China's advantage isn't cheap labour any more. It's efficiency brought about by scale and proximity to the supply chain.
Thought this was pretty interesting as I've not heard of uses for gold like this before. In collaboration with scientists from Carnegie Mellon...
The US isn't a single place - some parts are quite livable, other parts not so much. I remember the first time I went to Detroit in about 1990 I...
How do you value add when my rent alone is far higher than wages in the places that are processing that wool right now? and I have cheap rent!
Personally I find them indispensible. You? Maybe not.
And yet, cars per capita in China is about 1/8th of what it is in the US and Australia.
That's not in any bible that I am familiar with. Quite the opposite.
Not sure what the Glass-Steagall legislation would do to prevent CBA from doing anything. It's never been the law in Australia :)
Real wages have to fall huh? Looking at the value of the AUD over the past year or so it looks very much like real wages have already fallen a lot.
Sounds like a lame excuse for not saving anything to me.
About the same percentage of Australians have a mortgage. Coincidence?
Hmmm, most of the places for sale in that suburb seem to be in the 500-700k range which I would expect for that kind of land price but you're...
You won't buy a 1/4 acre block for that anywhere near where houses are selling for a million or so. Not anywhere in Sydney that I'm familiar with.
Except that they could just as easily produce a single 1oz coin with a face value of $17 trillion, deposit it in the federal reserve and pay off...
Nah, the federal reserve has the power to print money. However the US mint is owned by the government and can mint coins for a profit. They're...
Well, they're not talking about producing a coin with a face value equal to the spot value of the metal - that would defeat the purpose of the...
Hell, the mouse was invented entirely separately from the military in the early 60's so even if you are right the pentagon were less than 10 years...
Huh? So you're saying that every year military technology advances 50 years worth. I.e. that in the last, say, 50 years (time period picked for...
Yes, but what are they when you adjust for currency movements. The Dow doesn't look anywhere near as rosy once you adjust for that.
Pretty much. Going by the size of 15 x 1kg PAMP boxes
Separate names with a comma.
