Miscellaneous News

chgough34

Junior Member
Registered Member
Intel Ireland is a subsidiary of a US company.

Then can China take credit for Microsoft Beijing, Airbus Tianjin, Tesla Shanghai, Intel Dalian? Rofl.
We were referencing exports, so yes, of course. FDI being good is universally applicable. The EV export cheerleading from a while back was in large part, because of Tesla in Shanghai.
 

supersnoop

Major
Registered Member
Or, and I know this is shocking, the mods can do their goddamn jobs and ban this guy. This is clearly another Sleepy Alt. There was a Sleepy Rule created JUST for this sort of instance, and yet for whatever reason, the mods won't use it on this guy's ass. He's clearly being protected on some level by the mods. I have no idea why though.

Yes, at this point he violated the sleepy rule. Just trolling and mass posting. Clearly no longer in good faith because even the language has grown more inflammatory.
 

manqiangrexue

Brigadier
No, they aren’t. Households with over 100K are distributed widely and broadly across the US
That sentence simply means that they exist everywhere. It has nothing to do with density, which will show the majority of them in places with high cost of living.
US net international migration is net positive, including of investors and skilled professionals.

what’s particularly revealing is that during America’s industrialization - wealthy American businessmen were not all scrambling for the exits, looking to buy British property and German stocks; yet wealthy Chinese businessmen of all stripes and even upper-middle class Chinese families are all scrambling for foreign greencards, foreign real estate, foreign equities, and scrambling to migrate
What an idiot thing to say. The American industrial revolution happened during a time when there was almost no globalization compared to now. Where would they go, back to small grubby England with suitcases of American money?
If China was actually on the technological frontier, it should be able to export every manufactured HS line also exported in at least the Euro Area
I may not know exactly what you are trying to say due to your grammatical errors but I know it's stupid and wrong.
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"In 2022, the top exporters of Railway and trams were
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($9.83B),
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($3.41B),
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($3.35B),
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($1.91B), and
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($1.84B)."
When 25 percent of the images in the grids were of Black people, white participants estimated the proportion of Black faces to be 43.22 percent, and Black participants put it at 43.36 percent. When 45 percent of the images were of Black faces, white participants estimated the proportion of Black people at 58.85 percent, and Black participants thought it was 56.18 percent.
Problem: your survey was done on stupid people. From your source:
"Residents of New York City, for example, are a tiny minority of Americans, only 3 percent of the population. But adult respondents to this nationwide survey thought that a whopping 30 percent of Americans live in the Big Apple."

Another problem: Your whole point is meaningless. Stats are used for discussion here. What are you trying to say about minorities?
Nope. The U.S. is a large exporter of autos and pharmaceuticals so it doesn’t disprove anything. Instead - trade in complementary products is done because with capital intensive industries - like pharmaceuticals and vehicles, there are increasing returns to scale, that is, amortizing a larger number of unit production means you reduce the average cost of production due to high fixed costs. Trade thus makes the market size larger for all products - especially so for those items since you can only sell so much in one market, and what’s even better, you get more consumer choice with trade. More types of vehicles, more types of pharmaceuticals, etc: all at lower prices absent trade
That's why China's the largest manufacturer and exporter of all goods combined.
No: just that only 1/6th of the country lives in New York and California. Even assuming that for the median upper-middle income household, those states are “high cost of living” (let’s pretend they didn’t buy their house decades ago and are paying back a fixed rate mortgage)
I think you missed a LOT of other states. You have 50.
No. It’s that the combined populations are lower.
Than what? That is literally not an answer to a mathematical challenge.
Nope. The U.S. has the world’s best enforcement of anti-money laundering/know your customer laws.
LOLOL Know your bullshit and your enforcement levels. The US actually allows ads like, "Protect your investment in private offshore accounts. Don't let the government get in your pockets. $400K starting value." Never ever seen an ad close to that in China before.
The “actual functioning economy” is the tons of software publishers and manufacturers that employ EB-2 greencard holders and the various industrial sites with EB-5 greencard holders.
So basically you're screwed and dependent on mercenaries, people known to sell everything for the highest tender.
If Chinese businesspeople, the people that gained the most out of China’s boom, aren’t confident of its sustainability, then who reasonably can be?
Those who watch China's long term trends. Caveat, they need to be capable of reading charts, which explains why you're not one of them.
Firms chased comparative advantage. So this isn’t different.
Guess that means you're not competitive.
They are trying to flight their assets out of China.
And yet, China's assets keep growing at the fastest pace of any major economy. Swiss bank accounts were made famous by the West for oligarchs getting thier assets out of the country. Western countries talking about Chinese asset flight cast stones from a glass house. We took our starter pack from you guys trying to get rich here.
 
