Economic BBS

    • Interesting article on Vancouver Canada becoming a Chinese ghost city
      What's going on here is not a pyramid scheme but something else. Not that its any less fucked up.

      China has laws saying each individual can only export %50,000 a year. But there are a few loopholes, including foreign property investment. What is happening is that chinky factory owners and the like are taking out loans but instead of investing them in their factories, they are trying to get every penny out of China as fast as they can. They don't give a shit if the prices collapse 50% or even 80% or more, because its all embezzled corporate loans that they are lying about being "capital investment" to the banks and the CCP.
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    • > 04/01/2016 09:51 PM : .
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    • Marc Faber, appearing on Bloomberg TV, supports Trump
      None of these are necessarily new as Faber's position on these topics has been well known in advance. However, what surprised us was how clear Faber's political outlook is.

      This is what he said:

      FARBER: You can buy the Singapore stock market with a four percent dividend yield. Well, Singapore is a relatively sound economy. It's diversified and it's well run, unlike the U.S., unless, of course, the U.S. is run by Mr. Trump. Then the U.S. will improve."

      HYDE: But Mr. Faber, I mean, we're seeing from Donald Trump's potential policies that he wants to slow international trade between the United States and other countries. Surely that's going to be a block upon free markets.

      [continued]
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    • > 03/20/2016 12:37 AM : .
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    • Trump tards, if you're against trade deficits, why do you buy food?
      OK, so in your majical horsie world there are no taxes, and everything's puppies and rainbows.

      You just described... the ultimate free-trade agreement. No taxes on trade whatsoever. ALL jobs are free to move to China. Why are companies going to employ Americans at 20x the cost of Chinese kids, again? :lol:

      Grow up, son.
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    • > 03/05/2016 12:03 AM : .
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    • Trumps position on trade
      [quote]..[/quote]

      Leaders of this country should be protecting its citizens not multi-national corporations. The country has lost its tax revenue base and jobs that people could earn a living from by allowing this shit.
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    • In 1913, gas was 27 cents per gallon
      [quote]..[/quote]

      Those are much later model cars from around 1929-1932. Gas dropped considerably as there were economies of scale. As the other poster mentioned, it was 60 years before it hit the 1913 price again. Even adjusted for inflation, we've never seen it that high again.
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    • America's post-industrial future: People living in abandoned factories
      [quote]..[/quote]

      I forget the designers name, it was a few years back, and since I wasn't part of the "in" crowd, I felt obligated to point out that his ideas were rubish.

      As it turns out, everyone in council lost their jobs a year or two back, and so I can say "I was right assholes" :lol:

      I keep myself busy, because, an idle mind is the devil's workshop. But, from time to time, I do try to use my powers for good.
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    • Prediction markets, how accurate are they for polling?
      I'm thinking Bernie would try to ban this technology and Trump would only try to tax it.

      Predicting Trump was easy, here's prediction of second place:

      https://www.predictit.org/Market/1672/Who-will-place-2nd-in-the-2016-New-Hampshire-Republican-primary

      Here's 2016 national predictions:

      [continued]
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