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Stunning Time Lapse Video Of China Completing 15 Story Hotel In 6 Days
Repeat after us - there is no Chinese bubble </sarc>.
Although none is needed, here is some commentary
As the United States and China battle over the finer points of currency manipulation at the G-20 summit, American negotiators may want to take note of this startling testimonial to the productivity of Chinese workers: A construction crew in the south-central Chinese city of Changsha has completed a 15-story hotel in just six days. If nothing else, this remarkable achievement will stoke further complaints from American economic pundits that China's economy is far more accomplished than ours in tending to such basics as construction.
The work crew erected the hotel -- a soundproofed, thermal-insulated structure reportedly built to withstand a magnitude 9 earthquake -- with all prefabricated materials. In other words, a crew of off-site factory workers built the sections, and their on-site counterparts arranged them on the foundation for the Ark project.
h/t Clavin
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I thought it was a great post, it was hilarious.
No, Bob,
I think you were junked because the thread has begun to move into scary territory now and it is getting near bedtime on the east coast so we don't want any nightmares.
But I think your knowledge of the science of physics/thermodynamics is swell!
Aw, pshaw.
None of the gold in the ViaMat warehouse in the Trade Center melted. It was shipped out before the accidental demise of the towers just by luck because it hadn't been fondled and polishedby some fetish laden important body. And twizzlefucks, t'was never for that matter a major insurance claim filed as it wasn't insured anyhow and nobody ever reported a major write down as a result of the stuff getting squashed to death that I remember either. Plus the fellow responsible for the records disappeared shortly thereafter as did the accompanying paper inventory and accounting sheets even though supposedly many surrounding days information was still available.
OK, whose hiding the sausage, eh?
Architecture smarchitecture.
Yep, pretty soon these construction guys will be building hotels for no one, and bridges to nowhere! Just like the US gov't, the Chinese have been making promises they will not be able to keep, and things will surely get messy.
http://psychonews.site90.net
Sorry. I don't want to stay in it.
I see Chinese people..........efficient Chinese people.
No need to be redundant!
No need to be repetitive!
Chinese high school grads... making $1.50 an hour.
As compared with American high school grads... who make $17 an hour and sit around looking at the WTC hole in the ground.
Chinese management... competent.
American management... who, what, where, when ???
Hey, I resemble that comment.
$1.50 or about 12rmb will buy wou a very yummy lunch in china. I can't find a comprabably yummy lunch here.
That's fine for wou but what about me?
The Chinese are the Amish of Asia
and the strangest analogy of the day award goes to...
NEGATIVE Doc.
The Amish are exceptional crafstmen, careful and build things to last.
They are also careful stewards of their environment, and put the well being of the land, the community and each other before any other goal (except service to God.)
Perhaps you were joking and I missed it - as there is NO COMPARISON.
I worked in a cabinet factory shortly after high school with about a 40% amish factor.. They are the same as everyone else.. They don't work any harder and they are no more pleasant to be around than the yanks... I know of what I speak.. Been around many of them.. I know everyone likes to put them in a light like you did... but it's simply not true..
Hunter - I respect your observation - but your observations are different from my own. I live in a county with a large Amish population, alongside them. I see the way they work together, cooperate, raise their children, and the product of their labors (for themselves, not for resale to the tourists or non-Amish owned businesses many of them work for.) I see how they save their money and spend their money, and how they treat their land, grow their food, and prepare it, raise their animals, etc.
Yes, people are people. And its true that the Amish have little respect for the "yanks" (becuase most yanks have little respect for themselves when it comes down to it) or the way yanks behave, conduct business, etc. But that is precisely my point.
Do I agree with everything the Amish stand for? No? Does it work well for them? Yes. And it has for more than 500 years, without a collapse, a war, a famine, or any great catastrophe of their own creation. Nope. They have found a way to coexist just about perfectly w/ the envirnment on the fringes of a twisted and violent society without a lot of major difficulty. And they live to an extremely good standard, if you count a strong and supportive family, community, clean air, clean water, great food, and useful employment as your high standard. I do. So yeah... While it's not Utopia, it's a damn sight better than 90% of Americans live, and orders of magnitude different than China. Period.
