China Unleashes Building-Gobbling Sinkhole To Spur GDP Growth

Tyler Durden's picture




 

While everyone knows that devastation and cataclysm are wildly bullish in a broken-window-fally-based Keynesian world where everything is incrementally positive and bad is good. It would appear that China has taken that 'fallacy' one step too far as a giant sinkhole is 'gobbling' up buildings across Guangzhou. We assume this sinkhole was unleashed to help maintain GDP amid the now factual decline in labor force that we discussed yesterday.

 

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Wed, 01/30/2013 - 11:33 | 3198869 Headbanger
Headbanger's picture

iHole ??

Wed, 01/30/2013 - 11:43 | 3198888 Temporis
Temporis's picture

If only that would happen at Constitution Ave NW, Washington, DC.

Between 20th NW and 21st St NW...

Wed, 01/30/2013 - 11:44 | 3198927 brewing
brewing's picture

easy way to get rid of excess home inventory.  the u.s. should try it...

Wed, 01/30/2013 - 11:49 | 3198943 Pladizow
Pladizow's picture

Hory Shit!

Wed, 01/30/2013 - 11:51 | 3198949 HoofHearted
HoofHearted's picture

So, we get a bunch of broken window fallacies here, but we can also add in a new "sinkhole fallacy."

The big sinkhole we have in this country is the Congress + Executive Branch. And we see how that has turned out...

Wed, 01/30/2013 - 11:55 | 3198969 Harlequin001
Harlequin001's picture

At least the shower still works. As usual the build quality in China is still 'excellent'...

Second(s) to none so to speak...

Wed, 01/30/2013 - 11:56 | 3198976 Pure Evil
Pure Evil's picture

Has the Large Hadron Collider yet again unleashed another black hole?

Wed, 01/30/2013 - 12:07 | 3199024 idea_hamster
idea_hamster's picture

"Unleashes"

Uh, excuse me, but the proper term is "deployes," thank you very much.

Wed, 01/30/2013 - 12:44 | 3199158 fourchan
fourchan's picture

they build buildings to fill the sink holes. shovel ready, red china style.

Wed, 01/30/2013 - 13:06 | 3199221 Theosebes Goodfellow
Theosebes Goodfellow's picture

4chan, you crafty thunder-thief! I thought it rather smart of those industrious Chinese to fill their sinkholes with buildings! I wonder how that plan to use all those concrete trucks seen in the latter part of the video panned out. I guess that the damned thing's gotta' stop sucking up solids sooner or later...

Wed, 01/30/2013 - 14:49 | 3199573 akak
akak's picture

In China, even the ground is blobbing-up.

Talk about being consumptionalized!

Make me laugh.

Wed, 01/30/2013 - 11:57 | 3198980 Harlequin001
Harlequin001's picture

I bet that if you put all the gold that was ever mined in that hole you'd probably fill it, just.

Whereas the sinkhole that could be filled with all the paper money ever printed is probably the size of Yellowstone...

Just saying...

Wed, 01/30/2013 - 12:35 | 3199122 sdmjake
sdmjake's picture

Per this old news story, the National Money Hole is in the New Mexico desert...

http://www.theonion.com/video/in-the-know-should-the-government-stop-dumping-mon,14289/

Wed, 01/30/2013 - 11:46 | 3198934 Joe Davola
Joe Davola's picture

Fire up them concrete pumpers and fill 'er up.  Probably build a new 43 story high rise on it in the next week.

Wed, 01/30/2013 - 11:52 | 3198956 Harlequin001
Harlequin001's picture

Oh look, nature has cleared the way for another nuclear reactor.

Cool...

Wed, 01/30/2013 - 13:18 | 3199255 Matt
Matt's picture

Do you think they'll take the time to have geologists and engineers check if the sinkhole will recur?

Wed, 01/30/2013 - 14:22 | 3199471 Chief_Illiniwek
Chief_Illiniwek's picture

Those concrete pumps weren't borrowed from the Fukushima site, were they?

Wed, 01/30/2013 - 13:24 | 3199278 sgt_doom
sgt_doom's picture

Sadly, the sanitation and sewage engineering is still a mite more superior here than in China (by a long shot).

I recall a friendly argument back in the early 1990s I had with a Chinese academic who marvelled at how easily the Chinese built their houses (couple slabs of wood thrown together) while Americans insisted on building sturdy houses.

The very next next a massive earthquake in China conveniently and sadly proved my point to him.

Wed, 01/30/2013 - 13:40 | 3199335 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

Sadly, the sanitation and sewage engineering is still a mite more superior here than in China (by a long shot).

Well, c'mon, what's it take to engineer a roadside?

Wed, 01/30/2013 - 14:04 | 3199421 Never One Roach
Never One Roach's picture

2 out of the 78,000,000 empty ghost apartments gone. Bullish; reducing supply like that to boost sales/prices.

Wed, 01/30/2013 - 11:58 | 3198979 Sudden Debt
Sudden Debt's picture

It's just the bottom that fell away in the US treasury...

looks like it passed the center of the world a while ago...

 

Wed, 01/30/2013 - 14:10 | 3199442 SAT 800
SAT 800's picture

Calm, calm; remember your blood pressure.

Wed, 01/30/2013 - 15:08 | 3199671 Jeremy Roenick
Jeremy Roenick's picture

You didn't build that hole!

Thu, 01/31/2013 - 04:58 | 3201781 13thWarrior
13thWarrior's picture

Singapore liked the idea but want to test out on the auto sector first http://sg.news.yahoo.com/blogs/singaporescene/car-falls-man-made-sinkhol... .

