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China Unleashes Building-Gobbling Sinkhole To Spur GDP Growth
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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iHole ??
If only that would happen at Constitution Ave NW, Washington, DC.
Between 20th NW and 21st St NW...
easy way to get rid of excess home inventory. the u.s. should try it...
Hory Shit!
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...
At least the shower still works. As usual the build quality in China is still 'excellent'...
Second(s) to none so to speak...
Has the Large Hadron Collider yet again unleashed another black hole?
"Unleashes"
Uh, excuse me, but the proper term is "deployes," thank you very much.
they build buildings to fill the sink holes. shovel ready, red china style.
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...
In China, even the ground is blobbing-up.
Talk about being consumptionalized!
Make me laugh.
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...
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/
Fire up them concrete pumpers and fill 'er up. Probably build a new 43 story high rise on it in the next week.
Oh look, nature has cleared the way for another nuclear reactor.
Cool...
Do you think they'll take the time to have geologists and engineers check if the sinkhole will recur?
Those concrete pumps weren't borrowed from the Fukushima site, were they?
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.
.
Well, c'mon, what's it take to engineer a roadside?
2 out of the 78,000,000 empty ghost apartments gone. Bullish; reducing supply like that to boost sales/prices.
It's just the bottom that fell away in the US treasury...
looks like it passed the center of the world a while ago...
Calm, calm; remember your blood pressure.
You didn't build that hole!
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... .
Gangzhou style!
No, style would have been to see a 50 floor building on the site at the end of the video.
There is a 50 floor building but visibility reaches only up to the third floor.
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.
A sinkhole for every Keynesian!
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.
Krugman just came.
... he saw, then he came again.
in an Alien costume?
Now if only he could conquer - his ignorance.
Veni, Vidi, Veni.
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.
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.
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.
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.
Or bad sewer/water systems that are leaking.
WAARP caused the sinkhole. (Water Activated Apparatus for Reconstruction Projects).
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.
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!
Didn't know you could use a sinkhole to fix a sinkhole
I think that is the Greek budget in there.
Just the local Elite selling the land from underneath the plebs.
Nothing to see (down) here.
Move along pliss
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.
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
Silly Tyler.
That's just the new community swimming pool.
hilarious...to watch, not so much probably for the owner.....
Or the contractor possibly responsible for causing the sinkhole.
Don't worry, Obama put money in the Sandy bill to fix it.
China is rapidly acting to set in motion legislation to enact background checks on all sinkholes. You gotta pass the sinkhole to see what is in it.
And Feinstein is presently crafting a bill to outlaw high capacity sinkholes.
Krugman: This is bullish!
I am so grateful that China built the new Bay Bridge span.
Looks like the plan is to fill the hole up with concrete!?!
Plain ol' dirt wouldn't be as stimulative, I guess. LOL
You can't grow green shoots in plain dirt...
Why not just march a few million useless mouths into the hole and then add a concrete topping? Where's Mao when you need a truly revolutionary solution.
god damn mongorians break down my shitty wall
Fill it in and put the largest shopping mall in China on top. When that caves in put even a larger one. China is good at producing Ghost shopping Malls to create busy work.
Ghost cities and ghost malls sound like the one of biggest fuckin punks or scam. I just don't believe it. Just look at the example of squatters here taking over anything that looks unlived in. Those guys panhandling all of the intersections need someplace to go at night.
Anybody near a ghost city would have some giant WTF questions they'd be asking and any builder or developer who built one would surely catch hell and a trip to the mental ward. Talk about malinvestment and malfeasance and malarkey.
Now "Ghost Monies", now there's an idea I firmly believe in.
Lets coin that term. "Ghost Monies"
So what I am wondering now is just who are they trying to mindfuck with stories about "ghost cities" and just who is trying to do the mindfucking? Is it our western media who are the mindfuckers or is it the Chinese media/government mindfuckers? Are the mindfuckees the US and western citizens or the Chinese people? Is there anything in Chinese culture that explains or somehow gives logic to this mindfuck? Is it kind of like an April fools joke from one country to another? Is it more the equivalent to Santa Claus? Can anyone shed some light on this? Maybe it's an attempt to get all of the ghosts concentrated in one place so they can send in Bill Murray and the Ghostbusters.
sinky-sinky, 5 rollars.
