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Perspectives on the global economic changes

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TSJones
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Re: Perspectives on the global economic changes

Postby TSJones » 31 Jan 2017 23:39

Neshant wrote:The so called surplus is a myth since American companies operating out of India largely absorbs the profits of any exports to the US. If anything, India runs a deficit against the US in trade since there is a lot of products thats are in demand from the US but little other than "services" and computer coolie related work that India can export.

With Trump, the services part is going to take a beating.

In that sense India is different from China which pursues largely mercantilist trading policies of running huge surpluses year after year.


the swiss are rich.......why is that?

because of the SERVICES they offer.

case closed,

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Re: Perspectives on the global economic changes

Postby Neshant » 01 Feb 2017 10:25

The "services" the swiss offer are banking scams like money laundering.

That's what their economy was built on.

....that and chocolates.

Though i suspect the chocolate factories were funded by the former.

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Re: Perspectives on the global economic changes

Postby KrishnaK » 02 Feb 2017 05:08

Austin wrote:
amritk wrote:Austin, to a certain extent, yes. We'll be able to afford US supply chain products more easily. But your point is taken and I don't know the full answer. Gold? J.

If a series of crazy politicians were to damage Brand USA, USD could drop.


No Worries , Its not about Gold or any thing but the way GDP is calculated , My limited point was just because we USD becomes weak 2x times we wont be getting rich 2x times and vice verse is also true ....So GDP Nominal is just a paper thing

There is perhaps no way to accurately calculate GDP , May be GDP by PPP is something to think about
GDP is calculated in local currency. That remains the same no matter what happens to other currencies. USD numbers make sense to compare different countries - i guess since USD is the most use currency and is pretty stable. if it went down by 50%, another one can be used instead. It makes a lot of sense since most people use it as a metric to compare say - China, India, Pak. Their ratios will remain the same no matter what the USD does, if all other things remain the same. For example, Indian budget is roughly as big as Pakistan's GDP, and China's about as much as India's GDP.

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Re: Perspectives on the global economic changes

Postby Neshant » 02 Feb 2017 10:23

Austin wrote:As some one said it on a Debate , If MSM , Wall Street , Big Bankers and Industry is opposing you then you must be doing something right.


A great deal of the (corporate) media has been mobilized against him. So he's definitely doing something right.

But he does seem somewhat of a loose cannon.

If he had not stacked his cabinet with ex-Goldman Sachs goons, I would have guessed his next move would have been against the banksters.

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Re: Perspectives on the global economic changes

Postby Neshant » 02 Feb 2017 11:24

Gadaffi ended up dead for extending the hand of friendship to Europe and his country's wealth stolen.

Image

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Re: Perspectives on the global economic changes

Postby Austin » 02 Feb 2017 11:47

Neshant wrote:
Austin wrote:As some one said it on a Debate , If MSM , Wall Street , Big Bankers and Industry is opposing you then you must be doing something right.


A great deal of the (corporate) media has been mobilized against him. So he's definitely doing something right.

But he does seem somewhat of a loose cannon.

If he had not stacked his cabinet with ex-Goldman Sachs goons, I would have guessed his next move would have been against the banksters.


Yes he can be a loose cannon but he has formed a good team , His team is much better than he is so hopefully he will get a good advice , He has a single minded focus of bring jobs back to US the rest he really does not care much and will leave his team to manage as long as he gets his primary job done.

I suspect his game of one upmanship with China is just posturing to get a good bargain , Neither US nor China can afford a trade war its sort of kicking in the MAD switch.

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Re: Perspectives on the global economic changes

Postby Austin » 02 Feb 2017 11:49

Neshant wrote:Gadaffi ended up dead for extending the hand of friendship to Europe and his country's wealth stolen.

Image


Indeed he was naive enough to trust UKstand which first defanged him removing all BM from his country then then went for the kill via Colour Revolution , Although he as not at all hostile to EU/West but I think they did it on behalf of Saudi.

Gadaffi used to openly abuse the Saudi king in OPEC/OIC meeting etc in presense of all the Ummah head of state including the Saudi King himself

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Re: Perspectives on the global economic changes

Postby Neshant » 02 Feb 2017 12:07

Austin wrote:He has a single minded focus of bring jobs back to US


True dat.