Just my daily observation.
Sorry About the double post. Idiot. Idiot. Idiot.
You ought to see the gardens they have in N central WY. No one else can grow anything outside the very narrow growing season and the Amish communities have constructed these awesome paritally underground 100 X 30 foot gardens that can be covered or allowed to stay open. They have adjustable solar panels so sunlight can be pointed into the landscapes regardless of time of day. Fruit trees, vegies, herbs...thriving in January in windy cold snow-covered WY. These folk have my utter respect.
Did I miss it? Where was the sheetrock, drapes, carpets, furniture, door units, etc.
Ok, so they built a prefab shell of no use to anyone except pigeons.
There was a definite end point with no further progress.
Looks like you did miss it. In the "commentary" link Tyler provided there are several links to specific stories. And the video showed a quick shot near the beginning of an interior wall going up complete with insulation and Sheetrock.
By golly! I stand corrected. So, it's a multi-story mobile home.
Thanks, CD.
Can someone please explain to me why this article is stirring up the ZH hornets nest? Are we feeling so impotent and defeated that we must find relief bashing the Chinese and each other?
Yes, we are feeling impotent and defeated. We built the entire Empire State building in 410 days. We still have nothing more than a hole in the ground at Ground zero 8 years later. Frustrating.
And you can't see that this is exactly what the master wants you to feel? Amazing.
Wow, I have been Cog Dissed! Cool. In 1945 a B 25 bomber crashed into the 79th floor of the Empire State building. I'm pretty sure they just dusted that sonofabitch off and went about thier business. Maybe rose colored glasses about the past. I guess I am angry about many things the master does. That does not mean I am sitting around crying, Spartacus.
You'd be wrong. Do some real research.
Actually it sounds like you are. What are you doing about what makes you angry out in the real world?
They had to do some minor construction. Minor compared to 911 anyway. Real research.
I bought 20 oz silver today, I am helping my family and neighbors become independant and prepare for the worst (but hope and pray for the best), and am raising 4 children who will not rely on you for thier livelihood or anything else. I am involved in local politics and volunteer some of the little time I have there. I do much more, but this is becomming a lengthy comment. As much as I would like to run around telling everyone to look at my "long post", I think I will move on.
Bye bye. When you've doubled your time here on ZH to 10 weeks, let's chat again darling.
Yeah, I guess I don't have any zerohedge street cred. We all know what you do around here though, so if I want any more shit from you I'll just scrape it off your nose.
I thought you were moving on? And we can all see you got your ZH street cred the cheap way, from Cheeky Bastard.
I live in a mid size beach resort town in Florida. Along the beach there are about a dozen large holes, some with completed underground parking, that were going to be completed hotels/condos. All building stopped about four years ago.
Nearby, on the river, two completed condo towers have remained empty for the past three years because they began leaning at precarious angles to vertical about the time they were completed. The buildings are 14 stories high. They remain without occupancy permits and totally empty. The buildings are on about 6 acres of prime riverfront property with accompanying shopping, restaurants, etc., all empty.
Lots of litigation because of pre-sales. Lots of banks/individuals are losing their shirts because these buildings will be demolished. Engineering studies have shown that there is no fix to save them.
Just a little anecdotal info for those interested.
Agree CD (re: impotent). In the days following the opening ceremonies of the '08 Beijing Summer Games, which I consider to be the single greatest cultural event in human history, not a single major US magazine had a cover story about it. The Chinese blew everyone's shit away that night.
If anyone ever ventures into Changsha, definitely go visit Yuelu Academy (1,000 year old school resting at the foot of Yuelu Mountain), an amazing place where one can imagine robed scholars and students roaming a myriad of gardens and enchanting architecture, or under the magnificent trees.
Oh, and the nightlife in Changsha can't be beat. Every night is Saturday night. Some of the clubs are like a 3 ring circus on steroids, with a camaraderie inside that's intoxicating in itself. Had the time of my life there.
Rocks, those are called row homes in Penna...
