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The best charts are those that need no explanation. Such as this one.
Source: Goldman Sachs
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If I'm interpreting things correctly, the pathologically-grandiose and cement-loving Chinese leadership will eventually poor enough cement to turn the globe around, flinging pathologically-self-absorbed leaders of the western world thru the air to land on their asses on a large and very hard and very vacant parking lot somewhere in the chinese wilderness, and the wobbliness of the Newly-Off-Kilter planet will be a field day for the pathologically-self-absorbed carbon-credit-afficionados.
Who's gonna win the circus...
It is in fact possible -- with pathologically Self-Absorbed minds left unchecked -- to create a scenario where no one does.
Aloha!
http://www.amazon.com/Aloha-A-Novel-Near-Future/dp/0671870238
synopsis:
As a grim naturalistic view of a near-apocalyptic world in the 21st century following an undefined "crash," this story details the entrepreneurial antics of the Crawford brothers, Frank and Tod, who are the remnants of a nuclear munitions dynasty. Frank's latest aggrandizing scheme is the come-hell-or-high-water creation of an island paradise by activating a submerged oceanic volcano with explosives...
Re: facebook
...if only there were a "short ten minutes after going public" order I could sleep in.
People forget the value of real estate in China. Just land alone in Beijing was worth about $20 trillion last year. So total value of real estate in China easily exceeds $150 trillion.
in 1989, the total value of real estate in China may heve been about $1 trillion or so.
Consequently, spending on cement is very high even on a per capita basis.
This real estate bubble must be managed or the entire economy collapses.
Munger thinks their communist leadership has been awesome. He wishes US had same power to control markets. Can you imagine if we had that much concrete usage> Any excess can just be removed which of course is stimulative. The jobs the glorous jobs.
Can't eat cement................
One would hope not but they did figure out how to add plastic to the rice so who knows??
'Let them eat cement'
You can if you keep stirring it.
You would think Iran would be up there past China! After all, President Romeny is going to bomb the living bejesus out of them Muslim terrorist Iranians as soon as he takes the helm. He stands with Israel and the surrender monkey Obama is selling out and paling around with terrorists.
If Iranians know what is good for them, they will surrender to Romeny after he wins in a landslide. I expect the Carrier Air groups to be launching and the Navy Cruise missiles launching by the hundreds within hours of the Romeny inaguration. "This threat to our allie Israel will not stand".
Romeny is no surrender monkey, he is not a muslim and he is not a Kenyan citizen. So Iranians should stand on notice their days are numbered.
USA! USA! USA!
Obomney or Robama..flip a coin..the corporations and banks will still run the country.
Ron Paul is the answer.
The problem is that only 20% of the population knows the question. The rest of the idiot sheeple deserve what they get.
I prefer liberty with danger than peace with slavery.
anyone heard from Truthinsunshine lately? I truly liked his posts although last I saw he was shorting treasuries hard.
I'm curious.... when we blow up a country and then have to rebuild it, does that concrete show up under USA or does it get logged for said country? I bet our tax payer dollars buys way more than that chart claims.
No bubble to see there....Move along.....COMPLETELY sustainable.....
The Wall Street Ranter
Considering the quality of Chinese construction and the overwhelming birthrate of minorities in America. Both China and the USA should look like the History Channel's Life After People at about the same point in 20 years.
WE HAVE SO MUCH TO LOOK FORWARD TO!!!!!
Meanwhile from the Legion of Doom:
I just saw an ad to win dinner with Barrack on ZH. GOD WOULD I LOVE SOMEONE FROM THIS SITE TO WIN THAT, apart from RoboTrader of course.
Hello Barrack for the next three hours I'm going to ream you a new asshole and single-handily disprove every single thing you believe to be right. Of course his brain is actually too small to comprehend anything. You can't blame a retard for hitting themselves in the head with a bottle repeatedly.
I red arrowed you 'cause threatening the prez might just get u a full-paid pass @ G*tmo.
How on earth does this chart indicate a Chinese bubble? So China has a lot of catching up to do on infrastructure... and they're flush with enough fiat to do it. Even the amerikan industrial revolution took like 100 years before it stalled... how exactly is it different in China's case?
I have to agree with the Saudia Arabia plot on that graph... they're pretty much screwed.
I love a chart with no units
residential real estate in china is, at construction cost, valued at 350% OF gdp=ONE OF THE BIGGEST real estae bubbles of all time-Jim Chanos
That chart looks like the flight path of Kim Jong-il's last rocket launch.
So, when's the impact and explosion going to happen?
Asian markets are imploding tonight. Europe will continue the rut tomorrow and then .. FB getting monkey hammered because nobody is buying this turd of a stock. They're gonna have to run the HFTs in hyper mode just to stem the tide. And Zuck thinks he's a billionaire by the weekend..