Indian companies outsourcing jobs in the US are about to get slammed.

----

Leaked Executive Order Reveals Trump's Plans For H-1B Visas

Image

Back in March 2016, Trump trashed the current H-1B visa system, saying "The H-1B program is neither high-skilled nor immigration; these are temporary foreign workers, imported from abroad, for the explicit purpose of substituting for American workers at lower pay."

Now, a draft of a new Trump executive order related to the issuance of H-1B visas, viewed by Axios, reportedly directs the Secretary of Homeland Security to consider ways to "make the process of H-1B allocation more efficient and ensure the beneficiaries of the program are the best and the brightest."

While that directive could be accomplished in a variety of ways, one likely solution would be to replace the current lottery system with one that prioritizes visas for those earning the highest salaries. And while such a solution will have wide-ranging impacts on various companies and industries seeking foreign workers, one key takeaway is that it will pit India's large IT-staffing firms against Silicon Valley's tech giants.

Per the graphic below, large Indian consulting firms are by far the largest users of the H-1B visa program. That said, most of the jobs created by those companies tend to have lower salaries than those created by the likes of Microsoft, Google and Facebook.


http://www.zerohedge.com/news/2017-02-0 ... h-1b-visas

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Re: Perspectives on the global economic changes

Postby Singha » 02 Feb 2017 13:01

while the swiss do take a tidy tithe % for being the custodian of the wealth of the high and mighty, do not underestimate them..they are not pushovers

tourism is a big money spinner - swiss tourism is expensive too - the govt pays land owners to mow those alpine meadows to guarantee the tfta look

they are big into pharma r&d and production - novartis and roche https://en.wikipedia.org/wiki/Pharmaceu ... witzerland

Nestle is swiss

exporting chocolates

they are big on precision machinery and craftsmanship (like the japanese) and thats the base of their watch industry

ABB is swiss

https://en.wikipedia.org/wiki/List_of_S ... by_revenue

they have far more globally recognized brands than india at this juncture in the continium

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Re: Perspectives on the global economic changes

Postby Neshant » 02 Feb 2017 13:10

A lot of it was built with corruption money.

That start long before they piled up Nazi gold & other WWII heists.

From drug lords to 3rd world corrupt dictators, anyone sitting on a pot of ill-begotten money compounding over time will be doing quite well for themselves.

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Re: Perspectives on the global economic changes

Postby TSJones » 02 Feb 2017 16:34

nice article on the intangible wealth of swiss.

http://www.avenir-suisse.ch/en/25837/sw ... ond-money/

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Re: Perspectives on the global economic changes

Postby Singha » 02 Feb 2017 16:48

it sounds like what a idealized panchayati raj / mohalla sabha thing would be.

ETH zurich is one of the top technical univs in world and they have a couple of well rated management institutes also I believe.

IBM has its center for theoritical comp sc in zurich also iirc. "deep thinkers" proliferate in such digs.

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Re: Perspectives on the global economic changes

Postby Austin » 02 Feb 2017 18:26

Neshant wrote:
Austin wrote:He has a single minded focus of bring jobs back to US


True dat.

Indian companies outsourcing jobs in the US are about to get slammed.

----

Leaked Executive Order Reveals Trump's Plans For H-1B Visas

Image

Back in March 2016, Trump trashed the current H-1B visa system, saying "The H-1B program is neither high-skilled nor immigration; these are temporary foreign workers, imported from abroad, for the explicit purpose of substituting for American workers at lower pay."

Now, a draft of a new Trump executive order related to the issuance of H-1B visas, viewed by Axios, reportedly directs the Secretary of Homeland Security to consider ways to "make the process of H-1B allocation more efficient and ensure the beneficiaries of the program are the best and the brightest."

While that directive could be accomplished in a variety of ways, one likely solution would be to replace the current lottery system with one that prioritizes visas for those earning the highest salaries. And while such a solution will have wide-ranging impacts on various companies and industries seeking foreign workers, one key takeaway is that it will pit India's large IT-staffing firms against Silicon Valley's tech giants.

