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China's Subprime Crisis Is Here

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Re: China's Subprime Crisis Is Here

#71

Post by nebula »

rosser wrote: post #48
jcoffland wrote: post #33

The American media seems to jump at any opportunity to dismiss China as an economic threat. It makes us feel more secure but leads to a public informed only about one side of China's story. Namely the part our ego can handle. China has regularly surpassed the US in number of cars sold since 2009. China also holds more US debt than any other country. Another way to put that is the US government owes China over 1 trill…

China can do things at a scale the West in general, and the US in particular can't even fathom. I was in Tibet with some friends in October. At one point, our tour bus was detoured, because the bridge on our scheduled route wasn't big enough for it, so we drove a couple hours out of our way, and just happened to pass a 10MW solar plant. In the middle of Nowhere, Tibet. A thing we wouldn't even have seen if we hadn't…

new constitution, which favored closer ties with China over India.

Really? They have it ingrained in the constitution? If Geo-political situation changes, and they need to re-balance their ties? They are going to need constitutional amendments?

Re: China's Subprime Crisis Is Here

#72

Post by TheLogothete »

jcoffland wrote: post #33

The American media seems to jump at any opportunity to dismiss China as an economic threat. It makes us feel more secure but leads to a public informed only about one side of China's story. Namely the part our ego can handle. China has regularly surpassed the US in number of cars sold since 2009. China also holds more US debt than any other country. Another way to put that is the US government owes China over 1 trill…

Believing China's GDP growth rate blows all the credibility out of your argument.

Re: China's Subprime Crisis Is Here

#73

Post by eva1984 »

jcoffland wrote: post #33

The American media seems to jump at any opportunity to dismiss China as an economic threat. It makes us feel more secure but leads to a public informed only about one side of China's story. Namely the part our ego can handle. China has regularly surpassed the US in number of cars sold since 2009. China also holds more US debt than any other country. Another way to put that is the US government owes China over 1 trill…

China's GDP is misleading, everyone including the government themselves doesn't trust it fully(see keqiang index), but odd enough, anyone else's method is more problematic. Then again, it is not reliable, but doesn't mean it is blatantly lying, you need to decide yourself to which degree you would bet on it.

Re: China's Subprime Crisis Is Here

#74

Post by witty_username »

miserable1980 wrote: post #21
necrodawg wrote: post #14

Earlier quoted context omitted.

I too have grown tired of shitty articles with shitty headlines that make some misunderstood argument on why China is about to have a bad time. It's at the point where I'm wondering if these publications are just fishing for clicks.

We've been in constant crisis mode since 2000 (just as I graduated college). This crap kept me from buying a home, delayed marriage and children, etc. In my mid 30s, I have no job security, almost no retirement and no home. I had no idea life in the 21st century was going to be so miserable for young people in North America. I guess this is globalization in action :(

Why do you think it's globalization in action?

Re: China's Subprime Crisis Is Here

#75

Post by agumonkey »

jcoffland wrote: post #33

The American media seems to jump at any opportunity to dismiss China as an economic threat. It makes us feel more secure but leads to a public informed only about one side of China's story. Namely the part our ego can handle. China has regularly surpassed the US in number of cars sold since 2009. China also holds more US debt than any other country. Another way to put that is the US government owes China over 1 trill…

I'm wary of such massive growth, they might not reach a stable structure. Also shit happens. But maybe mass trumps everything else and they are massive.

Re: China's Subprime Crisis Is Here

#76

Post by dangerpowpow »

eva1984 wrote: post #73
jcoffland wrote: post #33

The American media seems to jump at any opportunity to dismiss China as an economic threat. It makes us feel more secure but leads to a public informed only about one side of China's story. Namely the part our ego can handle. China has regularly surpassed the US in number of cars sold since 2009. China also holds more US debt than any other country. Another way to put that is the US government owes China over 1 trill…

China's GDP is misleading, everyone including the government themselves doesn't trust it fully(see keqiang index), but odd enough, anyone else's method is more problematic. Then again, it is not reliable, but doesn't mean it is blatantly lying, you need to decide yourself to which degree you would bet on it.

everyone's gdp is slightly misleading.

