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    World Economic News and Discussion

    Aristide
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    Post  Aristide Thu May 23, 2019 7:56 pm

    kvs wrote:https://www.zerohedge.com/news/2019-05-23/iphones-are-now-embarrassing-china-trade-war-deepens

    Hilarious delusion about China falling into a recession because of US tariffs.   It is the USA that will fall into a recession.

    Funny how inummerate is the author of the piece above.   Hwawei's domestic market volume is bigger than Apple's global market volume.

    The International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker shows Huawei shipped 206 million smartphones, 105 million in mainland China, accounting for 26.4% of the domestic market last year. Apple placed fifth in the country with 9.1%. By 1Q19, that fell to 7% compared to a 3% share gain for Huawei, according to Counterpoint.

    ...

    Apple is experiencing an innovation shortage and backlash across China. In 1Q19, iPhone shipments worldwide collapsed to 36.4 million units, a 30.2% decline YoY. Meanwhile, Huawei was the top smartphone manufacturer in the world for the first three months, recording positive growth. It should now make sense to Zero Hedge readers why President Trump and corporate elitists have waged an economic war on China; it's due to a rising China

    As with Russia, pompous, hubris-filled western elites and their mouthpieces are deluded that China is some banana republic dependent on
    exports.  China's biggest market is domestic and it drives its GDP growth.   This is rather easy to see since the country has 1.4 billion
    people.  Its middle class growth potential is enormous and will eclipse the combined middle class of NATO.  

    Also, as with Russia, NATO hyenas woke up too late to notice the "threat" of growth.  These criminally insane idiots will need to
    perpetrate a genocide of Russia and China to keep their gravy train of world domination going.  Too bad for these maggots that they
    will be wiped out at the same time they try to pull any such stunt.



    I find it interesting. Why so much hate?
    GarryB
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    Post  GarryB Fri May 24, 2019 8:03 am

    Because it is deserved?
    Aristide
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    Post  Aristide Fri May 24, 2019 8:20 am

    GarryB wrote:Because it is deserved?

    Its amusing because it is impotent hate. Like crickets hating a gecko.

    This forum has some intelligent people but i really love the crazy ones with their world domination and destruction phantasies
    AlfaT8
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    Post  AlfaT8 Wed Jul 31, 2019 12:31 am

    Looks like the German economy is going south.
    And as we all know, where Germany go's, so go's the rest of Europe.

    So Russia's preparations to resist Sanction and global economic turmoil are gonna be put to the test soon.

    GarryB
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    Post  GarryB Wed Jul 31, 2019 6:33 am

    It is amusing because US actions against Huawei have led Huawei to look for alternatives in terms of hardware and OS options... and they are talking with Russian companies about hardware and OS as alternatives to android and windows and apple.

    China dealing with Russian companies adding the Chinese market for new Russian products would be very economically valuable for Russian companies...

    This news regarding the German economy... I wonder how long EU sanctions can last against a country that could be a direct pathway between the EU and Asia...

    Of course I also hope the Russians look to Chinese high speed train technology instead of German technology...
    higurashihougi
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    Post  higurashihougi Wed Jul 31, 2019 8:28 am

    kvs wrote:https://www.zerohedge.com/news/2019-05-23/iphones-are-now-embarrassing-china-trade-war-deepens

    Hilarious delusion about China falling into a recession because of US tariffs.   It is the USA that will fall into a recession.

    From what I see, the trade balance between USA and China is more or less still the same. Deficit from good trade from Jan to May 2019 is only 10% lower than the same period in 2018.

    Tariff seems not work.

    From what I heard, there is hypothesis that, trade tariff from Trump does not serve as the means of "make murica great again", but as a mean to increase government revenue from import tax. Chinese producers will pay more tax to US government, in exchange US government will maintain the domination of Chinese goods and will continue to import a great deal Chinese goods. So that both sides still have profits.

    Which means nothing really changed. US government only want to capture more surplus from the society and it does not care about domestic manufacturers at all.

    And when US government intervened to capture more surplus, instead of US private importers did it for themselves, which means the power of private importers in the US is becoming weaker and weaker than Chinese producers, they couldn't capture more surplus themselves and had to let the surplus fall into the US government.
    GarryB
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    Post  GarryB Thu Aug 01, 2019 2:36 am

    Tarriffs only work if there is a domestic alternative... in the US market place there is no US maker of clothes that will benefit from a 25% tarriff being placed on clothes being imported from China, because all the clothes in the US market will be made in China because all the local alternatives would have gone under financially because they could never compete with China.