Yep. Got that. After WWII there were some real shacks thrown up (pun intended) around the U. S. for the GIs coming home. I think they were called 235s or something for the gov't program. Anywho, the Chinese building project was a stunt -- tell me it's not.
No need to be oxymoronic. Chinese are efficient at lying, stealing and cheating. Ask anyone who sources from china.
Having had some intimate access to the Chinese, I would say that unfortunately by and large your generalization has some merit. This is partially a creation of the enormous population which makes almost everyone's behavior ruthlessly competitive.
China's Empty Cities - China GDP/Explained.
http://www.youtube.com/watch?v=0h7V3Twb-Qk
Yeah, I seen this before. China is still a very managed and centrally planned economy. They're not screwed like we are, but they'll have their issues by and by due to excess regulation and economic tinkering...
Dont forget, most of their economy is booming based on a central directive. They have a bubble in housing that will make America look like a walk in the park. Chinese are buying condos for investment purposes only, entire swaths of them. Prices have exceeded incomes by magnitudes hard to comprehend.
Our pseudo-socialist centrally planned Federal Reserve bubbles are violent, imagine what the Chinese ones will look like.
Thanks to successive years of fast economic growth and even faster government revenue growth, the official debt-to-GDP ratio was 17.7% at the end of last year, far lower than almost any other major economy.
The trouble is that excludes local government borrowing, the current surge in loans backstopped by Beijing and bad assets cleared from the banking system but still floating about.
When all are thrown into the pot, analysts estimate that China's debt may be closer to 60% of GDP, putting it in virtually the same league as the United States, which was at 70% at the end of 2008 before it launched its massive economic stimulus program.
Thanks for that, that is consistent with what I have been reading about the China boom myself. One of the most incredible aspects about China is their GDP numbers. Apparently GDP numbers are set by localities BEFOREHAND. So unlike most other places where GDPs are a measurement of total domestic product, China sets a target and then the Chinese workers do whatever has to be done to achieve that output.
Talk about perverse.
Bubblisssssssshes.
Agreed. They are screwed in an entirely different way.
We have shit (dollars) that nobody will want, they have shit (buildings) that nobody will need.
At least we still have decent farmland and water.
Actually, they do need the buildings, the problem isn't the demand, it's the price.
Some-one is going to have to take a shellacking on the cost of all the property investment.
Hmmm... why does that sound familiar...
i see empty homes for all the americans who will start emigrating. stay here and be a slave? or leave, make a living, and be able to keep it?
No slave here bud. I have no debt clean air,water. I love the USA do what I want, its a free country....
Going hunting in the Wisconsin next week with my gun.
China will blow mid-summer of next year after her 7th-8th rate hike, enjoy.
That's great. Don't forget that if you come from out of state your deer hunting license is $160 and then an extra $25 if you hunt in public land.
Might be the scariest thing I have ever witnessed. We are in serious trouble and have come quite a ways since we built the Empire State Building in 14 months in the 1930's.
Would you mind working in a office in the top of this building oh say, during a Chinese earthquake?
Exactly, trying to equate this pre-fabbed shit box to the empire state building is a joke.
Isn't this the place where buildings that are under construction sometimes just fall over? Sorry but Chinese QC sucks. Also isn't this the same place that destroys godo buildings for no good reason and then builds other ones just to keep the slaves in bank notes?
I am not trying to compare the structural integrity of the two buildings boiler. I want to say that attempting to build the ESB in under a year now would be impossible because of union bureaucracy and when we are looking at a nation that relies upon slave labor and so does now the U.S. as evidenced by FoxConn and Apple.
I do not advocate either our nation or China exploiting their people yet now we understand why they are capturing wealth because they are a nation which manufactures and we are reliant upon a ponzi shell game to temporarily create jobs.
You know , we continually blame the unions in this country for a lot of things. Now mind you , they certainly aren't perfect to be blunt, but it is not the unions per se that forced international capital to flee. They are a convenient fall guy for this reason. No international capital fled because it is time to bring down the United States as a country in order to make it fit the mold chosen for it, in the new world order. Unions despite all of their warts gave us 40 hour work weeks and allowed many people to join the middle class and to live the (dare I say it) American dream , whatever that is. The problem is that international capital and its owners want the slaves to work at the rates that they choose for them. Not only do they have the power of the purse, they also want the power over your mind , body and spirit. Goes with the territory.
