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siegecrossbow

General
Staff member
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China can do debt consolidation for most of its debt without an issue. America can't do it for the foreign debt and doing it for the domestic debt would be difficult too.

Foreign debt is actually not that high percentage wise. My stats could be off but I think US civilians and corporations hold like 80 percent of the debt.
 

Sardaukar20

Captain
Registered Member

Something about food: Chinese restaurants urgently need robots. And dishwashers.

Analysis: Asian Food Winning Over America​

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| JUNE 9, 2023

New research illustrates the palate Americans have developed for Asian food over the years.

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found that nearly three-quarters of all U.S. counties (73%) now have at least one Asian restaurant of some kind.

“Traditional gastronomy has gone beyond borders and found its place in America in the form of Asian fusion cuisine,” said Michael Ashley Schulman, partner and chief investment officer with Running Point Capital Advisors.

Twelve percent of all restaurants in America serve Asian food, Pew noted. Nearly four-in-ten Asian restaurants serve Chinese cuisine.

Chinese restaurants are found in every U.S. state, as are Japanese and Thai establishments, despite the relatively small percentage of the U.S. population for whom those nationalities account. Chinese Americans account for roughly a quarter of Asians living in the U.S.; Japanese Americans comprise 7% of the U.S. Asian population. Just 2% of Asian Americans are Thai.

The first sushi restaurant in America opened barely 50 years ago, but today sushi is widely available from New York to California.

“We’ve come a long way from 1991 when, in an episode of The Simpsons titled ‘One Fish, Two Fish, Blowfish, Blue Fish,’ Lisa pleads with Homer to try a new sushi restaurant,” Schulman told The Food Institute.

Asian cuisine has been especially embraced by young American consumers, said Adnan Durrani, CEO of food manufacturer Saffron Road, which has seen a growth rate of around 200% in recent years in its Asian offerings.

“In terms of authenticity, Thai and Korean index highest with Millennials and Gen Z,” Durrani said, “since they love to travel and love adventure in their food choices. Thai food specifically has wonderfully exotic notes of green curries and rice noodles, whereas Korean offers up very ethnic and robustly flavorful and sweet notes that a younger consumer is attracted to.”

Of the
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in the U.S., here’s a look at the type of food they mainly serve, according to Pew’s findings:

  • Chinese 39%
  • Japanese 28%
  • Thai 11%
  • Indian 7%
  • Vietnamese 7%
  • Korean 6%
  • Filipino 1%
  • Pakistani 1%
  • Mongolian <1%
  • Burmese <1%


Like the Asian American population itself, Asian restaurants in the U.S. are heavily concentrated in a few states. More than half of Asian Americans (55%) live in five states: New York, California, Texas, New Jersey, and Washington. And, just under half of all Asian restaurants – 45% – are in that handful of states.

“Asian fusion restaurants have become must-visit destinations in almost every city,” Schulman said. “As more people embrace a plant-forward lifestyle, Asian cuisine – with its frequent emphasis on vegetables and noodles – may find increased favor. Also, Asian food lends itself well to the rise of the ‘bowl culture,’ i.e. eating mixed food from a bowl.”
That's interesting. Asian cooking is getting the recognition it deserves in America.

The funny thing about Western vs Asian cooking is that you can find many Asians who can cook Western cuisine to the highest standards. But it is exceedingly rare for Westerners to cook Asian dishes to the highest standards. We can find the odd Western sushi chefs here and there, but practically zero masters for Chinese cooking. We won't find any Western chef who have mastered preparing Dim sum, Chinese noodles, or Peking duck.

Gordon Ramsay took the challenge of trying to prepare Lamian, Dimsum, and Cheong fun, and he struggled like hell. Wrapping a Dim sum is nothing like wrapping a ravioli. Pulling a Lamian is vastly more challenging than rolling out pasta. And the prices they charge for their meals are relatively affordable compared to fine Western cuisine. So Gordon has a special respect for Chinese chefs.

I think the knowledge of Western cooking more accessible because they are taught in academies. But for Chinese cooking, the essential knowledge is still being passed down in families, or from master to apprentice. I personally don't mind it the way it is. Unlike fine China, tea, and kung-fu, fine Chinese cooking still remains a secret from the Westerners.
 