    The effect of US tarriffs on imported clothes coming from China is that the people in America buying clothes just get the privilege of having to pay 25% more for no extra value or quality improvement... it is the American people who pay the tarriffs...
    higurashihougi
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    Post  higurashihougi Thu Aug 01, 2019 7:36 am

    Tariffs without any potential alternatives is effectively the government capture larger portions of surplus from the society. And if the government manage to extract huge profit from import tax, it is its incentive to import more and more.

    Just my 2 cent. pwnd pwnd
    GarryB
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    Post  GarryB Fri Aug 02, 2019 3:03 am

    It is just an extra hidden tax that the average person has to pay... the price of clothes just went up, the price of electrical goods or cars or whatever, just went up because there are import tarriffs on them.

    The people selling wont absorb the cost, and the people that make them and export them wont absorb the cost it will be the consumers that pay the extra cost... which means the US taxpayer pays the cost... it is the same for the huge defence budget... all those shiny planes that sit on the ground because they are too expensive to actually use... they still pay for them...
    AlfaT8
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    Post  AlfaT8 Fri Aug 02, 2019 5:37 am

    Things are already going bad where i am, my family is selling their home and moving back in with my Grandparents, while i am stuck looking for a new job.
    Similar situation happened to my cousin last year and her family.
    Prices are going up, and oddly a lot of Chinese businessman and shop owners are heading back to China.

    As for U.S tax payers, most of their money isn't going into Defense, it's going to Welfare.
    America is already in a Welfare spiral.
    PhSt
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    Post  PhSt Sun Feb 14, 2021 7:11 pm

    Can't wait for this to happen, hope it happens tomorrow attack

    AlfaT8
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    Post  AlfaT8 Sun Feb 14, 2021 8:41 pm

    ZeroHedge wrote:"Power Bills To The Moon": Chaos, Shock As Electricity Prices Across US Explode

    World Economic News and Discussion - Page 7 Oneok%20nat%20gas

    Weather forecast models suggest the polar vortex will continue pouring Arctic air into much of the central US through Feb. 20. This means nat gas prices could rise even higher early next week as electricity demand continues to soar over the weekend as Americans crank up their thermostats and watch Netflix shows or mine Bitcoin.

    https://www.zerohedge.com/markets/power-bills-moon-chaos-shock-electricity-prices-across-us-explode

    Inflation in America is odd, but here we go.

    World Economic News and Discussion - Page 7 11q3u3
    kvs
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    Post  kvs Sun Feb 14, 2021 9:09 pm

    Reply to disappeared post with video of US financial Ponzi:


    The real inflation is way higher than the 2% number being tossed around. There are two inflation indices, the CPI and the PPI.
    The PPI is the producer price index and consumers don't see these prices since they are company to company transaction prices.
    Supposedly in the USA and the developed world they are about the same (2-3%). This is a fraudulent claim. You can see
    from the prices in the US MIC that they are enormous. So there is no way that the PPI in this sector was ever close to the
    CPI.

    Some bright bulb will chime in that the MIC is only a small part of the US economy. But you can see from the fiasco of the
    California high speed rail project that civilian sector prices are insane as well. And in fact, they move fast on the time scale
    of a year and not a decade. The price inflation in the US health care industry was 10% two decades ago and has not fallen.

    If you watch the video, the key detail is that the borrowing is to cover actual costs. So the money is being spent and
    reflects actual prices. So the debt growth reflects the real inflation in the system. The program expenditure growth in the
    USA and the developed world nowhere near enough to account for the debt growth and the official interest is not able
    to explain it either. Those Treasury IOUs have interest rates close to zero or even negative!

    https://www.thebalance.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287

    The US sovereign debt increased from about $8 trillion in 2005/6 to $22 trillion in 2018/19. So in a period
    of 13 years it went up by a factor of 2.75. That is just over 8% per year.

    1) The retired population growth in the USA is not that fast.

    2) The total population growth would translate into new taxpayers. So only a shrinking economy would induce more borrowing.

    3) The expenditure growth for new programs is not that fast either.

    The debt growth is convoluted with non-inflationary changes. For example, during WWII the US saw very large debt growth rates.
    You can also see the impact of the 2008 recession to some extent, but the growth did not fall after the recession.

    World Economic News and Discussion - Page 7 US_National_Debt_public_intergovernmental

    But that is just government debt. Private US debt outside of mortgages has been going up as well. The post 2008
    mortgage growth rate stall reflects people losing their houses and living in apartments. It is not a sign of prosperity.
    Since debt goes to pay actual prices, the official CPI/PPI numbers are a fraud. The US has at least 6% CPI which is
    what shadowstats.org finds by removing all the nonsense fixes introduced to dilute the number. The US PPI must be
    over 10% since there is no Chinese import price pressure effect.