Zuck: "What do you mean you couldn't sell any of my shares? I saw all that volume!"
What the hell are they building in Saudi?
IMHO,
It looks as if the Saudis (and the Persians) are re-buliding Exeter's Pyramid underground.
FWIW
Huge assed Towers of Bubble:
http://www.biggerpockets.com/renewsblog/2008/03/31/introducing-the-worlds-tallest-building-mile-high-tower-in-saudi-arabia/
That wormhole contraption as seen in the movie Contact? Since their biggest field (Ghawar) is going to run out of oil eventually, they need to figure how to get some from somewhere else before the money well runs dry.
Desperately trying to avoid this. VVVVVVVVVVVVV
Saudi proverb. "My father rode a camel. I drive a car. My son flies a jet airplane. His son will ride a camel."
lol, the OTHER bubble, nuclear bunkers and five star hotels for kingly brothels.
I didn't know iPads were concrete
Or that bubbles were made of concrete ... great visual for you
or a new terracotta army.
rare earths.
its what's for imbalance.
Silkroads
WB7,
Shared a pic of yours on FB earlier today (before the IPO, sorry).
But: Is concrete not a necessary nutrient? How much is in subsidised school lunch programs? Inquiring minds wanna know!
I never would have thought watching the world burn down was so hilariously funny before u & TD!
Is 'Fight Club' a work of humor? Just askin'.
i guess u use a lot of concrete if you have a lot of sand => saudi arabia
sand's not the active ingredient, the working part called cement would have to be imported from a mined mountain site,
sand and water only make beach
So, if it rained in Saudi, you would't get one big CA freeway?
Japan is conspicuous by its absence. Has it jumped clear off the chart?
I was wondering the same thing.
I guess the earthquake skewed things a bit so they excluded it.
Speaking of concrete use. Here's an idea (from back in the 1950's) that could possibly save America's ass. I would bet not many hear ever heard of it. My father in law was an engineer who worked with a man named Parsons in CA back then who's company not only came up with this idea but paid for all the studies and research and even presented it to the congress. And guess what? Those dumb ass politicians were too stupid to get it. Check it out - I think you'll find it interesting. http://en.wikipedia.org/wiki/North_American_Water_and_Power_Alliance
I would bet not many hear ever heard of it
************
I have heard of it and remember reading of the pathway it would take-which is on the east side of the Rockies as far out as the plains-there is a deep natural " old river valley" that runs north to south and into Montana-
The thing was-it was not Canadian water-only the trough it would have run through and I'm sure the Canadian farmers along the way wouldn't have minded a large water supply for irrigation-not to mention recreation etc.
The water would have had benefits for both countries--but the greens won-
I hold out hope there are good guys out there with enough brains/cash/cajones to fight (and win) against the evil squids. If not, nothing changes. If so, we've got a good fight on our hands.
The data is iffy:
2011 Australian Nominal GDP $1.5074 trillion USD
(was just $1,060.7 USD in 2008) Source: Dept foreign Affairs and Trade
2011 Australian Population = 22,908,287 (as of May 18 2012) Source: ABS http://www.abs.gov.au
So Nominal GDP per capita in 2011 in USD was at a minimum, at least = $65,802 USD
ABS reported it as $66,984 USD, in 2011
Whilst GDP per capita (PPP) in USD during 2011 is given by ABS = $40,836 USD.
So this graph may show the trend and huge outliers but the data is loose and/or out of date.
In other words, it should more clearly show that Australia was likewise indulging bubble-ism during 2011.
Which should not be at all surprising given China's bubble and the record level of foreign investent in Australian commodities.
Buy you books and send you to school and all you do is eat the covers off of them.
A chart without units or without labeled axis is worthless.
i haven't produced a chart for money in more than 30 years now and what the chart is graphing is pretty obvious. growth is in the emerging markets. decline is in the mature markets. or, standard of living is rising in the emerging markets. standard of living is declining in the mature, uh, ahem, first world markets.
First, the chart is about cement consumption...not production.
Second, cement is used to make concrete or to make precast concrete products.
Third, many countries that lack timber have always used more cement per capita than we have here in the U.S. For example, many counties have concrete telephone poles versus only wood ones in the U.S.
Some countries use more asphalt when building roads....others lack that and useconcrete.
.......the bottom line, this chart doesn't mean much.
China should still look closer to South Korea, Japan, Thailand, Vietnam, etc with similar climate and natural resources.
All the electrical cables in new Chinese cities and development are underground.
Perhaps I can offer a possible explanation. If you type "manicured lawn" into Google Translator for Arabic it comes up "Portland Cement". Apparently the Saudis have found it takes a pastel enamel better than the native sand, and holds up better to windstorms.
As for China, type in "baby formula" in Google Putongua, and you get the same result: Portland Cement. Besides being full of minerals, it also puts a stop to infant diarrhea or the green apple quickies. It is literally the building block of a strong body.
