growing faster which gets them promoted.

China has a totally corrupt system where everybody is taking their piece of the pie.
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#29 colonel Feathers

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Posted 21 February 2013 - 03:51 PM

View Postpezeveng, on 21 February 2013 - 12:13 PM, said:

Bob what's your take on these ghost towns?

Posted Image
Wonder what a penthouse with a view goes for here?
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#30 FCP Bob

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Posted 22 February 2013 - 02:41 AM

China admits pollution has caused 'cancer villages'


The Chinese government has admitted for the first time that decades of reckless pollution have spawned a string of toxic "cancer villages".
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#31 colonel Feathers

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Posted 22 February 2013 - 04:38 PM

View PostFCP Bob, on 22 February 2013 - 02:41 AM, said:

China admits pollution has caused 'cancer villages'


The Chinese government has admitted for the first time that decades of reckless pollution have spawned a string of toxic "cancer villages".
looking on the bright side, one govt official noted the population explosion is finally under control.
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#32 FCP Bob

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Posted 26 February 2013 - 02:49 AM

China’s riskiest property market just collapsed. Is this how it starts?


Quote

The problem is that the Chinese tend to put their money in real estate because they perceive it as a safe and reliable investment. This drives up prices, which leads more Chinese to invest, which drives up prices more. But because people are treating housing as an investment, the market is artificially inflated. People buy apartments but don’t live in them. One day, it’s possible that Chinese consumers will wake up and decide that those investment apartments aren’t such safe investments after all, or maybe they’ll just need to free up the cash they used to buy them, at which point they’ll want to start selling. That will lead prices to drop, perhaps catastrophically. If you’re a standard Chinese family with 41 percent of your money tied up in real estate and that real estate loses more than half of its value, as it did in Phoenix City, then it’s like a whole bunch of your money just disappeared.

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#33 FCP Bob

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Posted 26 February 2013 - 03:26 AM

China Has Its Own Debt Bomb

Not unlike the U.S. in 2008, China is at the end of a credit binge that won't end well.
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#34 mrdannyg

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Posted 26 February 2013 - 06:12 AM

This is interesting stuff Bob, thanks for posting.
Long signatures are really annoying.

#35 Balloon guy

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Posted 03 March 2013 - 09:08 AM

China ready for currency war


Reminds me a lot of China's declaration that they were 'ready to go to war with Russia' back in the 50's.

Their thought is that they can live in caves for 100 years and still be China, where as the rest of the world cannot make this kind of commitment to the future.

so I don't know that I take their statement as the same as the USA telling anyone that we are 'ready to go to war with you' because we actually are ready to go to war, but more of a ' no matter how bad you hurt us we will continue and eventually come back' kind of a statement from China.


thoughts?
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#36 FCP Bob

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Posted 03 March 2013 - 09:30 AM

So called currency wars aren't really a worry.

Things like low real interest rates and quantitative easing lead to lower relative exchange rates and if everybody is doing the say thing then the relative exchange rates won't move much.

A currency war isn't like a trade war which can do real harm.


Talk of currency wars "overblown," IMF spokesman says

http://money.cnn.com...wars/index.html
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#37 FCP Bob

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Posted 03 March 2013 - 06:22 PM

60 minutes story on the Chinese Real Estate Bubble

http://www.cbsnews.c...h/?id=50142079n
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#38 FCP Bob

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Posted 11 March 2013 - 03:13 AM

This is why Chinese people boil water before drinking it.


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#39 FCP Bob

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Posted 12 March 2013 - 02:13 AM

China’s nightmare scenario: By 2025, air quality could be much, much worse
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#40 colonel Feathers

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Posted 12 March 2013 - 10:33 PM

View PostFCP Bob, on 12 March 2013 - 02:13 AM, said:

Even if we do affect climate change, wats the point in us destroying our economy when countries like China India, and any other emerging 3rd world country will just make our efforts moot.
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