Monday, September 21, 2015

Quote of the Day

September 21, 2015
Why US manufacturers are nixing the US for China

For us, it's more important to find well-educated, motivated people at the right cost—which, by the way, is probably one quarter of the U.S. cost. - Racho Jordanov, CEO and president of JHL Biotech


Mr Slippery said...

When human labor is a commodity, that is an accurate statement. Marx my words.

Stagflationary Mark said...

Mr Slippery,

Hunan labor produces babies at less than 1/4th the cost.

Badum-ching. Sigh.

Troy said...

The integration of the PRC into the dollar bloc was the biggest thing that happened in my lifetime.

This has been ongoing since 1985 or so . . .

shows trade was ~$4B/yr then, each way.

1990, $5B in, $15B of goods from them

1995, $12B -> $45B

2000, $16B -> $100B

2005, $40B -> $240B

2010, $90B -> $360B

2015, $120B -> $440B

it's magic!

$300B of free wealth each year now, that's $1000 of free stuff per man, woman, and child.

Wonder when the bill is going to come due tho . . . of all the things I wonder about, that's the one I have no idea what's going to happen.

Stagflationary Mark said...


Wealthy foreigners bought $100 billion in US real estate

According to the National Association of Realtors, sales of U.S. residential real estate to overseas buyers between April 2014 and March 2015 reached a record $104 billion, or about 8 percent of total existing home sales.

Perhaps this is an early sign of the "free lunch" consequences.