Im not blaming union. I was a member of the Laborers when I was teen and I hail from a family of operating engineers and teamsters. Unions have become what they formally opposed unfortunately and yes you are completely correct that the MNEs want slave labor and the unions make themselves an easy target by becoming such a beauracracy and business agents who roll around all day on their union paid for cars enjoying all of the benefits the workers they represent that actually produce for this nation.
Much like our political system we need a back to the foundings in relation to American labor because they are going to become extinct through banker debt and eventually austerity.
Correct, but until we get control of our own money then we will never have control over anything. So, this takes us back to the beast doens't it? All roads lead to that contrivance, that was created in the dead of night on Christmas Eve, while the sheep were asleep, on December 24, 1913 , The FED. Unless we destroy this beast, we will never be able to acquire what we have lost.... the American dream. Now mind you some may say, well the American dream is to be rich and successful. I say no it was and never will be this. The American dream was all about liberty and freedom. That my friends was the American dream. George Carlin said one time, that we must be asleep to have it. I say, who among you is sick and tired of having to go to sleep to have it? One can look on the highways and the byways of this country and see Harleys going here and there, grown men with their long hair flowing in the wind, tasting what they think is freedom , albeit for a short time. Why o why do we have to dream of it and pretend we have it? Why can't we have it now in our lifetimes? Why can't we have it now? Can you imagine how it must have been when the Americans defeated the British at Yorktown? Even for that brief moment before the banking class struggled to adjust their busy schedules to counter this event, perhaps as unwanted and surprising to them as it must have been, there was for this brief time, a complete free society here and it must have tasted sweet. No where in this world has this ever been achieved. No where and yet here we are, dying on the vine. Maybe hunger will be the catalyst to make the Americans stand up and notice, God only knows.
Yes the bankers.
They want most of the reward for the minimal contribution.
They want to use their " intellect " as their contribtuion until this intellect turned out to be hubristic gambling that was paid for by the populace.
There is a place for bankers but not this beastly creation which is perverted and shares no risk.
There is a place for bankers...
The great marsh where The rivers Styx, Phlegethon, Acheron and Cocytus empty out
"Leave the gun. Take the cannoli."
"they certainly aren't perfect to be blunt, but it is not the unions per se that forced international capital to flee. They are a convenient fall guy"
God yes. Don't they even "smell" like a CFG to the Rightists here in the same way that the housing bubble was blamed on Liberalz "forcing banks" to lend to poor people?
The housing crisis was orchestrated by the same people who made the Savings and loan crisis happen. Same song, different verse. Its all one big pump down and they are the pumpers and we are the pumpees.
While the corrupt monetary gods are obviously at fault, there is no point to absolve the unions, since two examples are a pretty good indication of how resources are wasted: Janitors making over $100k/year - http://www.nypost.com/p/news/local/janitors_clean_up_zEecMaKxzR8m202QAPiVZP Doormen making $40k/year - http://www.aolnews.com/nation/article/doorman-strike-could-throw-new-yor... I can't comment on the 40-hour remark since I haven't read any counter arguments, but it does ring hollow given that it assumes that the credit for past undertakings is somehow attributable to every current day union. Also, don't forget the minimum wage helps to keep many people unemployed, e.g. those many empty counters at banks, supermarkets, and post offices. Milton Friedman explains it pretty nicely in one video on youtube.
One of my buds bought a Yugo once twith a sticker that said something about made in Neverneverland by Santa's competent elves on summer break in just under 15 minutes. You all know how that turned out.
An hour later, you are hungry and working in 1st floor coffee shop!
Did you see the lateral cross bracing in each section?
I did. Assuming there's no problem in the materials (bad steel, plastic that doesn't weather well), that claim is almost certainly valid.
