Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

China mortgage boycott data erased by censors as crisis spreads

bloomberg.com

Post reply on HN
Print view View original

261–270 of 320 posts

Re: China mortgage boycott data erased by censors as crisis spreads

#261

Post by 411111111111111 »

inglor_cz wrote: post #242
411111111111111 wrote: post #172

Earlier quoted context omitted.

> Musk has a very deep understanding of tech of his companies Like with his white paper for the Hyperloop which was fundamentally wrong and couldn't have worked? Or with his idea of putting Hyperloop segments on.... Wheels? Or with his idea to make the whole rocket reusable, until SpaceX accepted reality and pivoted to at least partial reusability? Or to cite current examples: full self driving that doesn't actively…

"Or with his idea to make the whole rocket reusable, until SpaceX accepted reality and pivoted to at least partial reusability?" What do you dislike about this particular idea? It is not inherently wrong , it is "only" very technically challenging. What SpaceX did was not a pivot, rather introduction of an intermediate step because full reusability proved too hard at that point . But they never gave up on the ultimat…

It's not that I dislike the idea. it's just simply impossible to do so with combustion engines/rocket engines that carry any load. The energy expenditure to reach LEO is too stressful to materials known to man, and the tiniest issue causes full destruction.

It will always be more effective to recreate relevant parts instead of full disassembly, in-depth quality assurance and then reassembly

Re: China mortgage boycott data erased by censors as crisis spreads

#262

Post by inglor_cz »

tsimionescu wrote: post #248
throwaway894345 wrote: post #201

Earlier quoted context omitted.

China’s population is double that of Europe, so China would need to produce twice the quantity of innovation to be comparably innovative. I’m not saying it doesn’t achieve this, but we should be wary of comparing two places with vastly different populations. > But when done right, as it was in China after the 90s and before the Pooh, it has also caused the single biggest reduction in poverty in world history, measure…

> This was largely China moving away from a planned economy and toward a more market oriented economy. Possibly, though they still retained much more control than the capitalist economies they outgrew. > Also, you have to take care about how you measure “largest reduction in poverty” here as well because poverty was declining all over the world at the same time, largely driven by advancements from the capitalist west…

"The rest of the world outside China has remained at the same or worse poverty levels, largely."

This largely is doing a lot of heavy lifting here. Specifically, many countries in southeast Asia, geographically close to China but using different societal models, have grown much, much richer since 1950.

South Korea, Taiwan, Vietnam, Thailand, Malaysia, Indonesia have nowadays much higher living standards than they used to have.

Re: China mortgage boycott data erased by censors as crisis spreads

#263

Post by inglor_cz »

bigcat12345678 wrote: post #208
petre wrote: post #200

Earlier quoted context omitted.

> China is way more innovative than much of Europe for example Of course they are, having built upon stolen EU and US tech and having trained their people in the West. But they learn fast and incrementally improve those designs. The difference is the Russians had their very own designs. Even in electronics, their concepts are fundamentally different from western concepts.

Who is paying the royalty for gun powder?

Uh, this is disingenuous. Patents are limited to 20 years, and for a good reason.

(I would wish for much shorter copyrights, too, or at least for the need to register and pay them after X years.)

Re: China mortgage boycott data erased by censors as crisis spreads

#264

Post by GekkePrutser »

refurb wrote: post #137
mysterydip wrote: post #111

Earlier quoted context omitted.

Just curious what your monthly payments are like compared to your income.

I think people are confused by the term (length of fixed rate) versus amortization (total time to pay off debt). In Canada mortgages are typically 25 or 30 year amortization periods, but you can only fix the rate for 10 years (usually less as you get a much lower rate). After the 5 years you renew your mortgage at the current interest rate with the same bank, or try and refinance entirely which requires the same pape…

In Spain too.

Re: China mortgage boycott data erased by censors as crisis spreads

#265

Post by kmonsen »

vkou wrote: post #189
kmonsen wrote: post #146

Earlier quoted context omitted.

I support the Catalan movement as I believe in all people’s right to self determination but that is fundamentally different. Catalonia does not have a legal right to just break free from Spain. It would also be difficult for any country if the richest region could break free at will. On the other hand Hong Kong has a legal right for local rules for at least 50 years after the handover in 1997. That treaty was broken…

Legality is meaningless when there was no meeting of minds when the law was drafted. Catalonia's current situation was created by an authoritarian, fascist government. The law in question was drafted without the consent of the governed, and is thus illegitimate, if it does not have ongoing consent of its constituents.

I think legality still matters.

But more importantly it is a joke to compare the situation in Catalonia with that of Hong Kong. It’s not like we see trains full of people on the way to torture in concentration camps leaving Barcelona.