Re: China's Subprime Crisis Is Here

#77

Post by dangerpowpow »

rosser wrote: post #48
jcoffland wrote: post #33

The American media seems to jump at any opportunity to dismiss China as an economic threat. It makes us feel more secure but leads to a public informed only about one side of China's story. Namely the part our ego can handle. China has regularly surpassed the US in number of cars sold since 2009. China also holds more US debt than any other country. Another way to put that is the US government owes China over 1 trill…

China can do things at a scale the West in general, and the US in particular can't even fathom. I was in Tibet with some friends in October. At one point, our tour bus was detoured, because the bridge on our scheduled route wasn't big enough for it, so we drove a couple hours out of our way, and just happened to pass a 10MW solar plant. In the middle of Nowhere, Tibet. A thing we wouldn't even have seen if we hadn't…

>India, used to being Nepal's big brother and pushing it around, subsequently closed their border with Nepal

No we did not close any border. This is false information.

Re: China's Subprime Crisis Is Here

#78

Post by jorgecurio »

Everytime a piece about china is posted the comments are quickly the same in tone, "oh but China already surpassed US" uh no it fucking didn't not even close. Especially when the Chinese minister admitted China's GDP is complete fiction. Nobody in China even knows the score because it's super tough with all the corruption to get anything done with accuracy.

It's like there's no room for a China that is fallible. China is perfect the all knowing all seeing for these crowd. China is the future they claim.

Not with that ugly ass communist nanny state system suppressing free speech and censoring media you don't.

Re: China's Subprime Crisis Is Here

#79

Post by seehafer »

hackuser wrote: post #32
miserable1980 wrote: post #21

Earlier quoted context omitted.

We've been in constant crisis mode since 2000 (just as I graduated college). This crap kept me from buying a home, delayed marriage and children, etc. In my mid 30s, I have no job security, almost no retirement and no home. I had no idea life in the 21st century was going to be so miserable for young people in North America. I guess this is globalization in action :(

I've heard others say that, but I don't understand: Other than the 2008 recession, which was a much worse one than its predecessors, what is any worse than earlier periods? If you are thinking of 9/11, before that we had the Cold War, against an enemy many orders of magnitude more dangerous and damaging. I almost think that conservatives who sell crisis, to justify all sorts of things from civil liberties restriction…

> but how else can you characterize voting, multiple times, to not only shut down the whole government but actually trying to make it default on its debt?

A last ditch effort to try to bring some sanity to a budgeting process so broken that the the national debt has doubled since Obama became President.

Re: China's Subprime Crisis Is Here

#80

Post by rosser »

nebula wrote: post #71
rosser wrote: post #48

Earlier quoted context omitted.

China can do things at a scale the West in general, and the US in particular can't even fathom. I was in Tibet with some friends in October. At one point, our tour bus was detoured, because the bridge on our scheduled route wasn't big enough for it, so we drove a couple hours out of our way, and just happened to pass a 10MW solar plant. In the middle of Nowhere, Tibet. A thing we wouldn't even have seen if we hadn't…

new constitution, which favored closer ties with China over India. Really? They have it ingrained in the constitution? If Geo-political situation changes, and they need to re-balance their ties? They are going to need constitutional amendments?

So, what, India closed the border to a country of 30 million people — the border through which not just fuel but pretty much everything is imported — because LOL?

Southern Nepal — the part of the country that is very closely tied, culturally and economically, with India — went on a general strike for weeks, to the point that there were police killing strikers and strikers lynching police, because they were bored?

Sorry, I didn't read the constitution, myself. I took the word of our local guide, an incredibly bright, aware Nepali gentleman and professor of anthropology in Kathmandu, and pretty much everyone else in the country with whom I spoke about the situation. (The exceptions being people who either didn't understand the situation well enough to comment, or didn't feel comfortable discussing it with a foreigner.)

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