So, looking at China's GDP/capital growth rate relative to representative Asian economies, it seems like the construction glut was actually a net drawdown on GDP growth? Growth rates fell in 2011 and have only recovered in the 2021 era (coinciding with the rise and fall of China's real estate market).
This intuitively should make sense given how China imputes rent, but it's still surprising.
I hate how elections work in Canada man.
So Trudeau's been getting absolutely terrible poll numbers, but the Conservatives have basically no platform except "Trudeau bad pt. 7"...
But anyway, now that the Conservatives are gaining support federally against the Liberals, they're also gaining support provincially against the BC NDP (which by all accounts is doing a pretty great job at actually getting stuff done).
But of course, the provincial Conservatives used to be called the Liberals, but now they're the Conservatives because the provincial Liberal party imploded.
So anyway, now there's not terrible odds we'll get put under a Conservative provincial government because the federal government can't get their shit together.
I mean... Canadian education really isn't that great on global affairs lmao
His last ounce of resistance was to force them to DocuSign that shit lmao
Canada one was out of negligence, this one was out of willful ignorance.
Politics is about power and, well, how do you compete with the kind of power that can flip a country in an instant?
Bernie has no competence in foreign policy, but seems like it would be decent for domestic issues?
I mean... wasn't this inevitable? Iron is basically infinitely recyclable, and eventually China will build up enough scrap to saturate demand. There's a reason electric arc furnaces are becoming increasingly popular in China lol
Let's talk macro for a little bit: with the JD Vance pick (and assuming the Democrats can't fix their campaign), are we not seeing the balance of power in DC shift from New York & finance to San Francisco & tech?
That shift in power lends far more credence to reindustrialization and a change in the US Treasury than anything else. A weak dollar is far less important to the Silicon Valley elite than it is to the New York elite. Is it unreasonable to expect a weakening dollar emerge over the next four years, bringing with it a rise in onshoring, a rise in real incomes (which are overwhelmingly from domestic consumption), and a fall in purchasing power abroad?
The Secret Service runs a pretty robust EW suite I thought?
Gotta protect your kids I respect that
Meloni had the quickest image rehabilitation in a while