House of Paine

blog slog 86

the two brads 
need to be bobbled and bangled and beaded 


my recentest comment panels
at their sites


==================


  first  tubby delong nerd 

on greg mankiw as a double talk 
euphemiser of prole-thanasia :

brad:

"a) an increase in thriftiness 
on the part of American households 
coupled with 
(b) tax increases and 
(c) significant spending cuts. 
It would be a good thing 
if  greg discourse were less elliptical."


pink:

and yours too

example
"household thrift"

translation 
reduced spending thru

indirectly thru 
your other points 
uncle's budget factor 
reduced transfers
increased taxes

and directly 

thru 
the possible job lose fear factor 
by
increasing
good job scarcity
by an economy wide slow down 
induced by 
the fiscal policy above

and the credit policy below 

ie the scrooge factor


higher consumer interest rates
and greater turn down turn off and
turn back based 
household credit funds scarcity 

all for what

something about a vague 
implication of a possible increase
in domestic investment 


-------------
then this  comment to comment  

the comment:
"U.S. households are short-sightedly
 consuming more now and saving less for the future"

Um...just how are we supposed to be saving, with things getting tighter and tighter? Remember, too, that the primary form of savings for most US households is...a house. Remarkably illiquid thing"

my c on c :

answer we increase national savings 
by further skewing income 

toward the few savers at the top

but that don't 
sound ellipitical 

so we mankiwivate it 
into the above garbage 


---------------------------

now the other brad the boy wonder brad:

---------------------------------------

" sure enough
i'm geting to be a blow hard around these parts
           i know 
 
but this  PRC looming
    labor shortage story is a joke 
 
okay so there's a transition underway 

wage rates are rising  ....some 
 
and maybe  now
 a lot of new  screw driver  assembly shacks 
and stitch tents 
           will be built in vietnam and bangladesh 
 
not inland china 
 
but my guess   
 vast increases of heavy industry 
 still seem  destined  
              for china 's heartland  
 
recall the raw facts: 
 
700 million peasants  
with a marginal proc of zero  
don't try to tell me  
the labor pool is reaching its bottom


------------------------------

the ever imperiously 
semi -ignorant 
mighty joe wang
provokes this 
from our brad 
 

"Basically, 
you worked as an undocumented migrant,
 with fewer benefits and rights
 than an urban resident" 


trying to for once step between the two 
i write :

 
"ignoring 
a lot of hand waving 
  to distract the  ass hole 
                    innocent bystander
  
this  dual rights system
   is the essential story  
behind the  famous Deng slogan 
'its okay if some get rich be4 others'
as it applies to   
those  traveling " economy klass " 
 
--------------------------------------- 

on the same old topic A 


i write 
-------------------------------
 
" to me  
if its a given  
that emerging asia  
is running a massive 24/7 forex fiddle 
 
we got but one task  
 
make sure  
getting the prc to reval  
or otherwise restrain  
their commodity 
         export north  onslaught  
includes 
a tandem reval /restraint pact  
with the rest of the asian players 
and  more basically
  with this  global trading table's  
                       trans nat embodiments  
 
otherwise  
as we all 
seem to point out ab nauseum  
the  real pieces beneath the fiddles 
         will just get reshuffled 
and re distributed among the locals
 
leaving the USA and old europe 
       with say three to five  smaller problems 
that add up to an even bigger     
                   over all problem 
 
of some  others
                 getting rich first  

                


----------------------------

then after the um teenth 
overlook 

i write
no longer able
to  conceal
       my broken and bitter heart 

--------------------------------------
" too often
   when i comment here 
  i end up 
like that pathetic 
geek in the tv ad 
who hear's his superiors 
sitting around the same  con table 
repeating 
stuff he's already said 
as if they were  
saying it for the first time 

not only said 
but said better 
and 
in fewer words  

 
but  
 
here goes anyway  
 
 i think 
heavy industry has a big future 
in inland china  
and probably 

not in the mekong delta
 
for a second reason besides 
steady chinese wage rates  
 
simple 
 
the vast internal
 no frills producer goods market
 china  
represents long term 

why?

cause  
these sectors 
  tend to boot strap on themselves  

so even if  
small outside players can grab 
end stage re-ship lines of work 
the  vast investment  
behind say 
complex metal working facilities 
 like  
 like heavy machine building shops  etc 
stuff we in the states 
once saw
 gleeming and burgeoning
  where today   
the rust belt gathers 

these outfits   to really thrive 
require nearly  
limitless   up scaling  capacity 
 
ie big assured markets  
and   
reliable power communication and transport  
infra structure become indespensible  
 
the first scale 
knocks out every one in emerging asia 
but india and china 
 
and 
at least so far  
the second infra structure 
takes out india too  
 
leaving ....