Can Industrial Automation Solve China's Demographic Challenge [View article]
You and I actually completely agree on the data and facts. We just have different views. I take the macro, nation building view whereas I think you are being empathetic for the individual working man and their families who cannot keep up with the fast-paced, ever changing world.
Can Industrial Automation Solve China's Demographic Challenge [View article]
One word: Adapt
Manufacturing jobs will never be where it was 10, 20, or 50 years ago. There are plenty of jobs being created in the developing countries of the Asia Pacific in research, finance, tech, pharma, service, and much much more.
The Luddites never had it right as they were violently protesting about automation of the textile industry in the beginning of the 19th century. Imagine a world without automobiles, washing machines, computers, etc...
It's not a "race to the bottom" for all professions but only the low wage, unskilled laborers. Skilled professionals are getting paid significantly more in China, Dubai, HK and Singapore than they would be in the U.S..
Can Industrial Automation Solve China's Demographic Challenge [View article]
Henry Ford lived in a different time. In today's time, he would not be able to give blue collar factory workers the highest wages either.
I agree with your statement that we will have long term unemployment, but that is only due to the inflated education bubble that created all of these candidates for white collar jobs when there are not enough white collar positions. In China, there still are not enough blue collar factory workers.
There is always gaps in the market for job creation. People just have to have the desire, dedication, and pro economic policies to create them.
Rebound In China - Economic Growth Boosts Oil, Copper, And Gold Demand [View article]
Exactly, they don't realize how much ammunition the CBoC has and the overall strength of the economy. It's the social and environmental challenges that are most crucial.
Rebound In China - Economic Growth Boosts Oil, Copper, And Gold Demand [View article]
Maybe Jim Chanos, Hugh Hendry, and Gordon Chang will be right in 10 to 20 years from now. Gordon Chang said he was certain that 2012 would be year that China collapses.
James Kostohryz Positions For 2012: 100% Cash The Only Way To Play This Market [View article]
People bought houses at the highs in 2006 too. James is just early just like what a few people did back in 2004 about the housing market and were ridiculed for it.
I am 100% cash actually, but I run businesses and I'm not rich. I certainly wouldn't be 100% in cash if I had multi millions and more. I think James's advice is good unless you're depending on capital gains and dividends to make a living.
Heading to Myanmar in June for a week or two to visit my friend and his family. Jon, I would love to be able to tap into your network and meet some of the expat business people. I will meet the locals through my friend.
Chinese And American Demographics Contrasted [View article]
Very well stated, Meltdown. I agree with all of your statements above. Even for Mongolia, the difference in promiscuity compared to China is night and day. I don't think promiscuity is a bad thing, but less promiscuity does correlate to more stable families.
As for going abroad, yes, most go abroad to experience another world, gain expertise and education. Most of them actually have it in their mind to return to China, where they are very optimistic about the future in Asia.
The biggest setback and negative is the current pollution levels in China, especially Beijing. For someone like me who grew up in the West, once I have enough income, I would rather station my family in Singapore as opposed to China, where food supply and pollution are great concerns.
Chinese And American Demographics Contrasted [View article]
"My male friends here in coastal Zhejiang look for education first, personality second, and beauty farther down the list."
--- They are lying to you. There isn't a country in the world where men look for education first and looks last. Just because that's what they say does not make it true.
"They believe that many women in Shanghai don't want to marry since they have good careers. I don't know if this is true, or why this is (if it is true). The guys talk about it quite a bit."
--- They are completely wrong. These women with good careers just don't want to marry them, especially if they are physically attractive and have a lot of options.
"Most of the educated women that I work with do not want a foreign boyfriend. They do not want to leave China."... "Yet, as one lady said to me: "I would marry a foreign guy, but I do not want to leave China. My parents are here."
--- The above is very true.
"These women find it hard to believe that a foreign man might find them attractive prospects for marriage. Once they discover this, some are willing to mingle with foreigners."
--- They do more than just mingle. They just don't admit it to you.
"I don't know everything about China, but I do not get the 'escaping communism' comment. Today's Chinese that I know think the future is promising. Jobs are there and the pay is better than what their parents had."
--- Very true, but there are still a lot of Chinese who want to live and work abroad.
"I also think that today's China is not a promiscuous society."
--- It's becoming more and more promiscuous. Looks matter more and more for men now as women are less dependent on men to be the breadwinners.
Mongolia: Fast Growing Economy, Evolving Investment Climate [View article]
Thanks, Tony. Life away from the U.S. has its pros and cons. I miss the fresh air, great weather, open paved roads to drive in a convertible, the cheapest fresh fruits and vegetables, and more. All in all, the move to Asia has been well worth it. It's better to be a rugged free man than being a pampered indentured servant.