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manqiangrexue

Brigadier
Protectionism doesn’t ban EU exporters from exporting. China’s lack of firms that export in complementary product categories is evidence of China’s industrial impotence.
Protectionism bans EU importers from importing from China, idiot. How do you come up here and say stupid shit like this and then pretend to be able to do economic analysis with a straight face??
The fact that the “evidence” China is on the technological frontier means talking to death the same exceptions over and over again. - 5G, HSR, EVs, and green energy - ends up proving the case.
Those aren't exceptions; those are some of the largest most visible examples.
If China was actually on the frontier, the chat would be about cases where China is not on the frontier.
They actually just did. Pretty much it's just commercial jet engines against the US/Rolls Royce and EUV against the Dutch. Those are the 2 exceptions.
The exception is the case where China is on the frontier.
I counted 4 where China leads (I could add to that list but I'll keep it there since we're analyzing what's said, 2 where it needs to catch up, 1 iffy area, so you count the 4 as exceptions? LOL That's ok, I know math isn't your thing.
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Massive deflation in China due to the over-financialization in China with a severely underdeveloped financial sector and money-centered politics. Instead of finance serving its proper role in facilitating corporate investment, it went to chase speculative unproductive investment in residential real estate (instead of being channeled in debt/equity markets to fund corporate capital structures); yet China did nothing to block these developments, for fear of upsetting the suburban Karen’s of Yangzhou who would’ve lost money.

Now that the real estate bubble has popped; there is no other place to channel household savings other than to deposits at insolvent banks paying no interest, and this has caused a complete collapse in consumer confidence and they are doing hordes of precautionary savings, thus simulatojslt causing more deflation and severe declines in corporate investment, and declining wages., causing the deflationary spiral to continue.

what’s more - it’s clearly feeding into growth, China’s growth at 4% in 2Q24 has made China’s growth positively Latin American/Japanese and what’s even more surprising - multiple US states are growing faster than China. Heck, even Texas, with a gdppc well above the U.S. is growing substantially faster than China
Oops, then China keeps outgrowing y'all and you gotta come up with another piece of bullshit like this one in a few years, which sounds like the same shit they were saying about China's unstoppable hard landing and bubble bursting. Western economists study their whole lives to write such things, and then when they are wrong, they write such things again, just to try to convince the world through language rather than actual results that they are classy and worth thier education when the truth is that no matter what you sound like, when you are consistently wrong, your education and your life efforts are worth less than the job skills learned from working a fryer or grill.
Correct but flip to page 2 of the Industrial Organization textbook: when firms get large enough, there are diseconomies of scale and comparative advantages have increasing marginal costs. Thus for large population economies like the U.S. & EU, even with comparative advantages and open trade/investment, they have market presence in every NAICS and HS market segment. China’s lack of presence there is due to impotence.
It's due to these 2 jerking each other off since WWII. China always makes the best goods at unbeatable prices, which require protectionist measures against lest they decimate every aspect of every Western country. You've spent your entire argument on the dumbass circular logic of, "I ban you from competing in my economy (because you are too competitive you'd kill the local industry). And I conclude from your absense here that you are naturally not competitive."
Intel was on the technological frontier until 2018-ish when tsmc came out with 7nm. That the U.S. is generally on the technological frontier means there are of course, exceptions.
If you don't consider Intel today to be on that frontier simply because they are not leading, then there would be so many areas where the US is not doing better than Intel that it would most likely not be on the frontier in a general sense. But rather, if you count Intel as on the frontier due to its large presense and somewhat high standing compared to the global average in chip manufacturing, then the US could be said to generally be on the frontier. Of course there is nothing to compete with a China that will command every aspect from making the lithographs to delivering the chips, but you don't have to rival the hands down best to be generally on the frontier.
The standard is substantial market presence and any exporter is inherently competitive (foreigners have no obligation to buy anything). That China can’t duplicate even half of euro area exports indicates that China is far from the technological frontier
1. Where do you get your 50% from?
2. Everytime the West plays the, "You can't duplicate this so we'll ban it" card, it gets broken and China makes it. Still haven't learned to keep your mouth shut, have you?
(and is what other evidence points to as well - low GDPPCs
Developing country, duh. Already eating the lunches of the G7. A kid bigger than your adults.
and F500 firms from China mostly being smokestack SOEs)
SOEs serve the people. Your private corporations rob and enslave the people.
Yes. People need to dig really deep to find products that don’t have complementarities. And this is the EU, not even the U.S. (with substantially more technical complexity and product lines).
Prove it. Prove the 50% both ways. Nobody else makes these claims. And if you can duplicate these things, try to do it. God knows you don't buy from China to support our businesses. So far, the only direction this has been going is China exporting more and more high tech abroad and Chinese tech firms taking more and more market share at home.
 