But Cog, my son once had lateral cross bracing in his Master Lego set that didn't last worth a piss either. Something about appearances, books and covers.... Oh and BTW, it looked like they were securing the mighty cross braced panels to one another with sheet metal screws.... Never mind.
Magnitude 9? well yeah...It's the magnitude 4's ya gotta worry about.
What little I saw of the fasteners was alarming, though. No welding visible in the night shots. Built with hand tools, it looked like.
I wouldn't stand within 500 feet of the place.
+100
While I have seen stronger cross bracing here in Bay area buildings, the steel frame structure with apparently very light-weight construction of walls etc. makes me say:
Yes!
lets just move New York to the earthquake zone in western Sichuan province and see how it stands up.
Don't fret it, McCloy. It was a modern example of what used to be called a salesman's sample. Just in full size.
With 16 floors... you get EGGROLL!
I want eggroll...
I'll take the happy ending.
Sorry Donnie,
WBanzai7 says (roughly) that you cannot have sex with a Chinaman....
How about extra pineapple slices?
Don't Get Cocky, China
The US Government says a single Boeing can bring that steel reinforced concrete sucker down roughly 1:15 after impact...
Or a crazy disgruntled Chinese army vet can drive a Hunan Rental Truck full of fertilizer and diesel in front and blow the face off of that sucker...
No Really China.. It's True!
Our government does not engage in Conspiracy theories..
That's right. All one has to do , to bring this building down, is to ram it with a airplane and when this happens, it falls to the ground at breakneck speed and it immediately turns to fine dust. No pancake theories allowed. And even though everything in the building has been turned into fine dust, somehow the identity papers of the men who did this thing are found in the debree by FBI agents. Drink up and taste that good coffee.
The Chinese and the FBI will pin it on 19 Zero Hedge commenters that took flight training in a Florida strip club...
I bet Turd and CD will be on that list...
Yeh you are right. Some of us did learn how to fly the big jets but we never learned to land them of course since we did not need to know how to land them. We all learned how to fly the big jets by taking flying lessons in CIA backed airplane flying schools in Florida, by flying Piper Cubs around for a while and playing in flight simulators. We are guilty as sin too buddy. It was those wascally zerohedge conspiracy pilots that did this job.
Nah bring down a pair of buildings near it. We have proof that if you bring down two buildings near a 3rd the third will collapse at free fall speed into it's own foot print.
Yes, but only if it contains some confidential files about grade financial scandals.
It could be new export hit from USA: tons of fraud files, easy applicable for bringing down any concrete-reinforced structure. Just put it in and put in fire, than call fire department they should 'pool it'. No need to pay for any expensiv demolition squad.
LOL.
Wall Street already exported tons of fraud files...
They are called Mortgage Backed Securities...
How about bump it with a rusted 1981 Yugo the brakes of whch never worked right.
Fuck you dude, I'm from Oklahoma City, that shits not funny even in this context.
And fuck you whoever junked me.
Looky Here... Boy...
Who Said Anything About Oklahoma?
What Goes Around, Comes Around <Junk>Boy
Just because it was your local stations that reported the day of the bombing:
Don't take it out on us...
We were just talking about a hotel in China... :>|
Okies get an exemption from humor, now?
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Of course, the revenue they anticipate is in the form of Obamanotes (formed from Timmaynotes (formed from Bennienotes (formed from rainbows and unicorn farts))).
Anticipation, An-tici-pa-a-tion,
Is makin' me late
Is keeping me wa-a-aiting.
Peru does street and freeway construction super-fast vs. what I see here in the USA. In the last two cities I lived in, it took MANY years to build/rebuild freeways.
In Lima, they started from scratch and completely built a freeway (approx. 5 miles) in a little over a year. Start to finish.
You guys effin kidding me?
It takes MONTHS to build a effin 599 sqft guest house here in the states, every time you complete a singe step you need to call and wait for an inspection and approval to go forward. And yes, this is even in the middle of the effin swamp! Inspector needs to drive 25 miles to get here and they still code this place like the city. I moved to the swamp to get away from this kind of nonsense.
It's amazing that anything at all gets done in this country.
That's why God made trailers!
Besides, I hear that gators like gov. employees since they're so soft and fat.
