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Recent expat analysis on China's massive bubble; 15 minute video
Topic Started: 11 Jan 2017, 03:45 PM (1,956 Views)
Terry
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Jon Snow
15 Jan 2017, 09:49 PM
The most interesting part was the "nail houses", where entrepreneurial Chinese peasants are gaming the socialist government payment system for land. More stories, more profit. Brilliant.

Forget the "Ghost cities", centrally planned economies and markets have a long history of spectacular failure. To think you can plan the economic activity of 1.3B people is the highest form of delusion.
Perhaps. But if you take a look at the Anglosphere, we seem to think we can sustain economies based on boom / bust cycles. If the U.S. is the role model, it appears the lot of the suburbanites is going backwards.
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Jon Snow
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Terry
15 Jan 2017, 09:54 PM
Perhaps. But if you take a look at the Anglosphere, we seem to think we can sustain economies based on boom / bust cycles. If the U.S. is the role model, it appears the lot of the suburbanites is going backwards.
Everything is consumed and yet money persists. Ever growing. You need a bust to get rid of some of the money.
Speak when you are angry and you will make the best speech you will ever regret.
Ambrose Bierce
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Ex BP Golly
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Jon Snow
16 Jan 2017, 11:37 PM
Everything is consumed and yet money persists. Ever growing. You need a bust to get rid of some of the money.
And you need busts to get rid of inefficiencies, but......like in Animal Farm, not all inefficiencies are equal.

Little people's inefficiencies seem to be the ones targeted the most; wages and conditions; lifestyles and expectations.

I can't wait for the trailer trash to realise what they have done voting in the Donald.
Edited by Ex BP Golly, 17 Jan 2017, 12:53 AM.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Jon Snow
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Ex BP Golly
17 Jan 2017, 12:03 AM
And you need busts to get rid of inefficiencies, but......like in Animal Farm, not all inefficiencies are equal.

Little people's inefficiencies seem to be the ones targeted the most; wages and conditions; lifestyles and expectations.

I can't wait for the trailer trash to realise what they have done voting in the Donald.
Yep. If you are not in control of your life, someone else is.

If you buy a depreciating asset because someone told you it "always goes up in value", well, more fool you. A depreciating asset can't go up in value, only in price because it is sitting on a monopoly resource like land. And now you are completely dependent on external forces to maintain and sustain that monopoly and the underlying demand.
Speak when you are angry and you will make the best speech you will ever regret.
Ambrose Bierce
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Khaderbhai
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Wealthy Suburbanite

Jon Snow
16 Jan 2017, 11:37 PM
Everything is consumed and yet money persists. Ever growing. You need a bust to get rid of some of the money.
Land is not consumed. That's where most money goes.
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
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Jon Snow
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Khaderbhai
21 Jan 2017, 03:21 PM
Land is not consumed. That's where most money goes.
And that's why you have busts. Busts destroy the excess money and suck it out of land prices.
Speak when you are angry and you will make the best speech you will ever regret.
Ambrose Bierce
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