Saturday, August 1, 2015

The Crock of @#$% Report v.022

August 1, 2015
CNBC: Making sense of a wild ride for the Chinese economy

On Friday, China was awarded the 2022 Winter Olympics, which will make it the first country to host both Summer and Winter Games. But that wasn't the big news out of China in the past week.

1932 Summer Olympics

Host city: Los Angeles, California, United States

1932 Winter Olympics

Host city: Lake Placid, New York, United States

Bejing may be the first city to host both the summer and winter games, but China clearly can't be the first country to host them both. When an article starts off with a crock of @#$% "fact", how much credibility should I give its opinions?

CNBC might want to look into the Great Depression someday. There's no telling what else they might find. 1932! What a year!! The United States was unstoppable! Oh, sure. There was a tiny problem with our stock market, but nothing our government couldn't eventually fix!

Well, with the help of Imperial Japan and Nazi Germany anyway. In hindsight, what an awesome global stimulus package that was. Cranking out ships, tanks, planes, and ammunition, taking on debt, bombing factories, rebuilding them, innovating, making the world a better place. Keynesian economic paradise!


Troy said...

Kinda weird to think we coulda just borrowed all that money and not blowed everything up and gotten the same benefits. Much more of course since think of all the gasoline and diesel that was wasted for no productive end at all . . . smh

Stagflationary Mark said...

Saw WWII from Space on Netflix last night. It's good that we won that world war. Better never have another.

Anonymous said...

I'll have to check that out since that is an app idea I've been working on forever, along with all the others.

Speaking of crocks, this AM I was playing around with the SSA calculator.

I had noticed I missed my $360 contribution from 1986, and when I added it in the calculator said my real monthly benefit would go up $1.

If I had bought AAPL with that $360 I'd have 1100 shares worth $132,000 and throwing off $180/mo in dividends, with MSFT I'd have 3400 shares worth $160,000.

FWIW, I think AAPL has that extra $30,000 in it. The TV is the final frontier, and if they can repeat their iPod & iPhone success, hello $1T valuation

Stagflationary Mark said...

Of course, some might have bought Eastmam Kodak instead...

Hence the safety net. ;)

Rob Dawg said...

> Of course, some might have bought Eastmam Kodak instead...

My dad was the guy who used a laser to align their art camera. Sounds trivial? Their art camera was capable of 1:1 with paintings. Big paintings. Imagine the great works of the planet shuttling into Rochester NY for a portrait. My how the mighty have fallen.

Stagflationary Mark said...

When I was a kid in the 1970s, my dad opened a savings account for me so that I could build up some spending money for a Disneyland trip the following year. First thing I bought with my tiny stash was a cheap camera. Didn't even have a phone. Couldn't play video games on it. What was I thinking?

That said, thought it was a lot of fun back then. Still have the pictures. Good times. :)