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GLOBAL DISASTER BOARD, End of the World Is Nigh?!?
lgrif
post Posted: May 27 2016, 12:32 PM
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In Reply To: nipper's post @ May 26 2016, 09:59 PM

For Dama, Visit Aldi (Australia) when a ski gear sale is on.


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nipper
post Posted: May 26 2016, 09:59 PM
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In Reply To: early birds's post @ May 26 2016, 09:54 PM

your English is fine smile.gif ... a few minor lapses, but the sense and context is easily understood.

and you haven't met a rude middle-aged self-centred 'national charicature' until you have been in a Soviet -era department store (or better still, duty free InterShop) when a shipment of scarce goods has come in !!!



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time."
- Dr John Hussman

“If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions.” ― Michel de Montaigne

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early birds
post Posted: May 26 2016, 09:54 PM
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In Reply To: nipper's post @ May 26 2016, 09:26 PM

refer to middle-aged Chinese women who have become a driving force in the global gold market.
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yeah, nipper.
i should've explain it prop. nowadays, "dama" means everage joe eg......
originally it comes from those middle aged women whom dance in the those squares, parks with red fan in hand,
now it become the nick name for those chinese toerists whom usually loud, rude, self centered at public place----f#$%^ imbeciles that is what i call them these days.
it's a real shameful to us "good chinamans". weirdsmiley.gif

but i don't like to see the way USA and it's help monkey try to strangle china and afraid of china's rise up either.

my english is really poor, i guess i have no chance to express my true feeling about it here. sadsmiley02.gif




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nipper
post Posted: May 26 2016, 09:26 PM
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In Reply To: early birds's post @ May 26 2016, 07:48 PM

not a problem, eb (took a while to deconstruct what you were on about)

My partner is from HK so I understand a bit about the cultural changes (though I had to dig out dama)

[{[ Definitely not #1 : 大麻 ( dama ) - must have another tone? (Chinese-English dictionary) ]}]

so I'll go with #2: The Wall Street Journal recently coined the term dama (big mother), which comes from Chinese pinyin, to refer to middle-aged Chinese women who have become a driving force in the global gold market. ... but now moved onward/ upward as affluence, but not necessarily sophistication, has arrived for some. (How the poorly dressed, gauche day trippers to HK shopping centres are despised by the locals, despite the cash they throw around)

I have seen the first wave of Chinese in sthn Vietnam, Cambodia, Thailand, up close - those that arrived over the last century, and have Mazu/ Mat-su ( 媽祖; simplified: 妈祖 ) as core totem. The newer arrivals are different. But we shouldn't generalise.



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time."
- Dr John Hussman

“If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions.” ― Michel de Montaigne
 
early birds
post Posted: May 26 2016, 07:48 PM
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In Reply To: nipper's post @ May 26 2016, 05:45 PM

yep, nipper
so sorry about my poor "chinglish". sadsmiley02.gif

the reason i bring this up is that "south china sea dispute" is really old thingy. i think it is 1970's that PLA went in those small island in south china sea pushed out those KMA from Taiwan.
argument always on and off for over 50 years by now.
people ask me about how aggressive chinese commie is.... my answer to them is this " it is less about territory, more to do about economy"
these days, those less educated chinese dama went to vietnam phillipines , around world. like "surper richs" { 30 years ago these damas as poor as '''''''']
that really upset people there{ jealous, hate, eg......} so they try what chinese did last 30 years sell lower end thingy to USA EU eg.... need that market.
so how to lick USA?? very simple ----stand up to china------forget about the days that countless B52 roaring over their head........
how Modi won the election in India?? first words of his campaigm " over take china" that gives a lot of pride to Indian people.
i havn't told you guys that i said something really bad to those damas on the streets of sydney, shanghai.....
they seems forget words of "humble, mild, eg...'
here is my screaming-----" f#%$%^ you all the damas, and f#%$%^ you USA and it's ass lickers as well"!! thumbdown.gif
funny world we living !!





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nipper
post Posted: May 26 2016, 05:45 PM
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In Reply To: early birds's post @ May 26 2016, 05:11 PM

Hey, eb, I presume you meant "carpet bombing". A totally indiscriminate form of warfare.