Wed, 01/30/2013 - 11:37 | 3198876 IridiumRebel
IridiumRebel's picture

Gangzhou style!

Wed, 01/30/2013 - 11:42 | 3198912 BobPaulson
BobPaulson's picture

No, style would have been to see a 50 floor building on the site at the end of the video.

 

Wed, 01/30/2013 - 12:29 | 3199107 Bunga Bunga
Bunga Bunga's picture

There is a 50 floor building but visibility reaches only up to the third floor.

Wed, 01/30/2013 - 11:36 | 3198880 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Unless I am understanding it wrong this is a natural response like a sponge absorbing water to the excess liquidity of USD sloshing around in China (world economy in general) since it can't saturate into the economy here in the US.

Wed, 01/30/2013 - 12:35 | 3199127 NotApplicable
NotApplicable's picture

A sinkhole for every Keynesian!

Wed, 01/30/2013 - 11:43 | 3198882 metastar
metastar's picture

Whoa! Economic Sinkhole Crosses Over into Physical World.

The Bernank Money Pit.

The hole we're digging in the US has reached through the center of the earth and into China.

Wed, 01/30/2013 - 11:37 | 3198887 a growing concern
a growing concern's picture

Krugman just came.

Wed, 01/30/2013 - 12:27 | 3199097 Unprepared
Unprepared's picture

... he saw, then he came again.

Wed, 01/30/2013 - 12:30 | 3199109 Bunga Bunga
Bunga Bunga's picture

in an Alien costume?

Wed, 01/30/2013 - 13:19 | 3199262 GeezerGeek
GeezerGeek's picture

Now if only he could conquer - his ignorance.

Wed, 01/30/2013 - 13:20 | 3199263 Matt
Matt's picture

Veni, Vidi, Veni.

Wed, 01/30/2013 - 11:39 | 3198890 malikai
malikai's picture

CCTV ran this yesterday. They have a term for it here. It's called "Tofu project". The likely culprit is either a subway under construction, or something to do with the contruction plot next to the sinkhole.

Wed, 01/30/2013 - 12:07 | 3199015 MisterMousePotato
MisterMousePotato's picture

This sort of thing happens everywhere. For example, I remember watching a YouTube video of a (really nice, big old) house in San Francisco that disappeared into the ground. Burst water main or some such, iirc. My recollection is that there were dozens of such videos from all over. Really impressive one from somewhere down in South America.

One would be mistaken to view this as a purely Chinese phenomenon.

Having said, all that ... Hory shit!

You can't help but be impressed by the response, though - immediate. In California, it would take months (and millions of dollars) of studies, committees, public hearings, environmental impact reports, etc., before they filled the hole in.

Wed, 01/30/2013 - 13:21 | 3199271 GeezerGeek
GeezerGeek's picture

Florida has had its share. A few decades back one even managed to gobble up a few Porsches. It had the decency not to swallow any Ferraris or Lambos. 

Wed, 01/30/2013 - 12:07 | 3199017 XitSam
XitSam's picture

Might also be an old or poorly built sewer leaking and washing away the soil.  Or a former natural stream buried or re-directed into a drainage pipe.

Wed, 01/30/2013 - 12:11 | 3199038 alangreedspank
alangreedspank's picture

Or bad sewer/water systems that are leaking.

Wed, 01/30/2013 - 13:43 | 3199349 TheFourthStooge-ing
TheFourthStooge-ing's picture

WAARP caused the sinkhole. (Water Activated Apparatus for Reconstruction Projects).

Wed, 01/30/2013 - 14:07 | 3199430 Never One Roach
Never One Roach's picture

Might be a worn-out air raid shleter from WWII. I saw them on TV one time in a WWII documentary. They are all over southern China ...built for protection from the Japanese who were bombing them.

Wed, 01/30/2013 - 11:39 | 3198891 Dr. Engali
Dr. Engali's picture

It's going to take a bigger sinkhole than that to fix Detroit. But hey...we are America damn it! We do everything bigger and better!

Wed, 01/30/2013 - 12:38 | 3199135 Tortfeasor
Tortfeasor's picture

Didn't know you could use a sinkhole to fix a sinkhole

Wed, 01/30/2013 - 11:39 | 3198892 williambanzai7
williambanzai7's picture

I think that is the Greek budget in there.

Wed, 01/30/2013 - 11:40 | 3198897 Byte Me
Byte Me's picture

Just the local Elite selling the land from underneath the plebs.

Nothing to see (down) here.

Move along pliss

Wed, 01/30/2013 - 11:40 | 3198898 helping_friendl...
helping_friendly_book's picture

The work shown in the video would take three years to complete where I live and cost $100,000,000. The Chinese roll out and have the hole filled and family moved in 8 hours.

 

Wed, 01/30/2013 - 13:25 | 3199277 Matt
Matt's picture

A 1-meter diameter water main broke in Montreal. It would have caused some creative destruction at the university, but the damned engineering students built a retaining wall around the entrances so it didn't flood. Not only were they not paid, but as students, they were paying to do it. How do we get more people to pay to work?

 

https://www.youtube.com/watch?v=qrIhEJ2BbgE

Wed, 01/30/2013 - 11:40 | 3198899 Cognitive Dissonance
Cognitive Dissonance's picture

Silly Tyler.

That's just the new community swimming pool.

Wed, 01/30/2013 - 11:39 | 3198902 glenlloyd
glenlloyd's picture

hilarious...to watch, not so much probably for the owner.....

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