Bank runs in China?? No way… get outa here…

What A Bank Run In China Looks Like: Hundreds Rush To Banks Following Solvency Rumors

Curious what the real, and not pre-spun for public consumption, sentiment on the ground is in a China (where the housing bubble has already popped and the severe contraction in credit is forcing the ultra…[Read more]

It's just not fair….

Furious Chinese Demand Money Back As Housing Bubble Pops

With new project prices down over 20%, 'homeowners' exclaim "return our hard-earned money" and "this is very unfair" – who could have seen this coming… "We aren't speculators. We just want an explanation from the developer," said one 35-year-old home buyer, who…[Read more]

And the richest man in Asia, the legendary Hong Kong tycoon ''Superman'' Li Kashing, has been busy dumping 20 billion yuan ($7 billion) of Chinese property from his portfolio.

''This is a signal worth attention,'' Wang says.

Smart money leaving the sinking ship??

jmsrachel wrote:
"it's the end of the world as we know it"

Very apt Joe. In a few years you'll be reminiscing over a beer, "remember the good ol' days when …..".

I don't think I've ever seen a RE markets under threat from so many angles as now.

Export earnings are set to take a substantial hit over the next 12 – 18 months as China…[Read more]

Thanks for the update King.

It's early days yet and a sunny day doesn't make a summer. My position on the US hasn't changed. If anything I only see a deteriorating picture emerging as the US appears to be heading towards a recession (in official terms – reality is it's more like a depression in many states). Long term I still see a significant…[Read more]

thecrest wrote:
Ask some of the truck rental companies near your goods if they have any "ferry drivers" they use to reposition vehicles from one way rentals.

He's far west NSW. Tough trying to get stuff out that way for sure let alone backloads or anyone going that way. A DIY job if ever I saw one. 

Freight companies are in it to make a dollar not a charity. You're talking around 40hrs + for someone to do this job for you including load and unload. 

Sounds like you have less than 20 cube so you should be able to hire a 3.5t pantech to do the job yourself. Perhaps have someone who can take your car and drive the hire truck back. Other than…[Read more]

Quote:
Population size is not the deciding factor in terms of sustainability. We don't all live on disconnected islands and your theory is not applicable. Sustainability is highly dependent on the practices of society.

Amazing how you you draw these conclusions.

Social practices simply determines how efficiently a resource is utilised.…[Read more]

sciencesurf wrote:

If anything it proves my point that you are jumping the gun.

Maybe age has its benefits in some respects. I've been watching this thing for 20 years on and off. The optimists point to all sorts of reasons why this scenario won't play out, however none of their solutions are gaining traction and the situation continues to…[Read more]

Jamie M wrote:
lol – that will go down well with my wife…. "but Freckle, from the internet forum I spend too much time on, told me to do it!"

Cheers

Jamie

Yeah but the rest of the passengers will luv ya 

wilko1 wrote:
……and proceeded to have a conversation about how "did we just make 200k in a hour" and discussing it, also compared it with the lucrative property mentoring program that they did a few years back.

Whenever someone, who's livelihood is integrally connected to the industry and who says, "I do it to help people", I just…

Just to burst your bubble once again…

'Nasa-funded study: industrial civilisation headed for 'irreversible collapse'?

Although the study is largely theoretical, a number of other more empirically-focused studies – by KPMG and the UK Government Office of Science for instance – have warned that the convergence of food, water and energy crises…[Read more]

Slip some vodka in his/her bottle. About half a nip. Should be quiet as a mouse after that

Jamie M wrote:

haha – you got me there! I'm actually quite worried about it. Going to NZ was hard enough- I don't know how we're going to go with the flights to Europe, especially since she doesn't sit still for a second

Cheers

Jamie

Fly Emirates. They have a stop in Dubia. If the stopover is over so many hours you get accommodation…[Read more]

alfrescodining wrote:
What a shame – there I was getting my hopes up!

Picture upload function should be easy.

It's actually easier to upload offsite and simply link it. 95% of my pics/graphics are simply links to referred material but occasionally I'll download a pic, edit it and re-upload to a storage site. An annoying aspect of linking…[Read more]

Jeeez don't go wishing for anything too techy around here. This site barely works as it is. This site still uses stoneage tech, design and functionality. I'm not sure anything in the text formatting box has actually been fixed since day one.

I see Abe's getting ready to stir the pot again. I sometimes think Abe is on a Kamikaze mission when it comes to Japan.

Sorry for Nothing

NEW YORK – Japanese Prime Minister Shinzo Abe is once again stirring Asia’s cauldron of national rivalries and historical resentments. This time, he has instructed a committee of historians to reexamine the…[Read more]

zmagen wrote:

as for for wages excluding overtime and bonuses falling down – nice way to try and ignore the fact that the total including them has actually gone up, as we've discussed here previously. Please don't make me rehash the same info.

Let me see if I'm understanding you Comrade Ziv. 

The total wages are up but on an individual per…[Read more]

It seems Japanese firms aren't listening to Uncle Abe… it's now raise wages or else!.. 

Japan turns more and more into a basket case by the day. The similarity in Argentinean and Venezuelan government last ditch tactics to make economies do what they want it to do is all too familiar. 

When governments start telling business what prices they…[Read more]

This will be interesting…

Chinese Authorities Halt Virtual Credit Card Payments; Tencent, Yahoo Crashing

I've been buying a few K in stuff out of China through AliExpress for a few months now. About NZ$900 is still waiting to ship. Alibaba (a B2B) hub and AliExpress (a B2P) hub use Alipay to facilitate their hubs. This is like PayPal being…[Read more]