And of course OnlyFans, gambling, marijuana, etc.
I noticed a coincidence between marijuana legalization and diplomatic unhinging. Coincidence?
Chinese Economics Thread
- Thread starter Norfolk
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I noticed a coincidence between marijuana legalization and diplomatic unhinging. Coincidence?
The bullshit demographics argument doesn't really work with China. A developing country like China needs to growth much faster on a per capita basis even if the overall pace of population growth has slowed down.
And population growth rate slows down for EVERY country or region that advanced economically -- Japan, South Korea, Hong Kong, RoC and the entire West. If your population continues to grow fast then your economy is not developing quickly. Low birthrates is a feature of a developed economy. You want high birthrates? Then stay as poor as you can for as long as you can.
And population growth rate slows down for EVERY country or region that advanced economically -- Japan, South Korea, Hong Kong, RoC and the entire West. If your population continues to grow fast then your economy is not developing quickly. Low birthrates is a feature of a developed economy. You want high birthrates? Then stay as poor as you can for as long as you can.
Official PMIs released:
OK-ish. 3.6 roentgens.
OTOH commodities are on a tear:
OK-ish. 3.6 roentgens.
OTOH commodities are on a tear:
Although I do not disagree with that, I think I just stick to the old definition that I remember reading. Because, I actually did forget what the E stood for, and in one of Prof Hudson's article's he stated that was real estate, which made perfect sense to me.
FIRE is not about GDP numbers, this is personal, for rich people, such what are they going to invest in?
F is for finance which means asset classes like stocks and bonds.
I is for insurance, which is two things for rich people, as someone told me in the past, 1) the life insurance policy you keep paying into it and by law there has to be some rate of return IIRC, then their estate gets a bigger payout later, and 2) it is a way to pass on inheritance money.
RE is for real estate.
Notice that all three, are personal investment choices. They can do whatever they want, put their money in investments that best suits them.
Now if E stands for entertain, it surely could, it is not something we invest in, because that entertainment business probably covered in F which is finance, stock and bonds, and we can buy shares of some sports teams, like the Toronto Maple Leafs. For what that is worth.
The Leafs. Losers.
For what it's worth I have never heard Entertainment for E. It's always been RE for real estate. Articles since 2005 have it that way. Never seen one even recently mentioning entertainment.
broadsword
Brigadier
According to Investopedia
Stock exchange is back
Another great thread from Glenn
Halfway, he presents the 'new LKQ index'
(US GDP and GDP per Capita is so high because it's calculated in dollar and the high currency exchange value of the dollar, which it really doesn't do deserve nowadays, although things are changing).
Halfway, he presents the 'new LKQ index'
(US GDP and GDP per Capita is so high because it's calculated in dollar and the high currency exchange value of the dollar, which it really doesn't do deserve nowadays, although things are changing).
This is coming from pretty mild support in policy changes unlike the $Trillions (literally) that the US plowed in with Quantitative Easing during their RE unwinding in 2008.
Pretty much every cylinder is firing with the transition from RE to R&D/High value manufacturing.