Gators have learned better: Indigestion and diarrhea.
A 5 mile freeway,
From Lima city center to the wilds sheltering the Great Shining Path Gorillas in less than a year.
And yes, I've spent time in Lima. Where a couple of American turistas bought a 10 year hospital supply 10 gallon plastic jug of Quaaludes and were eating them literally by the hand-full.
One of 'em tried to pick up a hot cup of coffee and poured it in his lap in slow motion and started screaming whilst he couldn't get up. Was funny shit, man.
We left before the animal doctors arrived along with the Poliziadadios
5 mile freeway stuff, indeed.
You can buy Quaaludes in Lima? I did not know that, I will investigate next time I am there...
The freeway I mention used to be Av. Javier Prado. The express part ends just before Plaza Camacho. Not quite Sendero Luminoso country! My in-laws used to live just beyond there.
Liked your story about American dumbasses wolfing down Qs and drinking coffee, don't Quaalude and drink coffee at the same time, LOL...
Building safety? How much concrete did they use and did it set properly? I will give China this though, if it collapse they'll take the engineers head. Reminds me of Dubai, the shittiest construction I've every seen.
Compare a chinese made drill press to a American made one. With the Chinese press, instead of drilling a hole, you wallow the hole out. Lots of wobble. But what the hey. Its cheaper than a American press and we all want more money on our bottom lines. This is one reason why so many container ships lie off shore of Long Beach, California, waiting to unload their junk at a former US Naval Base that was generously leased to COSCO during the Clinton Administration , in 1997. They shipped our jobs there and now they dump their junk here and you know what? We buy the crap. We sometimes are our own worst enemies.
Learn something new every day.
... Sometimes ... ?!?!?
ok ,,,,they need to stop that crap right now, and learn from city workers and unions.........go slow building labourers - preserve your job!
exactly! nicely said.
I think I will stay at Motel 6
Slaves, be happy in your work.
how many screws were left over?
It was all slots and tabs.
Fortunately/Unfortunately the US has little need for production rates of 6 days that use 6 cranes and employ entire factors to build pre-made sections.
Cost saving is irrelevant, where the sole aim of economic activity is to generate concentrated wealth.
Our corporations are NOT profit maximizing entitites.
BTW: there's a guy in Florida invoking a statute from the 1800s to apply Abandoned Property principles to unoccupied houses. SCOTUS affirmed the process legality in a case that involved golf balls hit into a lake then dredged up later.
When you can get a house simply by declaring ownership, notifying the Abandoners, and paying taxes... why build anything ?
It's called "Adverse Possession"
You need to do the following:
"Claim" the property in some way, like clearing it and fencing it off
Pay the property taxes
Not be challenged by the owner during that time.
Occupy it in the above way for 7 years, the you can claim title. It's really not crooked if you see the amount of abandoned property here doing nothing for years and years.
They are now assembling smaller ones:
one may want to remember that the Rem Koolhaas's
designed hotel opposite the Television Tower collapsed
because of fiecrackers hitting the building during
the New Year celebrations...
I'm sure that meets building code and is earthquake proof.
Or, like all Chinese hotels, they have a magnificent gold-leaf draped lobby with a shit hole for a room and running water that smells like a freshly opened garbage can on hot July day.
With that kind of speed the hotel must have hourly rates for those nooners...
I'm still looking for a hotel with a six minute rate.
Glory hole visit for $2.95.
I don't know...your canines look a little too sharp...
So it took 6 days to put together a building that has no construction standards whatsoever? Good thing it'll never be occupied lol
Fasteners look pretty good to me.
Insulation and seams/caulking ??? Electrical ?
That's where I'd be afraid of this technique.
Fireproofing? Sprinkler systems? Electrical wiring? Sewage systems? Paint? Concrete setting?
No way Jose.
And it is ugly.
Who needs the concrete setting ? Who needs the epa ? Who needs a sewer system ? Fresh water nawwww... Lol'
No need for plumbing, it has windows.