    The official CPI/PPI numbers are simply not credible.

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    AlfaT8
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    Post  AlfaT8 Mon Feb 15, 2021 2:33 pm

    ZeroHedge wrote:U.S. Home Prices Pass 2005's Peak Level

    "Where's the inflation?" Central Bankers will undoubtedly and rhetorically ask critics and skeptics at a variety of upcoming speeches.

    Meanwhile, U.S. housing prices have finally eclipsed their peak from 2005 in the years leading up to the Great Recession. Note that at the beginning of 2021, we said real estate was entering the year in a "massive bubble".

    A combination of low interest rates and trillions in freshly printed dollars has led to the the median price of a single family home rising 14.9% to $315,000 in Q4. It was "the biggest surge in data going back to 1990, according to the National Association of Realtors," according to Bloomberg.

    "Prices rose in all 183 metros measured by the group and 161 had double-digit growth compared with just 115 of them in the third quarter," the report notes.

    https://www.zerohedge.com/markets/us-home-prices-pass-2005s-peak-level
    AlfaT8
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    Post  AlfaT8 Mon Feb 15, 2021 8:06 pm

    ZeroHedge wrote:Polar Vortex 'Paralyzes' Texas Refineries, Forced To Shut Down Amid "Severe Cold Weather"

    A brutal polar vortex has paralyzed much of Texas.

    Three million people are left without power as an extreme cold snap sends power demand to record highs. Energy infrastructure, such as natural gas pipelines have frozen, halting fuel flow to powerplants, resulting in record-high electricity rates. Now we're learning the chaos has spread to the crude complex in the state.

    Bloomberg reports Motiva Enterprises will shut down its Port Arthur refinery due to the cold weather. The refinery is North America's largest refinery, with a crude capacity of more than 630,000 barrels a day.

    "Unprecedented freezing temperatures necessitated safely and methodically shutting down our Port Arthur Manufacturing Complex. We are carefully monitoring weather conditions and will resume normal operations as soon as it is safe to do so," the company said in a statement.

    Reuters reports Chevron Phillips Chemical Co is preparing to shut down its refinery at Pasadena refinery because of the cold weather.

    Sources told Reuters, ExxonMobil Beaumont Chemical Plant is planning to shutter operations due to "severe cold weather." ExxonMobil also said it's experiencing operational issues "caused by a winter storm" at its Baton Rouge, Louisiana facility.

    What could prompt more refinery closures in Texas and along the gulf could be temperatures this week remaining well below normal.

    https://www.zerohedge.com/commodities/polar-vortex-paralyzes-texas-refineries-forced-shut-down-amid-severe-cold-weather

    Great, my gas prices are gonna go up some more.
    Hole
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    Post  Hole Mon Feb 15, 2021 8:39 pm

    "Unprecedented". Who could have thought about freezing temperatures in February? Surprised
    kvs
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    Post  kvs Tue Feb 16, 2021 1:35 am

    Hole wrote:"Unprecedented". Who could have thought about freezing temperatures in February? Surprised

    It's the USA and Texas is a subtropical location. America gets real winters only in the northernmost states south
    of the Canadian border. Washington D.C. is in a mild zone and there is a crisis if they get 5 cm of snow on the ground.

    There is a warm block over the northern Atlantic that his diverting Arctic air deep to the south. This February has
    been colder than normal and even colder than January.

    Big_Gazza
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    Post  Big_Gazza Tue Feb 16, 2021 10:46 am

    ZeroHedge wrote:Polar Vortex 'Paralyzes' Texas Refineries, Forced To Shut Down Amid "Severe Cold Weather"

    Can't imagine we'd ever see the Russians shutting down a refinery because of cold weather Laughing Laughing Laughing Laughing

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    AlfaT8
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    Post  AlfaT8 Thu Feb 18, 2021 6:55 pm

    ZeroHedge wrote:Texas Frozen Chaos Becomes Global Oil Market Nightmare With 40% Of US Crude Production Offline

    One week ago, when virtually nobody was following the sudden surge in certain obscure mid-continent nat gas prices...

    ... we warned that the ripple effects of the freezing vortex-induced calamity, which led to near record-low temperatures across the plains states, would ripple far and wide sparking logistical and commodity shockwaves not only in Texas and the continental US, but also around the world. Sure enough, just a few days later, Texas has been hit by a humanitarian crisis the likes of which it has never before seen with millions of people without electricity and increasingly without running water.

