China's Hypergrowth Fueled By Building Giant Cities No One Lives In

[-SD-]

Careful with that... There are definitely ghost cities there, but:

1) china is doing well due to entrepreneurial efforts, and hampered by government planning. But net-net, they are still doing great.

2) when they do mess-up with central planning, they are still left with hard assets. We waste huge sums of money too, but it's on short (or zero) - lived assets.

Here's our hope. If we're lucky they'll attribute their success to central planning and do more of it. If they do, eventually it will strangle their entrepreneurial engine and we'll crush them.

But as long as we're at war with our own entrepreneurs and employers, what china does doesn't really matter because we'll collapse regardless.

*irregardless

 

[mrplunkey]

*irregardless

Doh!

I blame my lackage of fogging.

 

[b0und]

I think I have posted about China before.

Consider this, during the peak of the US housing crisis excess inventory was about 3-4 million homes.

China's excess inventory will be close to 100 million by 2015.

All financed on heavy leverage. Often with dubious LGFV's.







b0und (crash and burn, it will)

 

[b0und]

2) when they do mess-up with central planning, they are still left with hard assets. We waste huge sums of money too, but it's on short (or zero) - lived assets.

Hard assets nobody uses.

Houses/apartments nobody can afford. Empty train stations. Overcapacity on an astronomical scale.

And in 2016 the Chinese real estate developers will need to pay their bonds or refinance (with what money?).

They will crash and burn.












b0und (I'm gonna say, I told you so)

 

[jnevin]

I'm pretty sure I'd bottom out that butch looking slope on the far left and convert her to the peen.

 

[ceo]

nev I saw a chink in the grocery store today you would like. Looked like she just came from the gym in her tight spandex type, under armour shit.

Have I mentioned how incredibly common it is to see multitudes of hot women like...every day here?

 

[javaguru]

Hard assets nobody uses.

Houses/apartments nobody can afford. Empty train stations. Overcapacity on an astronomical scale.

And in 2016 the Chinese real estate developers will need to pay their bonds or refinance (with what money?).

They will crash and burn.












b0und (I'm gonna say, I told you so)

Indeed...I've been claiming China is a paper tiger for years. A centrally planned economy can only prosper for a limited amount of time before the market smacks it down.

 

[nefertiti]

Doh!

I blame my lackage of fogging.

No, you were correct with "regardless." Even if you count "irregardless" as a word, It's a double negative (negative prefix - ir; negative suffix - less) that should, grammatically, translate to a positive (in regards to), which is not how it is used. This has to be one of my biggest grammar pet peeves.

 

[mrplunkey]

No, you were correct with "regardless." Even if you count "irregardless" as a word, It's a double negative (negative prefix - ir; negative suffix - less) that should, grammatically, translate to a positive (in regards to), which is not how it is used. This has to be one of my biggest grammar pet peeves.

It's a redsamauri thing (as is my signature). I blame Mexican illegal alien life sciences Ph.D.s imported by Monsanto.

 

[-SD-]

Nef can be so cute sometimes.