Per the graphic below, large Indian consulting firms are by far the largest users of the H-1B visa program. That said, most of the jobs created by those companies tend to have lower salaries than those created by the likes of Microsoft, Google and Facebook.


http://www.zerohedge.com/news/2017-02-0 ... h-1b-visas


These things are bound to happen sooner or later , Eventually only the most skilled highly paid Indian worker ( or from other country ) would be getting into US once some of these H1B restriction/rules comes into place , H1B is any way a sort of scam and I know of few companies in Hyderabad that had specialised into this scam , a lot of them are also genuine folks out there.

What we should be doing is to see how we use Made In India Sofware and Applications locally in what is certainly a growing Internal Demand for the next 20 years as our economy grows by an averange of 6-7 % during the next 20 years or so may be higher who know. That would negate the need to run to US or other places and we can generate huge jobs locally with Indian skilled workers.

I would take this as an opportunity for India and Indian companies , what DT is doing is good for his country and what we must do is what is good for ours

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Re: Perspectives on the global economic changes

Postby Neshant » 02 Feb 2017 19:53

Unfortunately Indias domestic market is quite small. There is no way to absorbs hoards of programmers as there is insufficient demand from industry for them.

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Re: Perspectives on the global economic changes

Postby Austin » 02 Feb 2017 21:00

Neshant wrote:Unfortunately Indias domestic market is quite small. There is no way to absorbs hoards of programmers as there is insufficient demand from industry for them.


That is the job of Indian leadership to see how to develop the small domestic market into something big that can accomodate most of our IT talent pool worker , We cannot depend on good will of other nations in perpetuity for our development. That just does not apply to SW.

As I see it about 10 years back there used to be lot of call center in India and now a lot of these have moved to Philippines and other places , I know this personally as one of my friend was looking for a job in one of these call centers and the best sal they offer today is 25K which nfew year back would have paid 40-50K , the centers has drastically reduced over years affecting them.

Any way coming back to our topic I was watching Narayan Murthy interview few minutes back and when asked about new H1B policy he mentioned that this is not a threat but a challenge and that Indian companies should move to multicultarism which means hiring US workers and hiring people from colleges , he said this would be tough and Indian companies tends to look the easy way out hence the panic.

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Re: Perspectives on the global economic changes

Postby Austin » 02 Feb 2017 21:06

Coming back to DT and I am not sure if this is the right thread to discuss , from what I see he is intching towards attacking Iran at behest of Israel , All the tell tale sign indicates the right wing party in Israel led by Netanyahu always wanted US to attack Iran but Obama successfully resisted the temptation and signed the Nuclear deal with Iran.

Now DT strongly opposes the deal and Israel is more than happy to oblige , This will be GWB moment for DT where the former attacked Iraq and bought entire AQ and later IS mess to West Asia and ruined the country , I hope I am wrong but DT is better off focussing on his country and his economy then being tempted by Israel due to his strong ideological alliance with Netanyahu

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Re: Perspectives on the global economic changes

Postby vinod » 02 Feb 2017 21:35

Austin wrote:
Neshant wrote:Unfortunately Indias domestic market is quite small. There is no way to absorbs hoards of programmers as there is insufficient demand from industry for them.


That is the job of Indian leadership to see how to develop the small domestic market into something big that can accomodate most of our IT talent pool worker , We cannot depend on good will of other nations in perpetuity for our development. That just does not apply to SW.

As I see it about 10 years back there used to be lot of call center in India and now a lot of these have moved to Philippines and other places , I know this personally as one of my friend was looking for a job in one of these call centers and the best sal they offer today is 25K which nfew year back would have paid 40-50K , the centers has drastically reduced over years affecting them.

Any way coming back to our topic I was watching Narayan Murthy interview few minutes back and when asked about new H1B policy he mentioned that this is not a threat but a challenge and that Indian companies should move to multicultarism which means hiring US workers and hiring people from colleges , he said this would be tough and Indian companies tends to look the easy way out hence the panic.


Of course, its a challenge. I remember in the 90s when Kerala Left Govt was thinking of computerisation, there was large scale tussle between open source Linux and Microsoft windows. Eventually, Microsoft got their way in the usual corporate way.
All Indian govt has to have is good technical vision and work towards that by replacing US software products. The programmers returning can easily be absorbed to do this nation building exercise. There will be all nay sayers whose sole plan to scuttle these, but the leadership has to be steadfast in this.