Cramer is pumping GOLD!!! oh sheeeeoooottttttttt
SELL!!! SELL!!! SELL!!! SELL!!! ;)
Simply Amazing. Chances of ever seeing that done in the US....maybe if ww3 comes around....maybe.
Why in the hell would you ever want to see that being done in the USA?
Just a return to a productive United States. I am not suggesting a planned economy or hope for war.
Chinese culture is all about price, quantity and time. Quality is not a factor.
heh. they are building homes for all the americans who will start emigrating in the next few years. who is going to want to live here in this despotic shithole? we are the country of if you don't give 100 percent of your pay check to uncle sam you are an evil heartless bastard. long live the USSA!
Minimum wage is about $900US per YEAR, no animal rights, no epa and even the leaders kick each others asses when they disagree. Basically NO BITCHING! Not many Americans would last long in China, IMO - including myself.
not saying i'm leaving tomorrow, but i'm still employeed. as leaders continue to drive us off a cliff, people will continue to lose their jobs. i'm sure there are a good number of people that would rather work than sit idle.
Adjusting for GDP (Purchasing Power Parity) on a per-capita basis, China (at $6,567) has a long way to go before it achieves "superpower" status, considering that it ranks #102 according to the CIA, #99 according to the IMF, and #92 according to the World Bank. In fact, on a per-capita basis in 2009, China ranked behind Namibia, Jamaica, Belize, Thailand, El Salvador, and Albania. And the last time the U.S. had per-capita GDP of $6,567 was back in 1932.
http://mjperry.blogspot.com/2010/08/china-might-be-2-by-gdp-but-it-ranks...
i'm sure you could have numbers proving anything. our GDP grows and all we do is assemble stuff and make things to blow stuff up. when i see videos like this i see people who are motivated to work. motivated to create a better tomorrow. not how am i going to steal from someone so i don't have to work. or i have a "right" to this and that. i love the ideas of liberty that this country started and wish we would embrace them more.
i'm sure china has tons of problem and bubbles in their economy, but i'm looking at a trend. the chinese will most likely have a higher standard of living in ten years. the US will most likely have a lower one. we have serious problem with our nanny state that will only be delt with by their self-destruction.
have fun hunting. my dad could never get me into it as much as him. i went to HS in wisco. remember getting all thanksgiving week off to deer hunting. heh.
Its more just to hang out with friends, drink.
China will booom in the future but we will see a very large asset bubble burst first .....
Have a good weekend..!
Caesar's 1000' Rhine River Bridge built in 10 days after order given to build it!!!
At the 2:20 minute mark:
http://www.youtube.com/watch?v=p52l5EXv6Ro
And Caesar has bridge disassembled before trip home. No chocolate left on the pillow...
There is no Chinese bubble
-Lehman Quant
I agree
-Bear Stearns Analyst
LOL !!
And these Big Bubbles are not redistribution scams.
Somebody must of had to pee really bad.
"Repeat after us. There is no Chinese bubble"
I don't get it. Sarcasm? Who's going to rent out those rooms? Chinese farmers? I'm clearly new to ZH.
No, you did get it. It was sarcasm and nobody is going to rent out the rooms. The last story on ZH about chinese buildings had videos of buildings being destroyed in just a few months or years after completion, thus boosting GDP to rebuild the structures.
At 57 seconds the pop up says not a single work injury at the constuction site. They left out the word reported.
Actually, it only applies to "party officials" anyway, the workers are simply property.
Big deal, in 10 years an array of 3D printers can print out the same building in less than a day.
Outta carbon nanotube. Wonder how many people know that this shit is real, btw.
rarely disagree with you Tyler -> but there are clear signs of a china bubble... for example just look at all the inflated account receivables one chinese companies balance sheets. have look at PE ratios and compare it to price cashflow multiples... and with QE2, these bubble get filled with fresh O2!
that was sarcasm on Tyler's part.
ups didn't get it ;)
Wow. It's like Lego!
bumper sticker seen on car in usa: "my drone can destroy your chinese building in 6 seconds. have a nice day!"
i'm joking people. don't get bent outta shape over my pro-american comments.
The fact that you believe that is a "pro-American" comment, might identify the problem.