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  • The EU, China Offer Case Study Warnings For Green Economy Stocks [View article]
    75%? 95% ? Hell if the scientists have 10% chance to be right, considering the long lead time to prepare for the consequences, I'd support all the green energy initiatives today, hoping something will come out so that London, NYC, and Shanghai won't be underwater in the next centrury. Yes re-evaluation is needed, but not in 30 years because the temperature change in question is snow.
    Mar 22 02:41 AM | 1 Like Like |Link to Comment
  • China Economic Forecast 2014 - 2015: Rocky Growth [View article]
    The rest of the article is so well researched and written it makes one wonder how the author could mix Deng Xiaoping's name up with Zhou Enlai.
    Mar 13 05:50 AM | Likes Like |Link to Comment
  • China's Lending Bubble Could Now Lead To Zero GDP Growth [View article]
    I visited Yunnan, a remote province of China last month. I found many people were lending like there is no tomorrow -- like giving all their savings to borrowers who promises 20% annual return. These people have been doing it for some years and have indeed recieved high interest. It all seems terrible. Some Ponzi scheme players must be doing very well there, so far.

    Although I am very worried about these poeple I suspect there is another side of the story I don't see. That is private lending has been around for a far longer time than today's banks. Not until a decade or two ago, private borrowing from banks were unheard of. If someone needed money, they borrowed from friends and relatives. In many places if you want a few million quickly today, you don't go to the bank, you go to bisiness partners who understand your case. My point is that "shadow banking" has been there for a long time and has always been an important part in the financial ecosystem in China. It perhaps is the life blood of private sector which we all know the state-owned-banks don't like to lend to.

    I don't deny that state-own-bank perpetuated shadow banking is over doing it, or 20% return smacks scam, but I think people might be over reacting on the over-all shadow banking issue purely based on numbers found in the press. We need data to calibrate how big the healthy shadow banking is.
    Feb 27 04:38 AM | 1 Like Like |Link to Comment
  • Xi's Tinkering Risks China Hard Landing [View article]
    I have talked to normal people such as grandma in a small town and teacher in the capital city of remote provinces (Yunnan in this case). It seems that many people are lending all their savings out because they are promised to get 20% annual return. It is worrying. Chinese economy at ground level is extremely robust. But some hard times might be coming.
    Feb 27 03:46 AM | 1 Like Like |Link to Comment
  • China's New Peasant Revolution -- How It Is Boosting Food Production And Farm Incomes [View article]
    Good article. Thanks.
    Feb 15 10:44 AM | Likes Like |Link to Comment
  • BitChip The Bitcoin Killer - The Merchant's Solution To The Bitcoin Problem [View article]
    Well click the mouse and create your own coin at and see how your idea floats in the real world.
    Feb 6 06:25 AM | Likes Like |Link to Comment
  • BitChip The Bitcoin Killer - The Merchant's Solution To The Bitcoin Problem [View article]
    The core value of Bitcoin is the verifiable and uncorruptable ledger and usability to anyone with internet connection. Anonymity and hard cap are just two of the add-ons that can be taken off by the designer of a particular coin. The author doesn't appear to understand this yet has amazingly written such a long piece.
    Feb 5 09:36 AM | Likes Like |Link to Comment
  • China Syndrome: The Next Global Melt Down? [View article]
    Well the big pile debt of the local gov't is real. The economy has been less and less efficient. Overnight rate was 30% annualized last Friday. There is some real concern.
    Jan 20 09:06 AM | 1 Like Like |Link to Comment
  • How China Is Aiding U.S. Recovery [View article]
    There has been a sharp rise in RMB against USD since November. I remember the reason was that export figure from China to the US jumped. So it would be interesting to overlay US import from China on the same graph.
    I guess the upward movement is an indication of bi-directional trade (in both directions) between China and the US.
    Jan 16 11:23 PM | Likes Like |Link to Comment
  • Why I Bought One Bitcoin [View article]
    Arms race of mining equipment leads to centralization of bitcoin network. Peercoin avoid this by using "Proof of Stake" technology. Even all miners stop working the network will still chug along. Peercoin appears to be a more secure store of value. Check it out
    Jan 8 07:41 PM | Likes Like |Link to Comment
  • The FBI And The Legitimation Of The Bitcoinverse [View article]
    Comparing Bitcoin with Beanie Babies is odd.
    Oct 3 11:21 AM | 2 Likes Like |Link to Comment
  • The FBI And The Legitimation Of The Bitcoinverse [View article]
    The foundation technology of cryptocurrencies is so foundamental to our internetted life, if "all of a sudden trust was lost in bitcoin" then you really need to ask why -- the answer may mean something much bigger, e.g. the end of internet security as we know it. If the answer is that a better cryptocurreny is to replace bitcoin, then you might as well call the new coin bitcoin 2.0.
    Oct 3 11:18 AM | Likes Like |Link to Comment
  • On Human Fertility, Part 3 [View article]
    Stop shooting yourself in your feet, weissman33. Stick to your supply vs. demand theory. Don't claim "Europe and their children (America, Canada, Australia, etc) have a much higher regard for human life than the Asian nations". In your theory Europe and their children (America, Canada, Australia, etc) don't have a higher regard for human life if the human life inquestion is over supplied or, even worse, happen to be living across the frontier, in which case, gas bombs and A-bombs are all OK to use becuase any human there are "enemy" as in "enemy combatant", including women children and whoever happen to present.
    Sep 23 04:41 AM | 1 Like Like |Link to Comment
  • The Urbanization Fallacy [View article]
    China is 50% urbanized. You read that in many places. What it means is that 50% of Chinese populaiton live in the city. About 40% of these are migrant workers who are not provided service offered by the city they live in.
    A large part of the urbanization push is to make infrastructure that can serve this population. Another large part of the urbanization plan is providing infrastructure upgrade large villages to "towns".

    Both of the above aspects of urbanization do not move people. Both increase productivity.

    That said I do think the local governments have a strong urge to take the short cut -- build towns from scrarch and force people to move in.
    Aug 20 11:15 AM | 3 Likes Like |Link to Comment
  • How The World Benefits From Chinese Piracy [View article]

    Your son's argument becomes more natural when the "haves" enjoy more advantages over the "have-nots". If the play ground is not level, one side would feel cheated and want to get it back. Your argument to him should be that by using cheap pirate software, demand on service and local alternative software diminishes. Chinese software companies don't have a chance to compete. For example WPS is a Chinese office software that never caught on because everyone can pay 10Yuan and get a face MS office. One billlion Chinese couldn't produce a Bill Gates because of that.
    Jul 6 03:21 AM | Likes Like |Link to Comment