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  • #265,661
  • Jul 1, 2010 1:06am Jul 1, 2010 1:06am
Quoting gatorinla
yes ,, they sleep under bridges. many houses are mt.. whole brand new cities are mt. more and more continue to come with no place to stay. it dont matter how much they build for these guys. they cant pay anyway.
Okay, that is very good point. I used to worry about that and take that into consideration and thought, geesh, doesn't that mean they built a banana economy?


Well, the Chinese did address the issue by building more and more "public housing" that is affordable and everywhere (started around the early 2000's). Though these houses obviously cannot be as nicely built as the more expensive private housing, the low price and/or low rent can let people move in and not suffer the sleeping under bridges problem.

Its kinda like a man from rural cities, and decides to move to Manhattan to pursuit a new life. The person has no car nor is really willing to live very far but has a job that is paying fairly Manhattan rate but hasn't acquired enough to find housing yet. He has a choice to not go to Manhattan, but he "heard" that there is a higher pay and wage compared to the rural area. Remember that developing country will of course has a big difference from the rural to large cities like Beijing and Shanghai, etc....
  • #265,662
  • Jul 1, 2010 1:07am Jul 1, 2010 1:07am
Chinese labor went up today. That's a crisis for businesses.

Bloomberg was talking about some company dumping their factory in the mainland and moving to the east where they can have cheaper labor. Could of sworn they said the company will employ 300,000 people.

Of course, at under $1 a day, that's not saying too much.

It used to be Mexico had all the jobs. Then they got "capitalistic" and wanted more. Then jobs went elsewhere. India started the same way, so many of the manual labor jobs went to China. And now parts of China are showing similar tenancies. Brazil next?

Fun stuff.
Only expectation matters . . .
  • #265,663
  • Jul 1, 2010 1:08am Jul 1, 2010 1:08am
Quoting Jay Walker
Maybe the German elections?

http://www.google.com/search?oe=utf-...N&hl=en&tab=wn
The world always gets nervous when the Germans elect a new leadership.
Only expectation matters . . .
  • #265,664
  • Jul 1, 2010 1:11am Jul 1, 2010 1:11am
Quoting 4xmaker
Okay, that is very good point. I used to worry about that and take that into consideration and thought, geesh, doesn't that mean they built a banana economy?


Well, the Chinese did address the issue by building more and more "public housing" that is affordable and everywhere (started around the early 2000's). Though these houses obviously cannot be as nicely built as the more expensive private housing, the low price and/or low rent can let people move in and not suffer the sleeping under bridges problem.

Its kinda like a man from rural...


Actually, the "public housing" is difficult for poor people to get in reality.
  • #265,665
  • Jul 1, 2010 1:12am Jul 1, 2010 1:12am
Quoting RebelRed
The world always gets nervous when the Germans elect a new leadership.
I bet.
Not all sins are created equal
  • #265,666
  • Jul 1, 2010 1:13am Jul 1, 2010 1:13am
German Dax Index is already minus 1.5% down. I guess this would put some more pressure on E/U when markets in Germany open in 45 minutes
  • #265,667
  • Jul 1, 2010 1:13am Jul 1, 2010 1:13am
Quoting SharnHoiste
Actually, the "public housing" is difficult for poor people to get in reality.

Exactly, you are right, China has a problem of corruption as well. That is why there are mass competition to try to get into those houses. Thank you for adding that. This also adds another layer of complexity to why the housing prices are skyrocketing.

I will explain the reasons behind why the housing are getting so expensive in the next few posts.
  • #265,668
  • Jul 1, 2010 1:14am Jul 1, 2010 1:14am
Quoting 4xmaker
Okay, ...
while i'm enjoying this immensely, i'm even more thrilled to see that you have no typo's in your posts....

well done...

btw... gator gets a pass cuz he can't spell and doesn't have time to use spell check cuz he's a helluva trader...

i'm happy to decipher whatever he posts...
FUBAR...
  • #265,669
  • Jul 1, 2010 1:16am Jul 1, 2010 1:16am
Quoting T.E.Lawrence
Anyone trades cable now? Trend line broken, pullback rejected, again below 1.5000.