Having said that, DT is new AK of the US. So, after the initial bluster, when the cost start adding up... he will slowly give way.

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Re: Perspectives on the global economic changes

Postby Austin » 04 Feb 2017 23:12

David Stockman: We are heading into an absolute fiscal bloodbath


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Re: Perspectives on the global economic changes

Postby Neshant » 05 Feb 2017 05:34

^^ Banksters from 2008 did a fine job of getting the US to spend trillions for "stimulus" aka their bailouts & bonuses.

Now they want the rest of society to pay for it by tightening belts.

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Re: Perspectives on the global economic changes

Postby Austin » 05 Feb 2017 16:00

Neshant wrote:^^ Banksters from 2008 did a fine job of getting the US to spend trillions for "stimulus" aka their bailouts & bonuses.

Now they want the rest of society to pay for it by tightening belts.


They must of have scared BHO that if they dont get a bail out every thing will fall apart and people would be out on streets with Pitchfork ,BHO had little experience in Finance or Politics he was just a townhall community worker elevated to post of president , He simply gave up to bankers diktat with rest of Senate & Congress.

2008 was as much of a Leadership Crisis as much as it was a Banking One. It is only when the Tide Goes Low that we know who is Swimming Naked

We know now from wikileaks that BHO was a Wall Street Guy disguised as Community Worker , His cabinet in 2008 was selected by WS

Citigroup chose Obama’s 2008 cabinet, WikiLeaks document reveals

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Re: Perspectives on the global economic changes

Postby A_Gupta » 05 Feb 2017 23:15

NAFTA in North American manufacturing.
https://www.bloomberg.com/graphics/2017 ... ply-chain/

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Re: Perspectives on the global economic changes

Postby A_Gupta » 05 Feb 2017 23:19

Austin wrote:
We know now from wikileaks that BHO was a Wall Street Guy disguised as Community Worker , His cabinet in 2008 was selected by WS

Citigroup chose Obama’s 2008 cabinet, WikiLeaks document reveals


To quote from that thread:
I'm with you on the revolving door part, as it is typical for Washington advisors to have a background in related fields and to return to the private sector after the administration they serve leaves office, but I'm not sure it's always nefarious. Unless there's evidence that he was acting in Citibank's interests when he was a member of the transition team or that he had some form of veto power, this appears to be a case of a former Treasury official advising an old classmate turned Presidential nominee on economic policy, and not some smoking gun pointing toward corporate collusion.

There's no new insight here that you can't already garner from the Wikipedia article you linked to, so my point is not that there isn't a connection between corporate interests and government, but that this particular leak isn't really valuable evidence toward that claim. Now, if the email contained suggestions on Cabinet candidates with explicit value to the banking industry, I could see where you're coming from. I don't really have a dog in this fight, I just think it's a bit sensationalist to suggest that a bank chose the cabinet based on this particular leak.

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Re: Perspectives on the global economic changes

Postby Austin » 06 Feb 2017 10:58

Post 2008 decision taken by Obama showed that these decision were taken on behalf of banks to serve the interest of banks "For the Banks Of the Banks , By the Banks" , So instead of allowing the errant banks to fail , Instead the Obama administration guided by bankers bailed out the Wall Street at the expense of Main Street & Public

Should the Big Wall Street Banks Have Been Allowed to Fail?

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Re: Perspectives on the global economic changes

Postby A_Gupta » 07 Feb 2017 00:30

http://equitablegrowth.org/equitablog/w ... est-rates/
What’s behind the decline in U.S. interest rates?
Using their model, Eggertsson, Mehrotra, and Robbins decompose the roughly 4 percent decline in the natural rate of interest since 1970. These factors all affect either the supply of savings or the demand for loans. The changes in the supply and demand end up changing the price of savings and the price of loans—the interest rate. They find four large forces that have affected the natural rate during the 45-year period: three that pushed the rate down and one that pushed it upward.