Re: China mortgage boycott data erased by censors as crisis spreads

#266

Post by ericmay »

andrekandre wrote: post #203
petre wrote: post #200

Earlier quoted context omitted.

> China is way more innovative than much of Europe for example Of course they are, having built upon stolen EU and US tech and having trained their people in the West. But they learn fast and incrementally improve those designs. The difference is the Russians had their very own designs. Even in electronics, their concepts are fundamentally different from western concepts.

> having built upon stolen EU and US tech and trained their people in the West. But they learn fast and incrementally improved those designs. its the way for many successful countries... the u.s stole tech and ignored patents from england/europe to a great result, same with korea and japan and taiwan (with regard to "the west") etc... its not unusual

Yea this is true, it’s just annoying that they do that and then boast as if it’s their own technology while screaming about the virtues of their State, which, is inarguably inferior on this particular point given that in order to advance in technology they must acquire it from superior economic systems.

Re: China mortgage boycott data erased by censors as crisis spreads

#267

Post by inglor_cz »

411111111111111 wrote: post #261
inglor_cz wrote: post #242

Earlier quoted context omitted.

"Or with his idea to make the whole rocket reusable, until SpaceX accepted reality and pivoted to at least partial reusability?" What do you dislike about this particular idea? It is not inherently wrong , it is "only" very technically challenging. What SpaceX did was not a pivot, rather introduction of an intermediate step because full reusability proved too hard at that point . But they never gave up on the ultimat…

It's not that I dislike the idea. it's just simply impossible to do so with combustion engines/rocket engines that carry any load. The energy expenditure to reach LEO is too stressful to materials known to man, and the tiniest issue causes full destruction. It will always be more effective to recreate relevant parts instead of full disassembly, in-depth quality assurance and then reassembly

"impossible", "always"

These predictions do not tend to age well. I am not an aerospace engineer, but Starship seems to be fairly hopeful.

Already Falcon 9 shows that you do not need to fully disassemble engines etc. to be sure that they are OK. A static fire with enough sensors will do, and nowadays they don't even do that.

If you look at the table of booster reuses of Falcon 9, failures happen, but they are infrequent.

https://en.wikipedia.org/wiki/List_of_Falcon_9_first-stage_b...

Re: China mortgage boycott data erased by censors as crisis spreads

#268

Post by ericmay »

dirtyid wrote: post #179
atwood22 wrote: post #167

Earlier quoted context omitted.

> 40% or so is rural banks etc Aren’t those the banks that were taken over by gangs and has their funds embezzled? You’re painting way too rosy a picture of the Chinese financial system. It’s taken months to make rural depositors while after having their money stolen. They’re still waiting.

~300/4400 banks represening ~1% (I think 500B USD worth) of total PRC banking assets fell within the high risk category according to PBOC audit last year. Which included the rural banks running the high interest scam by gangs hence the April crack down. For reference the 24 major banks hold 70% of assets. Interestingly these stats were released in PBOC Q1 press briefing in mid April that seems to coincide with hammer…

Do the big state-owned banks not have any exposure to high-risk banks or real estate developers?

Re: China mortgage boycott data erased by censors as crisis spreads

#269

Post by ericmay »

chii wrote: post #229
01100011 wrote: post #218

Earlier quoted context omitted.

One scenario: USD is weakened by a BRICS* based basket of currencies and the US is released from the chokehold of the Triffin Dilemma. Another scenario: Automation makes labor costs less relevant. Anyway, it's happening already. Tons of news articles covering it lately. For instance: https://www.bnnbloomberg.ca/us-factory-boom-heats-up-as-ceos... > but if they could do it today, they would've dominated already Weird…

> Weird logic. I don't follow. There's no indication that the manufacturing capacity could be taken over by a south-eastern asian country. If they could do so, why is it not done today, rather than in the future (when china loses their manufacturing capacity)?

Because it takes time to do so?

I don’t think companies are going to fully leave the Chinese market or anything. That wouldn’t make any sense. But divest their exposure and locate factories all around the world because of the risk due to concentration? Yea definitely.

Re: China mortgage boycott data erased by censors as crisis spreads

#270

Post by nobodyandproud »

inglor_cz wrote: post #239
cowmoo728 wrote: post #120

Earlier quoted context omitted.

I see it as they can't control technology and academia without stifling it in the process

The weakest link is the actual application of a discovery in real life. Brilliant scientists can be apolitical and so isolated from the rest of the society that they don't even realize what's going on. Notably, the Soviet Union produced a lot of excellent results in mathematics and physics. But when it comes to designing and selling actual products based on the theoretical discoveries, the inefficiency, stupidity and…

That reminded me of Archimedes: https://datatorch.com/life/Archimedes_faced_death_with_coura...
Post reply on HN