That looks like bonds since Friday.
No, no, no, you presumptuous round eyes got it all wrong.
That's excavation for the new swimming pool.
Neighbor's house was in the way, but that's all fixed now.
very Fringe like......but where's the amber?
THE MATRIX IS COLLAPSING!!!!
WHERE'S THE ARCHITECT???!!!!!
At KFC, perfecting the secret recipe.
The secret ingredient is savory.
Brine the chicken and use a pressure fryer.
pot hole that JMK and FDR would be proud of fixing; if ever that dam on the Yangtze broke...Three gorges and one deep throat!
Keynesian moneyholes, more environmentally sound than burning money or flushing it into the ocean
Note to self; dont build stuff ontop of big holes.
Betcha there's a hole like that under the FED too...... right Buba?
just sayin!!....
Not exactly but growing ...
http://www.huffingtonpost.com/cherri-foytlin/bayou-corne-sinkhole_b_2487...
I like the fucking trucks at the end of the video pumping ithe hole full of freshly printed UST's.
Fuck you China and your piece of shit fake economy.
They need one of those under Fukushima.
The Sinkhole vs Godzilla. Dibs on the movie rights.
Paul, is that a Baby Ruth in your pocket or are you just happy to see me?
1/10 on the Fuki Bullishness Goldman Sachs Scale. Unimpressive. The Chinese need to work on this.
If we build it, we make GDP.
If we build it, no one come.
If we build it, we show world that we superpower.
I did a little research and these sinkholes are popping up everywhere, from cali to jersey, there was on in the bronx that swallowed a car just about a week ago, not to mention the gigantic one in Louisiana that looks as if it may eat half the state before it's done...
and that's just here in the US there were thousands of reports worldwide, to many to read. obviously, I'm not a geologist and since records of numbers of sinkholes are not keep year over year (at least not that I could find) I don't really know if this is unusual or not, though there are a few experts who seem genuinely concerned about all these holes popping up suddenly.
couple this with the extreme and down right weird weather (its 60 degrees where I live in upstate NY today, 60 in the middle of friggin winter, by tomorrow it will be 28 again for the high WTF?) , all the mass animal die offs that are still happening despite the lack of MSM attention and the Q4 GDP contraction and one is left to contemplate...
is the bottom falling out on us both figuratively and literally?
I was so disappointed by the lack of disaster 0n 12.21.2012. The market continues to its fantasy climb above 1500. Meanwhile I'm getting my faced ripped off in a short position due to my convictions but, the criminals at the FRBNY just won't let markets be free. Fuck you Bernanke!
How does one pick the brain of a PhD peasant to create new jobs and taxation?
The helical model: http://www.youtube.com/watch?v=C4V-ooITrws3MIN News January 30, 2013: http://www.youtube.com/watch?v=rTsB6w5F1uM&list=UUTiL1q9YbrVam5nP2xzFTWQ...
S0 videos are a great way to start the morning.
Based on the following Onion report I suspect this is a municipal money hole:
http://www.theonion.com/content/video/in_the_know_should_the_government
www.zirpinusa.com
C'mon, do you really have to spam that zirpi nusa link across every fucking article?
There's a potential sinkhole forming in Louisiana as well:
http://www.taofear.com/2013/01/louisana-sinkhole-explained.html
http://www.youtube.com/watch?v=wcbLvO0-huQ&feature=player_embedded
I was starting to think that China had all the cool things.
Nothing that hasn't happend in the US more than once. Walking thru most cities you can find old buildings with windows that are mostly buried and barely sticking out of the ground. Pretty cool how that happened. Be even cooler to find an area you could actually get down into that wasn't completely filled in. Might run into a mad tenant though.
That's one way to get rid of those pesky homeowners who won't sell and make room for the new high-rise.
Keep your eyes on CAT stocks.
(sorry I couldn't help it)
Gee, re-build opportunity: boost to GDP.
This is nothing compared to the stinkholes in congress, Pelosi and Feinstein
chinese owner: no, no, no, don't fill in hole. we build basement now. there is room for thirty more apartments.
That's the sucking action made by the Australian housing market (China holes go all the way to 'Australia')