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Re: Perspectives on the global economic changes

Postby Neshant » 07 Feb 2017 09:36

There is a big backlash against anyone Muzzlim in North America led by disgruntal goras occupying the lower rungs of the economic strata. The combination of South Koreans outsourcing hi-tech jobs & cars, Bharath oursourcing lo-tech jobs, Cinis outsourcing manufacturing jobs and their own banksters ripping them off big time has led to poverty for many.

Most don't realize their own GAUment has been funding & arming many overseas terrorists groups for geopolitical goals and are taking out their frustrations on the muzzies.

All Indians should be careful. The average gora cannot distinguish Indian from PHACKistanis, Sikhs from Muzzlims or Arabs from a hole in the ground.

And we aren't even in an economic crash yet. Things are going to get ugly.

Melwyn

Re: Perspectives on the global economic changes

Postby Melwyn » 07 Feb 2017 10:07

^ Isn't that what DT referred to when he said "Do you think our country is so innocent?" in a Fox interview.

In a way I feel that DT represents what massa truly is, no more hiding behind the burka of "moral superiority" and other kool-aid.

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Re: Perspectives on the global economic changes

Postby Austin » 07 Feb 2017 10:59

Neshant wrote:And we aren't even in an economic crash yet. Things are going to get ugly.


Do you expect post crash the call to have more jobs for American and no to offshoring would just grow ?

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Re: Perspectives on the global economic changes

Postby Neshant » 07 Feb 2017 11:35

It will more than grow, it will be banned outright.

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Re: Perspectives on the global economic changes

Postby kit » 07 Feb 2017 11:45

Neshant wrote:It will more than grow, it will be banned outright.


If worst comes with a complete on Indian it outsourcing from US .. how much will that affect the Indian economy ..and what options does India have other than

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Re: Perspectives on the global economic changes

Postby Neshant » 07 Feb 2017 12:10

The situation would get ugly and fast. Protectionism would be the only response.

Bharath would respond by closing off its markets to US companies involved in consumer products from autos to cell phones - preserving the lion share of that market for local companies first and foremost and companies from countries with reciprocal trade.

From Apple to GM, from Google to Ebay to Microsoft - all will get stringent conditions on 100% local manufacturing of all components & equipment or get shown the door if they refused. For the most part, the core business of these companies these days are considered medium tech, not high tech. So there isn't an issue finding or developing alternatives to their products even if its a cheap knockoff.

That would trigger a trade war with America with India coming off second best. Naat something to look forward to!

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Re: Perspectives on the global economic changes

Postby Austin » 07 Feb 2017 14:29

Trump used to say 45 millions in US are on food stamp and 90 million are jobless , so any crash would mean more people on food stamp and lesser jobs , all the more reason he would resort to protectionism , I mean who wouldnt in such a situation.

I think countries like India and China would look to more internal growth , its an opportunity for them to speed up.

I had this question if 45 millions or say 40 million on US are on food stamp , that just takes care of their basic need , what about electricity bill , house rent and other daily chores how do they cope with that ?

The remaining 40 million of the 90 million who are not on food stamp how do they cope up with daily life ?

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Re: Perspectives on the global economic changes

Postby Austin » 07 Feb 2017 17:12

Neshant , Panduranghari read the whole interview

Economist-mathematician Nassim Nicholas Taleb contends that there is a global riot against pseudo-experts

After predicting the 2008 economic crisis, the Brexit vote, the U.S. presidential election and other events correctly, Nassim Nicholas Taleb, author of the Incerto series on global uncertainties, which includes The Black Swan: The Impact of the Highly Improbable, is seen as something of a maverick and an oracle. Equally, the economist-mathematician has been criticised for advocating a “dumbing down” of the economic system, and his reasoning for U.S. President Donald Trump and global populist movements. In an interview in Jaipur, Taleb explains why he thinks the world is seeing a “global riot against pseudo-experts”.

‘Trump makes sense to a grocery store owner’

http://www.thehindu.com/books/%E2%80%98 ... 109351.ece

In Skin in the Game, you seem to build on theories from The Black Swan that give a sense of foreboding about the world economy. Do you see another crisis coming?