It is also possible that there are copious amounts of cement involved in the traditional Chinese cultural practice of "blobbing". I don't know for sure, but fortunately Zerohedge has an expert who can enlighten us.
way2get cosmic, cosimo!
nice for a newbie (or anyone) & welcome!
Talk about grasping at straws.
Another conclusion is that China is growing and has been growing for decades at a crazy pace as it makes just about everything for most of the world, it has a massive need for concrete.
Ya need lots of concrete to make all the roads, highways, bridges, overpasses, buildings, factories, dormitories, ports, airports, rail etc
Almost everything is made of concrete in China.
Having visited about 200 small medium and large sized cities in China, it is apparent every structure that used to exist has been torn down and replaced with a concrete structure.
Bottom line they use lots of concrete to build infrastructure, and places to live and work.
It is a much better investment than the US with its "investment" into Social Security or its Military Industrial Complex.
Conclusion China invested more wisely than the west.
China invested more wisely? Have you actually lived in any of those concrete apartment buildings? The construction is so shoddy few would last for more than 20 years or be pleasant to live by then. None are earthquake proof or have insulation. In 20 years these buildings are going to look like the buildings that were built 20 years ago: ghetto, leaky concrete slums. The best part is since they were all built in the same time period, the maintenance costs are going to be bitch in 20 years when repairs are needed. China better pray it's still chugging along at 8% growth and have cheap labor by then.
Urban planning in China is an absolute disaster. You have blocks and blocks of dense gated apartment buildings (xiaoqu = "little community') with no secondary roads, all linked to one giant 8 lane primary road. It's incredibly dystopic. Think of the cul-de-sac in the US and now put 100x more people in one of them and have 50 of these xiaoqu feeding into one main road with everyone trying to get on the main road since there are no alternative roads. FAIL.
silverdragon, if you think China is so awesome and brilliant, why isn't your butt back in China where the opportunity is? I hate little nationalistic punks like you who live in the US and wank off to penis contests over a country that you've already left and where you would be one of a billion anonymous sweatshop peasants if you had stayed.
I've had similar thoughts about Chinese apartment buildings. I lived in a block in Beijing that I thought was 10-15 years old. Then a neighbor told me it was 3 years old & I remembered seeing the construction site on a previous trip.
& transport will be a huge problem for some of the out-of-town complexes I've seen.
(But insulting people on - or off - line is a bit pointless really... )
Way too many people put their personal dislike for the Chinese above rational thought. Hey if ya don't like em so be it, if their prosperity makes people feel inadequate, call it what it is.
Surely some are actually interested in understanding reality, especially to navigate these turbulent times.
Isn't this what this site is about, us all trying to work out what the f*ck is going on?
There's no dislike of the Chinese, there's a dislike of Wumaos who spew blatant propaganda bullshit and get overly sensitive ("hurt the feelings of the Chinese people") to any article about China that might be slightly critical or objective. If I wanted to read government talking points, I'd just go read Xinhua.
Interesting chart if only for the fact that all of the PIIGS are above the curve......what is the curve? The mean? Average?
Guinea,
I am here in China. Live here, work here experiencing the explosive growth first hand.
I guess I struck a nerve with the, "if their prosperity makes people feel inadequate, call it what it is" Sorry about that.
Yep mate lived in those apartments in many different cities, visited businesses, companies etc stayed in hotels of every level. The quality is fine.
Way too much emotion in your post, did a Chinese guy take your girlfriend away from you?
Bull fucking shit.
www.targetmap.com/viewer.aspx?reportId=3073
Yes, but where is Jimmy Hoffa?
Guinea,
"Way too much emotion in your post, did a Chinese guy take your girlfriend away from you?"
Say it aint so! Did he offer her a new shiny iphone? Was that what made you hate them?
My problem with people like you is that others that are trying to understand China may read your nonesense and end up further away from reality.
But hey, that may be your job.
As a poster above noted, this is a Consumption chart not a Production chart.
On several occasions in the 90's we could not get concrete for highrise pours, the price sky rocketed as the Chinese were buying all the Portland cement for the Huge Ass damn, there's a lot of US/EU/AUS/S.A. in that damn project, a lot of cash was spent, same with the Saudis i expect, impoted cement. All concrete is not created equal,the treatment of the rebar is also Very important (Google, Spalling).
http://www.scientificamerican.com/article.cfm?id=chinas-three-gorges-dam-disaster
I wont bother linking videos of empty Chinese cities or studies proving that unoccupied buildings DECAY at a massively faster rate than occupied buildings.
Next time youre passing a concrete structure or three, take a closer look, many are Patched up on a regular basis,shit drops off and squashes things,daily.