Mongolia: Fast Growing Economy, Evolving Investment Climate [View article]
"On the way to developing into a country with a stable and fast growing economy and stable political and environmental conditions, Mongolia has been undergoing drastic socio-economic changes."
On the way developing into...stable political and environmental conditions? Word on the street is that the majority of Mongolians feel that they don't need foreigners and can raise the investment money themselves.
The Japanese Yen Trade Is Exporting Inflation To China [View article]
China is showing signs of strong growth which is directly correlated with the strengthening of the Australian Dollar. Going long on the AUD/JPY and USD/JPY are both spectacular plays these days. There are more signs that the Japanese yen will continue to weaken over a basket of major currencies in the near term. If you know what you're doing and it's basically easy money.
Can Industrial Automation Solve China's Demographic Challenge [View article]
Can Industrial Automation Solve China's Demographic Challenge [View article]
Manufacturing jobs will never be where it was 10, 20, or 50 years ago. There are plenty of jobs being created in the developing countries of the Asia Pacific in research, finance, tech, pharma, service, and much much more.
The Luddites never had it right as they were violently protesting about automation of the textile industry in the beginning of the 19th century. Imagine a world without automobiles, washing machines, computers, etc...
It's not a "race to the bottom" for all professions but only the low wage, unskilled laborers. Skilled professionals are getting paid significantly more in China, Dubai, HK and Singapore than they would be in the U.S..
Can Industrial Automation Solve China's Demographic Challenge [View article]
I agree with your statement that we will have long term unemployment, but that is only due to the inflated education bubble that created all of these candidates for white collar jobs when there are not enough white collar positions. In China, there still are not enough blue collar factory workers.
There is always gaps in the market for job creation. People just have to have the desire, dedication, and pro economic policies to create them.
Rebound In China - Economic Growth Boosts Oil, Copper, And Gold Demand [View article]
Rebound In China - Economic Growth Boosts Oil, Copper, And Gold Demand [View article]
Myanmar Investing Blog [View instapost]
James Kostohryz Positions For 2012: 100% Cash The Only Way To Play This Market [View article]
I am 100% cash actually, but I run businesses and I'm not rich. I certainly wouldn't be 100% in cash if I had multi millions and more. I think James's advice is good unless you're depending on capital gains and dividends to make a living.
While Everybody Is 'Russian' For A Weak Currency, I Buy The Ruble [View article]
Myanmar Investing Blog [View instapost]
Chinese And American Demographics Contrasted [View article]
As for going abroad, yes, most go abroad to experience another world, gain expertise and education. Most of them actually have it in their mind to return to China, where they are very optimistic about the future in Asia.
The biggest setback and negative is the current pollution levels in China, especially Beijing. For someone like me who grew up in the West, once I have enough income, I would rather station my family in Singapore as opposed to China, where food supply and pollution are great concerns.
Chinese And American Demographics Contrasted [View article]
--- They are lying to you. There isn't a country in the world where men look for education first and looks last. Just because that's what they say does not make it true.
"They believe that many women in Shanghai don't want to marry since they have good careers. I don't know if this is true, or why this is (if it is true). The guys talk about it quite a bit."
--- They are completely wrong. These women with good careers just don't want to marry them, especially if they are physically attractive and have a lot of options.
"Most of the educated women that I work with do not want a foreign boyfriend. They do not want to leave China."... "Yet, as one lady said to me: "I would marry a foreign guy, but I do not want to leave China. My parents are here."
--- The above is very true.
"These women find it hard to believe that a foreign man might find them attractive prospects for marriage. Once they discover this, some are willing to mingle with foreigners."
--- They do more than just mingle. They just don't admit it to you.
"I don't know everything about China, but I do not get the 'escaping communism' comment. Today's Chinese that I know think the future is promising. Jobs are there and the pay is better than what their parents had."
--- Very true, but there are still a lot of Chinese who want to live and work abroad.
"I also think that today's China is not a promiscuous society."
--- It's becoming more and more promiscuous. Looks matter more and more for men now as women are less dependent on men to be the breadwinners.
Mongolia: Fast Growing Economy, Evolving Investment Climate [View article]
I will read your article now. Thanks again!
Mongolia: Fast Growing Economy, Evolving Investment Climate [View article]
On the way developing into...stable political and environmental conditions? Word on the street is that the majority of Mongolians feel that they don't need foreigners and can raise the investment money themselves.
The Japanese Yen Trade Is Exporting Inflation To China [View article]
The Japanese Yen Trade Is Exporting Inflation To China [View article]