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supersnoop

Major
Registered Member
What? Name 1 European FinFET or display fab.

I'll get started with 2 of China's: SMIC and BOE.

I think Display tech has totally bypassed the west almost completely. First gen LCD was dominated by Japanese companies up to 6th gen LTPS.

Now it is dominated by Chinese (incl. Taiwan) and LG.

Never heard of any European or American firms.
 

manqiangrexue

Brigadier
Facts would indicate otherwise.

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Most distributed in high cost of living states. Why you gotta lie ?
Oh snap, look at that map! We have DC leading the pack when DC literally produces nothing except rotten lawyers and dirty politicians! That shows American priorities and values.
Yes, at this point he violated the sleepy rule. Just trolling and mass posting. Clearly no longer in good faith because even the language has grown more inflammatory.
No, he has learned from getting his accounts banned several times just how stupid he can get before being made to go away so he has actually toned down the stupid by a lot since he first came to the forum several usernames ago. He used to write things like, "The US will rule the world for now and until the sun burns out and the end of time and everything ceases to exist." Being stupid and wrong to a certain point is not against the rules and the mods are happy to come down on him but he's staying alive straddling that line. We're honestly nastier and more inflammatory than him but that's just because the combination of America's comparative decline and his child-level debate skills leaves so many targets open and China's superior performance provides so much ammo for us.
 

MortyandRick

Senior Member
Registered Member
No: just that only 1/6th of the country lives in New York and California. Even assuming that for the median upper-middle income household, those states are “high cost of living” (let’s pretend they didn’t buy their house decades ago and are paying back a fixed rate mortgage)
Correct, and that's still higher than Mississippi and the south lower income and cost of living states as a whole.

No. It’s that the combined populations are lower.
No it's not. High cost of living states have larger population in California, New York, DC, Massachusetts, etc. Compared to low cost of living states. So their 40% of household income over 100k doesn't mean a good life.
 

MortyandRick

Senior Member
Registered Member
Nope. The U.S. is a large exporter of autos and pharmaceuticals so it doesn’t disprove anything. Instead - trade in complementary products is done because with capital intensive industries - like pharmaceuticals and vehicles, there are increasing returns to scale, that is, amortizing a larger number of unit production means you reduce the average cost of production due to high fixed costs. Trade thus makes the market size larger for all products - especially so for those items since you can only sell so much in one market, and what’s even better, you get more consumer choice with trade. More types of vehicles, more types of pharmaceuticals, etc: all at lower prices absent trade
China exports more autos than the US. So US is undoubtedly behind.

US isn't even competitive in their home market anymore and the fact that you import more cars form the EU than vice versa indicates it's technologically behind.
 
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