All construction companys were not created equally either, the Romans,however, had that shit Down.
http://www.youtube.com/watch?v=lCRIsjJFRNo
good post. put it up 3 times, i don't care
look: slewie wants to build a house; slewie learns about cement and concrete; this is (partially) why we have licenses and unions in these areas--they know how to do it right, right? once you start learning about this, it is pretty cool...
i've spoken to contractors who have worked onLawreneceLivermoreLabs which, locally is right about on top of heHaYwardFault, btw, about the engineering and the concrete strength sampling and testing during the cures (28 days to cure concrete to full strength for final strength testing, if necessary)
now you hafta keep this liquid rock MOIST while it CURES b/c it doesn't dry: it CURES, by ABSORBING water @ the anhydrous [without water] chemical locus
so, in the arabianDesert areas, if the concrete isn't protected from drying out by evaporation and kept "hydrous", it ain't gonna test out as well as it might, after "28 days to full strength cure, even for 3-bag" when it is allowed to "take on water" for chem-bondings for the whole time
the ironworkers know how to tie the iron, too! trust me!
but you've got areas where these kinda expensive controls aren't economic (china-to-bossHogg,usa; and everywhere in between)
also, acid rain weakens the chemical bonds of the anhydrousWhoosiewhatsus which is a "base"; so places that burn a lotta sulphurous coal with power production/heavy industry and cut a 4-bag (ofPortlandCement) yard to a 1.5-bag yard aren't gonna do too well for too long
but, we all learn from our mistakes!
As a poster above noted, this is a Consumption chart not a Production chart.
On several occasions in the 90's we could not get concrete for highrise pours, the price sky rocketed as the Chinese were buying all the Portland cement for the Huge Ass damn, there's a lot of US/EU/AUS/S.A. in that damn project, a lot of cash was spent, same with the Saudis i expect, impoted cement. All concrete is not created equal,the treatment of the rebar is also Very important (Google, Spalling).
http://www.scientificamerican.com/article.cfm?id=chinas-three-gorges-dam-disaster
I wont bother linking videos of empty Chinese cities or studies proving that unoccupied buildings DECAY at a massively faster rate than occupied buildings.
Next time youre passing a concrete structure or three, take a closer look, many are Patched up on a regular basis,shit drops off and squashes things,daily.
All construction companys were not created equally either, the Romans,however, had that shit Down.
http://www.youtube.com/watch?v=lCRIsjJFRNo
Michael,
The Chinese aren't really a warrior nation. Not like England who will turn up to any war for pretty much any reason. Or like the US with a military presence in most countries. The Chinese just wanna get ahead. A couple of decades ago they were all broke, had nothing. Making a buck and supporting the extended family is number one priority for most of them.
China will do its best to avoid conflict but has probably noted that the US struggles when enemies use asymmetric warfare againt them, as the US didn't do so well against it in Vietnam, Iraq and Afganistan. Never really mastered the "hearts and minds' thing.
Didn't Napoleon say something about not kicking sleeping giants in the nuts while they are asleep, dreaming of a nice bowl of noodles.
"The Chinese aren't really a warrior nation."
China's feudal history and thousands upon thousands of Kung Fu movies say otherwise.
So.... Tanzania is a good place to invest in real estate...
indeed it is with a population growth rate of 2.9%.
Dar and Arusha are the two main cities to invest.
However, government can always expropriate you as happened to some of my coffee farm friends.
hey, brother rat_scam!
mmm...coffee...
...and gold?
certain of the "gold self-protection" leadership has been moping around there, too
China needs cement.
Why are you talking to yourself so much, Michael?
Anyway, love concrete. One of my rare 10 baggers was Puerto Rican Cement - provoked howls of laugher from everyone I told about it!
Good to see Tanzania on the chart - looks like Sinclair is pumping things up!
Peak cement, bitchez!
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Turkey, Spain, Egypt, Ireland and Greece seem like they may face with a housing buble.
No bubble in the hooker market. I guess theose college grads can start a new bubble and keep the BLS numebrs rolling. More jobs created.
....So in an effort to establish contingency for the Japanese people in closest proximity to the fray, authorities are considering potentially relocating tens of millions of Japanese people to the Kuril Islands, which are located in Russia's Sakhalin Oblast region, or potentially even to China, where hundreds of uninhabited "ghost town" cities with no apparent use could house at least 64 million refugees. If this relocation were to occur, Japan would largely become a barren wasteland.http://www.naturalnews.com/035894_Fukushima_evacuation_radiation.htmlUnfair comparison, concrete doesn't absorb radar.
Looks similar to the CO2 production per capita chart for Australia.
Put some context into the charts that account for the fucking shifts in industry that account for globalization you sensationlist wankers.
OMFG #Permabeargasmalert!
ZH was originally a bullshit filter and it now needs that same filter applied to its posts in reverse.
To all the haters - fuck you