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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (26350)	12/13/2007 6:52:40 AM
From: elmatador	Respond to of 219785

Billions invested to create purchase power. "what SWFs do with their skillions is a global phenomenon and will continue to create a pattern of cross-border investments that should bring capital to the places that need steady long-term investors with minority stakes who can wait for years for their investments to pay off." Compare with the time capital was hogged by the OECD and countries need to barter to trade. Or they needed Build Operate and Transfer schemes. There's a new dawning TJ! A couple of banks here and there can be dealt with small change. Thinsk about the SCALE!

To: TobagoJack who wrote (26350)	12/13/2007 12:14:37 PM
From: elmatador	Respond to of 219785

I just discovered I'm a Freakonomist. Reading 'Freakonomics', I discovered that my way of thinking about cause and effect is 100% Freakonomics.

To: TobagoJack who wrote (26350)	12/13/2007 3:21:57 PM
From: kingfisher	Read Replies (2) \| Respond to of 219785

China far poorer than the world thinks NEIL REYNOLDS From Wednesday's Globe and Mail December 12, 2007 at 6:09 AM EST Now here's another important report on China from the Carnegie Endowment. A couple of weeks ago, it was political scientist Minxin Pei and his warning that pervasive government corruption in China will bring the country's rapid economic expansion to an abrupt end. This week, it's economist Albert Keidel and his calculation that China remains poorer - far poorer - than the world thinks. China's economy, he says, will turn out to be 40-per-cent smaller than present statistics suggest. Mr. Keidel is an authority on China's economy. He has worked in China, Japan and South Korea, serving in Beijing as a senior economist with the World Bank before joining the Office of East Asian Nations (as director) at the U.S. Treasury Department. He has worked for the Carnegie Endowment in Washington since 2004. In 1994, he wrote China: GDP Per Capita, an early stab at the complicated task of determining the size of China's economy. Now, anticipating revised numbers from the next World Bank report on national wealth, Mr. Keidel says that official survey results indicate that the number of Chinese who live on less than $1 (U.S.) a day probably exceeds 300 million - three times as many as current calculations indicated. One Chinese in four, in other words, still lives in abject poverty. How could China's economy remain so stunted after three decades of rapid growth? Mr. Keidel thinks that China's official statistics have been based for years on assumptions - wrong assumptions - made more than 20 years ago. For example, the World Bank estimated in 1980 that 300 million Chinese lived in dollar-a-day poverty. The real number was, in fact, closer to 500 million. Complicating the task, China has never previously permitted the World Bank price surveys that have been used to determine GDP (and purchasing power parity) in other countries. Downward revision of the GDP numbers wouldn't necessarily take anything away from China's flat-out economic performance since the mid-1970s - or diminish the country's remarkable advances. It would, however, compel people to look at China from a dramatically different perspective. "China has made enormous strides in lifting its population out of poverty," Mr. Keidel says, "but the task was more gargantuan than people thought. China's progress has been overstated." The diminished China that Mr. Keidel describes would modify the prospect of an ascendant Communist state that will quickly overtake the United States as the world's biggest economy. The U.S. Government Accountability Office had itself calculated that China would pass the U.S. by 2012 - at least on the basis of purchasing-power GDP. "With the corrected [purchasing power] figures," Mr. Keidel says, "the whole question is moot. China is just not that big and it will not get that big any time soon." Even with the old numbers, China was advancing slowly - when compared with the rest of the world. Take the index that the UN uses to measure comprehensive change in living standards. The Human Development Index takes many factors beyond GDP growth into account - longevity, education, human rights. In 2001, the UN index ranked China as 87th in the world. By 2007, it had elevated China only to 81st place. In the intervening years, China scored as poorly as 104th. Even now, China's per-capita GDP (expressed as purchasing power) varies significantly, depending upon which authority you use. The International Monetary Fund puts it at $7,722, only a few dollars less than the Central Intelligence Agency's estimate of $7,800. At this level, China ranks 86th in the world. The University of Pennsylvania, which publishes an authoritative analysis of its own, puts the country at $5,772, pushing China down to 94th. In either case, subtract Mr. Keidel's exaggeration factor of 40 per cent from these numbers and China slides further than it has climbed in the last few years. The IMF number becomes $5,790 and puts China in 100th place; the University of Pennsylvania number becomes $4,379 and puts China in 114th place, just above Uzbekistan. In his 1994 report on China's GDP, Albert Keidel noted that extreme poverty in China had risen since it introduced elements of capitalism 15 years earlier. He also noted - from a nutritional perspective, at least - China was as rich in 1949 (when the Communists took over) as it was in 1978. In the vast rural regions of China, one in three had lived through Mao's reign in abject poverty. Now things are better. Only one in four lives in abject poverty - an unfortunate mass of people that equals the population of the United States, whose own per-capita PPP is more than $40,000 and rising. nreynolds@xplornet.com

To: TobagoJack who wrote (26350)	12/14/2007 4:04:15 AM
From: Maurice Winn	Respond to of 219785

To test anti-matter against matter in the physics world, super expensive super colliders are needed, for nano experiments in pico time of a theoretical nature. In the human realm of financial relativity theory, we are doing anti-matter/matter experiments in real-time, within the event horizon, with an arrow of time, black-holes to the left of us, Black-Scholes to the right, through the valley of death ride the six hundred, nearing the speed of financial light, though not of illumination, nor illuminati, heading for the hills, which are full of large anti-matter and matter artillery denying access. Cue the 1812 Overture. <irresistable force that is the credit implosion will hit, straight on, the immovable object that is the fiscal/monetary central planners anti-matter against matter > Life is indeed a giggle, with a LOT of fun to be had. Mqurice