Attachment

What more do you need?
I thought PA would move faster and further down, but anyway, it was neat and profitable setup.
  • #265,670
  • Jul 1, 2010 1:18am Jul 1, 2010 1:18am
5m LTL respected to da pip... so far.
FUBAR...
  • #265,671
  • Jul 1, 2010 1:19am Jul 1, 2010 1:19am
Quoting ak4x
while i'm enjoying this immensely, i'm even more thrilled to see that you have no typo's in your posts....
People like that are few and far between
Not all sins are created equal
  • #265,672
  • Jul 1, 2010 1:20am Jul 1, 2010 1:20am
Quoting ak4x
while i'm enjoying this immensely, i'm even more thrilled to see that you have no typo's in your posts....

well done...

btw... gator gets a pass cuz he can't spell and doesn't have time to use spell check cuz he's a helluva trader...

i'm happy to decipher whatever he posts...
say what you want. i still aint sleeping with ya.
those who can, do. those who cant, talk about those who can
  • #265,673
  • Jul 1, 2010 1:22am Jul 1, 2010 1:22am
Since some people may be thinking it watching the charts, let me introduce to you the most blasphemous post of the week.

Jesus Tapdancing Christ.

Attached Image
Not all sins are created equal
  • #265,674
  • Jul 1, 2010 1:23am Jul 1, 2010 1:23am
Quoting Jay Walker
There was no sign of crisis before the proverbial hit the fan in the U.S. either. Well, in the mainstream media anyways.

Not saying you're wrong, just saying that not seeing any sign isn't an indicator.
US bonds had an inverted yield curve starting in jan 06
  • #265,675
  • Jul 1, 2010 1:27am Jul 1, 2010 1:27am
Quoting ak4x
while i'm enjoying this immensely, i'm even more thrilled to see that you have no typo's in your posts....

well done...

btw... gator gets a pass cuz he can't spell and doesn't have time to use spell check cuz he's a helluva trader...

i'm happy to decipher whatever he posts...
Yea, I've been following Gator's post for awhile, Some seriously good $hit.

okay,

As I promised, I will explain the problem of apparent housing "bubble."

To start off I have to explain the differences of China that I have been talking about.

LAND is owned by the Government, and I think if you do buy a house/apartment/real estate, etc, you will only have the right to lease it for 70 years even though you had purchased it.

(I'm trying to explain this to people who know nothing about China's real estate, I don't really know how much the audience knows yet.)

LAND is typically auctioned off like the traditional way of government selling land.

However, the Chinese economy has a LOT of state-owned business that are gigantic! If you think GM, or AIG were bought by the USA was big deal, China's State-owned business are Ridiculously big, and there are many to count....... ( a classic socialism carry-over from 80s, and can partly explain the "destiny" problem Gator voiced earlier.) These business are party controlled, and listens to the central government's policies and reacts accordingly.

Alright, lets digest these first and will need more popcorn for the following posts. Please respond if you find this interesting.
  • #265,676
  • Jul 1, 2010 1:28am Jul 1, 2010 1:28am
Quoting sidhujag
US bonds had an inverted yield curve starting in jan 06
Yes but as I said, it wasn't mentioned in the mainstream media but swept under the rug. Anyone who had the audacity of saying that a crash was coming up was just laughed out of the joint.
Not all sins are created equal
  • #265,677
  • Jul 1, 2010 1:30am Jul 1, 2010 1:30am
Quoting Jay Walker
Maybe the German elections?

http://www.google.com/search?oe=utf-...N&hl=en&tab=wn
Maybe, we have a winner http://www.bloomberg.com/news/2010-0...ird-round.html
  • #265,678
  • Jul 1, 2010 1:34am Jul 1, 2010 1:34am
Quoting 4xmaker
However, the Chinese economy has a LOT of state-owned business that are gigantic! If you think GM, or AIG were bought by the USA was big deal, China's State-owned business are Ridiculously big, and there are many to count....... ( a classic socialism carry-over from 80s, and can partly explain the "destiny" problem Gator voiced earlier.) These business are party controlled, and listens to the central government's policies and reacts accordingly.
Huge indeed and that will hurt them in the long run.

A company should rise and fall on it's own merit. Under the Chinese system, it's a lot harder to fall since you get propped up.

If all their industries encountered difficulties at the same time, it would be a disaster.
Not all sins are created equal
  • #265,679
  • Jul 1, 2010 1:35am Jul 1, 2010 1:35am
Ill be waiting for the breakout. Notice the yellow line. I wont go long below the line. Watch the TLS also. The channel is bearish.

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  • #265,680
  • Jul 1, 2010 1:36am Jul 1, 2010 1:36am
Quoting kandarv
Maybe, we have a winner http://www.bloomberg.com/news/2010-0...ird-round.html
I'm surprised actually. I thought the Germans were still upset over Merkel bailing out Greece.

Her loss would have been good for the bears.
Not all sins are created equal
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