China's Economy Surpasses Japan

[Doug1ca]

This was bound to happen eventually. China's economy (in terms of GDP) has reached the $5 trillion mark making them number two behind the US.

Another decade and China will overtake the US economy and become number 1.

http://www.bloomberg.com/news/2010-...second-quarter-capping-three-decade-rise.html

Me thinks its time to talk to my investment adviser.

 

[hinz]

LOL, good news for the white SPs/MPAs who are getting more businesses from those noveau riche mainland Chinese men willing to spend big (counting and tossing piles of freshly minted bills on them).

And hopefully that should decrease the number of times they complain to get short changed, like the following,

https://terb.cc/vbulletin/showthrea...hite-women-like-black-men-more-than-asian-men

 

[zardoz]

The other side of the coin is that when consumerism in China reaches the level in the US, it would be the worst environmental disaster in history of man kind. With so many people producing so much waste and carbon emissions, we are on a path to big disasters. Everyone should be more frugal, stop making so many things and spending so many things, so uncessary, all in the name of economy, and destroying the planet!

 

[hinz]

The other side of the coin is that when consumerism in China reaches the level in the US, it would be the worst environmental disaster in history of man kind. With so many people producing so much waste and carbon emissions, we are on a path to big disasters. Everyone should be more frugal, stop making so many things and spending so many things, so uncessary, all in the name of economy, and destroying the planet!

All true.

Having said that, how are you going to stop them to feel they are entitled to live their lives big/over the top like the North Americans?

Even the ladies over there are picking up the funny sh*ts like many has-been white Ladies are falling prey to and then some.

 

[Aardvark154]

Still not good news for either Canada or the U.S.A. in either the medium or short terms.

 

[Malibook]

Japan's people still are among the world's richest, with a per capita income of $37,800 last year, compared with China's $3,600. So are Americans at $42,240, their economy still by far the world's biggest.

A more serious concern for communist leaders is China's income per person, which the World Bank said ranked 124th in the world last year -- more on a par with impoverished nations like Angola, Tunisia and El Salvador than Japan, which ranked 32nd, or the U.S., ranked 17th.

http://finance.yahoo.com/news/China...3.html?x=0&sec=topStories&pos=2&asset=&ccode=

 

[WoodPeckr]

Still not good news for either Canada or the U.S.A. in either the medium or short terms.

Bodes even worse in the long term....

 

[hinz]

Me thinks its time to talk to my investment adviser.

That's a signal to cash in the profit/take some of the money off the table from China.

Or if you want to be brave, start to sell short TSX /ASX or Lonnie/Aussie dollar to bet the bubbles in China are going to be burst big time.

 

[hinz]

Bodes even worse in the long term....

Feel free to join the "winners" over there by simply jumping ships.

 

[zardoz]

All true.

Having said that, how are you going to stop them to feel they are entitled to live their lives big/over the top like the North Americans?

Even the ladies over there are picking up the funny sh*ts like many has-been white Ladies are falling prey to and then some.

Maybe we should change our way of life. Buying bigger TVs, selling more cars, standing in line to get the latest smart phones are not going to help survivals of humanity in long run. Food, clean water, shelter, basic clothing, medicine etc.. once we have enough of the basic necessities of life, all efforts should be devoted to medical research - so we can fight future super bugs, space technology - so we can colonize other worlds when earth's resource is depleted. What's the point of spending so much on R&D and marketing on a new energy drink or iphone? total waste of resources.

 

[hinz]

Maybe we should change our way of life. Buying bigger TVs, selling more cars, standing in line to get the latest smart phones are not going to help survivals of humanity in long run.

True, but the mainland Chinese are simply "hungry" for everything since mid 70s, good or bad and they will do anything less than moral to get ahead.

They see the Americans as benchmark/the gold standard for "good life", whatever that is. They are committed/have big conviction to be over the top and beat the Americans on the latter own games.

That would spell doom to the rest of the world since the Americans and the Chinese are locked on an arms race to outspend resources, while the Indians are catching up fast.

Food, clean water, shelter, basic clothing, medicine etc.. once we have enough of the basic necessities of life, all efforts should be devoted to medical research - so we can fight future super bugs, space technology - so we can colonize other worlds when earth's resource is depleted.

Not in my lifetime and never fall into this kind of New Agey hype/green washing.

