joefranklinsrs

6 ms·

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by joefranklinsrs 8y ago
only the last few ones :) but hey, please ban me for talking about the urgent issues of the day.
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by joefranklinsrs 8y ago
Subjugating a billion people to AQI 600+ for 20 years isn't genocide? Locking a million muslims up and exterminating them isn't genocide? "It is actually designed to exterminate — eliminate — the whole Uighur nation as people
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by joefranklinsrs 8y ago
The most dangerous thing China export is oppression. Digital&AI surveillance, social credit system, 50 cents online army, and a CCP twisted dogma that authoritarianism + capitalism works (hint: it doesn't. It required blind belie
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by joefranklinsrs 8y ago
Belt and Road: Malaysian government stopped a $20B project. Maldives just called it one-sided. India refuses to have anything to do with it. So do most of the EU members. Media around the world is calling it debt trap Regulation: deadly
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by joefranklinsrs 8y ago
You forgot about the millions of jobs that disappear in China after factories leave for other countries. You forgot about the billions of foreign direct investment that actually helped China to get to where it is today, now leaving the coun
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by joefranklinsrs 8y ago
These flurry of NYTimes favorable articles on China, the last few days, is....fascinating. It's almost like those with vested interests knew a huge crash is about to come to China in 2019, and is trying to unload some investments. How
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by joefranklinsrs 8y ago
NYTimes is going overdrive cranking out favorable coverage on China the past couple of days. Perhaps NYTimes editors got some reminder from Wall Street that China again needs to be sold to the American public. Since Wall Street dismantl
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by joefranklinsrs 8y ago
The world is shades of grey. nothing and nobody is black or white. the context and magnitude of illegal immigrant separation/war criminals and muslim concentration camps are completely different.
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by joefranklinsrs 8y ago
To think about going to China, you're going to have to think about how to LEAVE china first "once the news goes out that you will be leaving China, alleged creditors will come out of the woodwork. The tax authorities will come up
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by joefranklinsrs 8y ago
If we look at the history of how US dismantled its manufacturing after the 90s (yes it started way before, but it was in much smaller scope), it was WALL STREET manipulation that allowed jobs to escape to countries with lowest amount of hum
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by joefranklinsrs 8y ago
Good for Bloomberg; I'm sure it will also play nicely for his presidential campaign ;) But it would be interesting if Bloomberg were to win in 2020 - we would have back-to-back businessman turned chief in command. So far, Trump has be
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by joefranklinsrs 8y ago
Now you are just grasping at straws :) but hey, everyone on the internet is a racist right?
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by joefranklinsrs 8y ago
Nope, simply giving context
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by joefranklinsrs 8y ago
I meant to say that the author works for Washington Post
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by joefranklinsrs 8y ago
Very optimistic piece about the Chinese economy from a Chinese American who now resides in China. The author works for Washington Post, which is owned by Jeff Bezos, whose company Amazon greatly benefits from China. There is no doubt this
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by joefranklinsrs 8y ago
I didn’t go into the 20-30% loss in GDP in detail, but it factors in loss of millions of manufacturing and management jobs, fake/wasteful GDP boosting stopped, loss of FDI, capital outflow, debt deleveraging, 20-30% further drop in Yua
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by joefranklinsrs 8y ago
"If those are actually further up the value chain leading to exports to the US (as you seem to suggest), those would largely be imported goods." The Chinese factories that produce goods destined for US, also produce goods for othe
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by joefranklinsrs 8y ago
"The US will be forced to pay more for everything" I'm assuming your assumption is because China is taking over all of the resources/production capabilities around the world? I don't think that can even remotely
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by joefranklinsrs 8y ago
"The US will have to bootstrap a lot of manufacturing to replace Chinese labor." They just have to move to cheaper countries to replace Chinese labor. One time upfront asset cost, but lower expense over time. "US trade &quot
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by joefranklinsrs 8y ago
I would argue time is (and always has been) on US's side. US has the more powerful economy, and the consumer market that China desperately needs to keep afloat. In addition, time will allow US companies to move its supply lines out of
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by joefranklinsrs 8y ago
This actually looks like the start of the disentanglement between the US economy and the Chinese economy. What will likely happens next (my best guess) is 1.) 40-60 percent of a company’s supply chain moves out of China 2.) China restrictin
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by joefranklinsrs 8y ago
This actually looks like the start of the distanglement between the US economy and the Chinese economy. What will likely happens next (my best guess) is 1.) 40-60 percent of a company’s supply chain moves out of China 2.) China restricting
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by joefranklinsrs 8y ago
I think there are two answers to that. The first is you are a small time player. The medium to big players do have to abide by the tariffs. And what they do is shift the factories and supply lines to other countries or back to US. The cos
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Trump will slap 10% tariffs on $200B in Chinese goods – and go to 25% at yearend(cnbc.com)
8 points by joefranklinsrs 8y ago|0 comments
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by joefranklinsrs 8y ago
What an odd comment to make :) It's true you can ignore all economic reality and focus on growth (fake or real). But history time and time again has shown that NOBODY escapes economic reality. Nothing goes up forever. "Debt, we&
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by joefranklinsrs 8y ago
My opinions are not of financial advice :) You can make money on a downturn as well as an upturn
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by joefranklinsrs 8y ago
If there's one single life-encompassing economic event this decade, it will be the emerging market financial crisis. The chart in the article clearly shows emerging market ex China going from 16 trillion to 29 trillion in 10 years. An
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by joefranklinsrs 8y ago
People have been proclaiming the death of silicon valley since the late 80s, when tech IPOs peaked in 1983, and the video game crash of 1983. But then silicon valley produced several more innovative booms - PC, internet, social, and mobile
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by joefranklinsrs 8y ago
My theory is that people are moving up to better jobs, after years of job training, education, and depressed demands, after 2008. Which would explain the low unemployment rate. Thus even though the wages for some industries are stagna
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by joefranklinsrs 8y ago
Great question, thanks for asking! I like Nikolai Kondratiev, Pettis, Alfred Marshall, Carmen Reinhart, and Bill Gates (read his recent stuff on software economics) I don't like Krugman and Greenspan.

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