Oh, absolutely! The last crisis [2008] hasn’t ended yet because they just delayed it. [Barack] Obama is an actor. He looks good, he raises good children, he is respectable. But he didn’t fix the economic system, he put novocaine [local anaesthetic] in the system. He delayed the problem by working with the bankers whom he should have prosecuted. And now we have double the deficit, adjusted for GDP, to create six million jobs, with a massive debt and the system isn’t cured. We retained zero interest rates, and that hasn’t helped. Basically we shifted the problem from the private corporates to the government in the U.S. So, the system remains very fragile.

You say Obama put novocaine in the system. How will the Trump administration be able to address this?


Of course. The whole mandate he got was because he understood the economic problems. People don’t realise that Obama created inequalities when he distorted the system. You can only get rich if you have assets. What Trump is doing is put some kind of business sense in the system. You don’t have to be a genius to see what’s wrong. Instead of Trump being elected, if you went to the local souk [bazaar] in Aleppo and brought one of the retail shop owners, he would do the same thing Trump is doing. Like making a call to Boeing and asking why are we paying so much.

Is it a choice between dumbing down versus over-intellectualisation, then?


Exactly. Trump never ran for archbishop, so you never saw anything in his behaviour that was saintly, and that was fine. Whereas Obama behaved like the Archbishop of Canterbury, and was going to do good but people didn’t feel their lives were better. As I said, if it was a shopkeeper from Aleppo, or a grocery store owner in Mumbai, people would have liked them as much as Trump. What he says makes common sense, asking why are we paying so much for this rubbish or why do we need these complex taxes, or why do we want lobbyists. You can call Trump’s plain-speaking what you like. But the way intellectuals treat people who don’t agree with them isn’t good either. I remember I had an academic friend who supported Brexit, and he said he knew what it meant to be a leper in the U.K. It was the same with supporting Trump in the U.S.

But there were valid reasons for people to be worried about Trump too.


Well, if you’re a businessman, for example, what Trump said didn’t bother you. The intellectual class of no more than 2,00,000 people in the U.S. don’t represent everyone upset with Trump. The real problem is the ‘faux-expert problem’, one who doesn’t know what he doesn’t know, and assumes he knows what people think. An electrician doesn’t have that problem.

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Re: Perspectives on the global economic changes

Postby A_Gupta » 08 Feb 2017 07:19

The complicated world trade in cotton and cottonn-yarn (disregard the headline)
http://www.standard.net/Business/2017/0 ... otton.html

Just a small part of the story:
Much of Vietnam’s growth in demand for U.S. cotton stems from China’s declines in cotton spinning after the government hobbled the country’s industry. China’s price support program, now defunct, required the state reserve to purchase large quantities of Chinese cotton and hoard global cotton, intentionally driving up the price, but making its own output less competitive globally. Such action spurred foreign direct investment into Vietnam’s spinning sector.

The 2010 ASEAN-China Free Trade Agreement allowed duty-free access of produced cotton from Vietnam and other ASEAN nations into China. Raw cotton unfortunately didn’t make the cut, facing a 40 percent above-quota tax.

Thus, it made sense that many Chinese-owned mills relocated to Vietnam, imported raw cotton and shipped the yarn back to China. As a result, approximately 50 percent to 65 percent of Vietnam’s cotton imports are spun in foreign-owned mills, with the bulk exported to China.

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Re: Perspectives on the global economic changes

Postby pravula » 08 Feb 2017 08:40

Austin wrote:I had this question if 45 millions or say 40 million on US are on food stamp , that just takes care of their basic need , what about electricity bill , house rent and other daily chores how do they cope with that ?

The remaining 40 million of the 90 million who are not on food stamp how do they cope up with daily life ?


There are other low income programs, including subsidized internet, subsidized rent apartments/homes, electricity, Heat, Medical etc...

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Re: Perspectives on the global economic changes

Postby Austin » 08 Feb 2017 10:50

pravula wrote:
Austin wrote:I had this question if 45 millions or say 40 million on US are on food stamp , that just takes care of their basic need , what about electricity bill , house rent and other daily chores how do they cope with that ?

The remaining 40 million of the 90 million who are not on food stamp how do they cope up with daily life ?


There are other low income programs, including subsidized internet, subsidized rent apartments/homes, electricity, Heat, Medical etc...