    And even though Texas is doing everything in its power to contain the fallout that, it appears that the crisis is now spreading, because as a result of the persistent freeze and rampant "force majeueres" across the industry, more than 4 million barrels a day of output - almost 40% of the nation’s crude production - is now offline, Bloomberg reports citing traders and executives.

    https://www.zerohedge.com/commodities/texas-frozen-chaos-becomes-global-oil-market-nightmare-40-us-crude-production-offline

    40% Suspect
    Hole
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    Post  Hole Thu Feb 18, 2021 8:18 pm

    Nice comment from Peskov. He said it would be nice for the people in Texas if they had some gas and that the government in Washington should rather work on energy projects at home instead of meddling in projects elsewehere.

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    GarryB
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    Post  GarryB Fri Feb 19, 2021 3:29 am

    Not enough gas for their own consumption but they want to supply Europe...
    kvs
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    Post  kvs Fri Feb 19, 2021 5:51 am

    GarryB wrote:Not enough gas for their own consumption but they want to supply Europe...

    US LNG to the EU should be properly called Qatari LNG. The US imports around 80 billion cubic meters per
    year from Canada. It also exports a smaller amount to Mexico. It couldn't replace Russia's over 150 bcm
    year no matter how hard Congress chimps throw their shit.

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    AlfaT8
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    Post  AlfaT8 Fri Feb 19, 2021 2:53 pm

    ZeroHedge wrote:Japan's Incredibly Shrinking Population Is A Big Problem

    Submitted by Ethen Kim Lieser of 19FortyFive.com, Science and Tech Editor who has held posts at Google, The Korea Herald, Lincoln Journal Star, AsianWeek, and Arirang TV. Follow or contact him on LinkedIn,

    As the ongoing coronavirus pandemic continues to limit the number of foreign workers entering Japan, new government data has revealed that the nation’s population contracted by a record four hundred twenty thousand people last year.

    That hefty figure shattered the previous mark of nearly three hundred thirty thousand, which was set just the year prior, and continued the downward trend seen over the past decade.

    https://www.zerohedge.com/economics/japans-incredibly-shrinking-population-big-problem

    No Patriarchy, no babies.
    And i wouldn't listen to some New York Socialist academic for advice.
    And their "Hope" is foreign workers apparently, LOL Laughing

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    Post  elconquistador Fri Feb 19, 2021 3:44 pm

    AlfaT8 wrote:

    No Patriarchy, no babies.
    And i wouldn't listen to some New York Socialist academic for advice.
    And their "Hope" is foreign workers apparently, LOL Laughing

    A big fat LOL indeed

    Whenever you hear a globalist with a weird sounding last name pushing for unfettered immigration, all alarm bells should start ringing

    Because it's a big fucking red flag

    Let's get real here. Even if low birth rates are a problem, immigration should not be on the table as a proposed solution. Japan's going to have issues due to low birth rates but these pale when compared to those facing the US and Western Europe due to immigration.

    Birth rates are a red herring. We have seen zero examples of a society that has collapsed due to a low birth rate and zero examples of societies that have successfully addressed a low birth rate through immigration. We have endless examples of societies that have been converted into dystopian hellscapes through mass migration. I mean, it isn't like the average American/European is much better off economically than the average Japanese if you know what I mean. Then there is the cultural/ethnic factor. Japan will still be Japan in 2100. But Germany, the USA or France?

    Forget about it.

    Also, unfortunately Japan already had its own 1965 Hart-Celler Act, which was enacted in 2018. The good thing is that Japan is an island. Yet it still seeping through. Nigerians are a frigging plague in Roppongi and are now expanding to other neighbourhoods. There are tens if not hundreds of thousands of Indians illegally staying in the country. Every convenience store in Tokyo seems to be manned by South East Asians.

    The article below states that Japan intends to go on a massive recruitment spree...



    In Pakistan.

    https://www.geo.tv/latest/251814-apan-plans-on-massive-hiring-spree-of-skilled-labor-from-pakistan

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    kvs
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    Post  kvs Fri Feb 19, 2021 3:58 pm

    Japan is being made to lick the heel of its master. Those PC laws are pure humiliation.

    The population of Japan is falling because the cost of living in that country is insanely high. That includes food and you pay through
    the nose for closet sized apartments. I think this factor is more significant than the liberated cock slut third wave feminist movement
    for the population dynamics. But female entitlement is growing which is accelerating the decline.

    If you look at the immigration as it is implemented today, it is highly selective. Japan is following the template of importing visible
    "minorities" and excluding "whites". The agenda is to physically change the composition of PC-conforming countries.

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