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siegecrossbow

General
Staff member
Super Moderator
That's interesting. Asian cooking is getting the recognition it deserves in America.

The funny thing about Western vs Asian cooking is that you can find many Asians who can cook Western cuisine to the highest standards. But it is exceedingly rare for Westerners to cook Asian dishes to the highest standards. We can find the odd Western sushi chefs here and there, but practically zero masters for Chinese cooking. We won't find any Western chef who have mastered preparing Dim sum, Chinese noodles, or Peking duck.

Gordon Ramsay took the challenge of trying to prepare Lamian, Dimsum, and Cheong fun, and he struggled like hell. Wrapping a Dim sum is nothing like wrapping a ravioli. Pulling a Lamian is vastly more challenging than rolling out pasta. And the prices they charge for their meals are relatively affordable compared to fine Western cuisine. So Gordon has a special respect for Chinese chefs.

I think the knowledge of Western cooking more accessible because they are taught in academies. But for Chinese cooking, the essential knowledge is still being passed down in families, or from master to apprentice. I still kinda like it the way it is. Unlike fine China, tea, and kung-fu, fine Chinese cooking still remains a secret from the Westerners.

Chinese cooking is traditionally not as precise as Western cooking and the amount of salt/other condiments or how long something could be cooked is often decided on a whim based on the chef’s experience. That, coupled with stigma against Chinese incorporating “taboo” ingredients in the dishes, probably limited its influence.
 

chgough34

Junior Member
Registered Member
Foreign debt is actually not that high percentage wise. My stats could be off but I think US civilians and corporations hold like 80 percent of the debt.
~2/3rds of the “debt held by the public” is owned by US investors but it’s even higher when you consider the “intergovernmental transfers” part of the debt where it’s owned by agencies like social security and medicare

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Sardaukar20

Captain
Registered Member
Chinese cooking is traditionally not as precise as Western cooking and the amount of salt/other condiments or how long something could be cooked is often decided on a whim based on the chef’s experience. That, coupled with stigma against Chinese incorporating “taboo” ingredients in the dishes, probably limited its influence.
Yes exactly. Western cooking is science, while Chinese cooking is art. Both are good in their own way. But it makes Chinese cooking that much harder to learn from the outside.

That "taboo" ingredient thing. It's up to people to accept it or not. When the Japanese first introduced sashimi, it was taboo too. But somehow more people have grown to accept it. It'll still be harder for them to accept Chinese "taboo" ingredients anytime soon though, because of the entrenched racism and politics.
 

Index

Junior Member
Registered Member
Yes exactly. Western cooking is science, while Chinese cooking is art. Both are good in their own way. But it makes Chinese cooking that much harder to learn from the outside.

That "taboo" ingredient thing. It's up to people to accept it or not. When the Japanese first introduced sashimi, it was taboo too. But somehow more people have grown to accept it. It'll still be harder for them to accept Chinese "taboo" ingredients anytime soon though, because of the entrenched racism and politics.
Japan already did the breakthrough then in raw meat/seafood for China though. Mainstream Han Chinese kitchen doesn't really have anything more controversial than that.

I mean there's a lot of fermented stuff but it adds good flavor and is only "taboo" (from the perspective of anglos eating unseasoned pink slime and cheese product) if you know exactly how it was made and how it sat away in some vase. Once added to dishes, it's generally well hidden, so it's not even something as visceral as moldy cheese. It's our siblings in SEA that work with some stranger stuff.

I agree that Chinese cooking is not so institutionalized and probably this is a good thing, it may encourage more diversity when people are trained as apprentices rather than a whole class. And I think the strength about Chinese kitchen is how diverse it is.
 

proelite

Junior Member
China’s fiscal trajectory is far more unsustainable than the U.S.’ fiscal trajectory


the interest payments especially are a soon to be moot point since rate cuts are coming and the main drivers of debt - social security and Medicare, are of limited macroeconomic importance (it will just require a headline grabbing event to make Congress move)
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