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time."
- Dr John Hussman

“If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions.” ― Michel de Montaigne

Said 'Thanks' for this post: early birds  
 


early birds
post Posted: May 26 2016, 05:11 PM
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http://www.bloomberg.com/view/articles/201...s-begin-at-home
here comes the juicy bone for being attack dog at south china sea. lmaosmiley.gif

i still remember when i was a little kid, watched those black and white documentaries movie about how B52 sent by uncle sam that gave vietnam a so called "cardboard bombardment".
man!! what a world we live in!!!!!



 
triage
post Posted: May 18 2016, 09:09 AM
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In Reply To: triage's post @ Apr 30 2016, 03:15 PM

Well Venezuela has not totally collapsed yet, even though it was supposed to run out of electricity anytime in the last couple of weeks.

Just goes to show how resilient nation states and people are. Here is Venezuela which is a one product economy run by entirely incompetent corrupt people hitting an existential crisis brought on by a drought and a resulting shortage of usable energy and still it manages to continue. It makes a mockery of people who premise their economic / investment predictions on massive complex economies like the US and China collapsing in a heap.

Anyway some more articles.

This New Yorker piece goes to the immediate crisis of the drought and the resulting shortage of electricity.

http://www.newyorker.com/tech/elements/the...cautionary-tale

This post takes a socio-political approach.

http://www.theatlantic.com/international/a...tm_source=atltw

It seems that the Chinese have come to the aid of the local authorities on the financial front. Note that what is happening in Venezuela challenges the model that China intends to use in its new silk road venture in central Asia.

http://www.reuters.com/article/us-venezuel...a-idUSKCN0Y80PY

And I question the assertion made by Venezuela's leader that all of this is due to covert US actions. Certainly American spooks would be all over what is happening in Venezuela (and in Brazil) but Barrick Obama has been explicit in accepting American blame for destabilising latin American regimes in the past and I am not sure the Cubans would be talking to him if they knew that he was actively destabilising socialist regimes in Venezuela and Brazil.

http://www.newkerala.com/news/2016/fullnews-64911.html





--------------------
"The market can stay irrational longer than you can stay solvent." John Maynard Keynes

"The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought." Rudiger Dornbush

Mozart fixes everything and Messi is a dog

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nipper
post Posted: Apr 30 2016, 09:39 PM
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In Reply To: triage's post @ Apr 30 2016, 03:15 PM

putting it crudely - oils ain't oils

Venezuela's crude oil is very heavy (highly-viscous oil that cannot easily flow) by international standards, and as a result much of it must be processed by specialized domestic and international refineries. Venezuela continues to be one of the largest suppliers of oil to the USA sending about 1.4 million barrels per day to the U.S., to refineries on the Gulf specifically set up to refine it. Venezuela is also the owner of the Citgo gasoline chain.

So poor little China may have something that is uneconomic as the refinery chain isn't optimally able to refine any Venezuelan crude. Any 'stockpiling' may be acceptable to some midlevel functionary for whom the truth may be difficult to explain. Gotta love central planning. .... and despite the rhetoric, there is a certain amount of co-dependency between Venezuela and USA



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time."
- Dr John Hussman

“If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions.” ― Michel de Montaigne
 
triage
post Posted: Apr 30 2016, 03:15 PM
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In Reply To: triage's post @ Apr 30 2016, 11:09 AM

More on Venezuela ... this piece is by the Shenzhen based academic Christopher Balding.

The gist of the article is that China lent a heap of money to Venezuela to be repaid in oil, not cash. But that was when oil was up and over $100 bucks a barrel. With the oil price where it has been of late it means that Venezuela is forced to send much of its oil production to China but whilst generating no cash flow. So it has no money to pay its other debts or to pay for maintenance and development of its oil production facilities. The arrangement is apparently not doing China much good either, as it has all the oil it can use and stockpile for the time being.

I suppose if Venezuela defaults on any of the these deals it would probably mean that China would take control of a fair chunk of Venezuela's oil industry (much as it has eyes for much of New Zealand's dairy industry and Australia's pastoral industry (??).

http://www.bloombergview.com/articles/2016...iness-for-china

I regularly go looking for analysis by Christopher Balding but I admit at times he does appear to be a tad too damning in his bearish take on things (China in particular). I notice that in the article he claims China lent Venezuela about $60b under this oil for debt arrangement but in this following article the figure given is about $20b. In either case, $20b or $60b, this arrangement comprises a substantial part of Venezuela's foreign debt, which is given as about $90b.

http://www.institutionalinvestor.com/artic...l#/.VyQ7P49OJu0

As an aside, though this article was written in March this year oil prices were assumed to average between $50 to $60 a barrel so if anything the writer may have underplayed the dire situation facing Venezuela.




--------------------
"The market can stay irrational longer than you can stay solvent." John Maynard Keynes

"The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought." Rudiger Dornbush

Mozart fixes everything and Messi is a dog
 
 


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