If the 90 millions are jobless how do they even pay for these subsidized program , May be for few months of their savings then ? Like do these people works multiple part time jobs so called jobless people or they simply ideal out and depend on Food Stamp and Subsidized program which they cant pay any ways

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Re: Perspectives on the global economic changes

Postby amritk » 08 Feb 2017 19:53

It's a believable number. For example, many women would like to work, but find it too competitive to find a job, and not worthwhile because of high childcare costs, and US tax law for married couples. Many people are forced into an early retirement when they are in their 50s, due to competition. I realise I am not posting data but you will agree there is a big difference between employment rate and unemployment rate. Of course some people don't work because they are mentally or physically disabled, whether through neglect and bad habits or no fault of their own.

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Re: Perspectives on the global economic changes

Postby pravula » 08 Feb 2017 23:49

Austin wrote:
pravula wrote:
There are other low income programs, including subsidized internet, subsidized rent apartments/homes, electricity, Heat, Medical etc...


If the 90 millions are jobless how do they even pay for these subsidized program , May be for few months of their savings then ? Like do these people works multiple part time jobs so called jobless people or they simply ideal out and depend on Food Stamp and Subsidized program which they cant pay any ways


Joblessness is not necessary for subsidies. Food stamps are for low income people. For a family of 4, the limit is 44,955 in NJ. So, if you make $20/hr, your family will still qualify for food stamps. A lot of F1 and Post-Docs with families use this.

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Re: Perspectives on the global economic changes

Postby A_Gupta » 09 Feb 2017 01:17

In reverse chronological order, about the US:

http://www.truth-out.org/news/item/3725 ... to-survive
"US Soldiers Are Relying on Millions of Dollars in Food Stamps to Survive"

https://www.marketplace.org/2015/05/25/ ... ood-stamps
"Military families turn to food stamps"

http://www.nbcnews.com/feature/in-plain ... id-n180236
"Hungry Heroes: 25 Percent of Military Families Seek Food Aid"

But the US will hire private contractors like Blackwater, and pay those mercenaries 4-5 times what they pay regular soldiers.
E.g., this from 2007:
http://www.usnews.com/opinion/blogs/erb ... e-military
An unmarried sergeant given Iraq pay and relief from U.S. taxes makes about $83 to $85 a day, given time in service. A married sergeant with children makes about double that, $170 a day. Army Gen. David H. Petraeus, the top U.S. commander in Baghdad overseeing more than 160,000 U.S. troops, makes roughly $180,000 a year, or about $493 a day. That comes out to less than half the fee charged by Blackwater for its senior manager of a 34-man security team.


or this, also from 2007:
https://www.theguardian.com/uk/2007/aug/01/military.usa
There are now 630 companies working in Iraq on contract for the US government, with personnel from more than 100 countries offering services ranging from cooking and driving to the protection of high-ranking army officers. Their 180,000 employees now outnumber America's 160,000 official troops. The precise number of mercenaries is unclear, but last year, a US government report identified 48,000 employees of private military/security firms.

At present, a US or British special forces veteran working for a private security company in Iraq can make $650 (£320) a day, after the company takes its cut. At times the rate has reached $1,000 (£490) a day - pay that dwarfs that of active-duty troops. "We got [tens of thousands of] contractors over there, some of them making more than the secretary of defense," John Murtha, chairman of the House defense appropriations subcommittee, recently said. "How in the hell do you justify that?"



This war-profiteering is set to increase after Trump's election; Trump has close ties to Blackwater's Erik Prince.

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Re: Perspectives on the global economic changes

Postby Austin » 10 Feb 2017 10:10

Stockman: Market 'will not be pretty' under Trump

http://video.cnbc.com/gallery/?video=3000591733

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Re: Perspectives on the global economic changes

Postby chanakyaa » 12 Feb 2017 07:26

Austinji, Stockman's strategy of perpetual "Sky is falling" works for him. It sells books and when the crisis comes, he can say "see, I told you so". The goal should be to stay pessimists forever, which guarantees success of predictions. Financial ***** news media loves people like Stockman, so they can present the other side of the coin; and then move on with the life.

DT's admin is made of so many poor people


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