What's the point of spending so much on R&D and marketing on a new energy drink or iphone? total waste of resources.

LOL, those IPhone and Energy drink are just another type of porn for those fans/punters to get high.

Having said that, unlike the real porn, one needs to pay a premium to get those "stuffs" to get a fix.

 

[onthebottom]

Still not good news for either Canada or the U.S.A. in either the medium or short terms.

I disagree, more people with money who can buy our stuff.

OTB

 

[WoodPeckr]

I disagree, more people with money who can buy our stuff.

OTB

WHAT FARKING STUFF??????
The USA makes SQUAT now.....your boyz sent sent all the work offshore!.....

WTF asshat business school did you attend???

 

[someone]

Still not good news for either Canada or the U.S.A. in either the medium or short terms.

How do you come to that conclusion? It could maybe seen it as being bad for the U.S. if the U.S. and China engage in a wasteful arms race but that would be more of a long term thing. In terms of pure economics it is hard not to see it as a good thing.

 

[WoodPeckr]

Yeah right!!!!!!!!!!!!!

In terms of pure economics it is hard not to see it as a good thing.

Tell that to the unemployed in Kalifornia, Michigan, Florida, NY and all the other States going Bankrupt like dominoes from your glorious Ivory Tower BS! Where oh WHERE are all them farking GREAT JOBS YOU promised soooooo many farking years ago to replace all those good paying jobs you sent offshore??? We are STILL waiting for them!!!
Seems you need to take a course in Economics 101.....

 

[someone]

Tell that to the unemployed in Kalifornia, Michigan, Florida, NY and all the other States going Bankrupt like dominoes from your glorious Ivory Tower BS! Where oh WHERE are all them farking GREAT JOBS YOU promised soooooo many farking years ago to replace all those good paying jobs you sent offshore??? We are waiting for them!!!
Seems you need to take a course in Economics 101.....

Why do you insist on advertising your stupidity? I have already explained to you many times why only an idiot would make the posts you make but you seem love making a fool of yourself. To make things even funnier, at times you even post things by Krugman who has made a lot of money books explaining why people like you are idiots. Make him some more money by buying one of them. If you read it you will learn something and be too embarrassed to come back and make more posts.

 

[onthebottom]

Why do you insist on advertising your stupidity? I have already explained to you many times why only an idiot would make the posts you make but you seem love making a fool of yourself. To make things even funnier, at times you even post things by Krugman who has made a lot of money books explaining why people like you are idiots. Make him some more money by buying one of them. If you read it you will learn something and be too embarrassed to come back and make more posts.

If it were only that simple, your signature says it all.

OTB

 

[Aardvark154]

How do you come to that conclusion? It could maybe seen it as being bad for the U.S. if the U.S. and China engage in a wasteful arms race but that would be more of a long term thing. In terms of pure economics it is hard not to see it as a good thing.

A number of reasons but since Professor Peter Morici of the University of Maryland has already put many of them in print. I refer you to his works.

 

[WoodPeckr]

Why do you insist on advertising your stupidity? I have already explained to you many times why only an idiot would make the posts you make but you seem love making a fool of yourself. To make things even funnier, at times you even post things by Krugman who has made a lot of money books explaining why people like you are idiots. Make him some more money by buying one of them. If you read it you will learn something and be too embarrassed to come back and make more posts.

Again YOU obfuscate and avoid the question like your grasshopper student little bottie making you BOTH look like the true idiots!!!!!!!!!!!

You Globalist arse kissing Corporatists chirped from your Ivory Towers, about ALL THOSE NEW JOBS your policies were going to create many years ago. Well Prof and grasshopper, we are still waiting for them!!!!! When are they gonna get here. The USA is imploding from your Globalist pie in the sky crapola just like us and US Unions SAID WOULD HAPPEN!!!
The ONLY ONES who benefit are the upper 1-2%, while the once mighty Middle class VANISHES!!!!! All YOU did was redistribute wealth UPWARDS to the Rich who feel they alone are entitled to it!

Time to wake up and smell the coffee Prof!
It's SOOOOOO clear only a fool or an absentminded Professor couldn't see!!!!....

 

[WoodPeckr]

If it were only that simple, your signature says it all.

OTB

LOL!!!!!
Now go back under your boss' desk.
Your master beckons for your servicing....