The biggest smartphone market is in US with probably largest no of users.
[citation needed]
The US is no longer biggest in many things. That's what happens when other countries with huge populations start getting their own "middle class". 300,000,000 people is just a teenie tiny fraction of 7 billion. I dare you to visit Latin America, Africa or Asia and see exactly how many "smart phone" users there are in those markets.
And you just couldn't resist feeding me huh? Nah, being a promiscuous poster and often disagreeing with people is not trolling - but you're entitled to your own opinion.
No, it uses "slight gravity". We're given to believe that this object generates a frame of reference around it where gravity is some fraction of 9.8ms-2.
Actually the human part has more to do with the way we're wired and with one side being more dominant than the other (and thus having both faster nerve conduction and stronger muscles than the other side), than actual engineering. You could build a perfectly symmetrical object and I guess the only things that would knock it off course are wind, thermal effects and the Coriolis effect. You can't build a perfectly symmetrical human though.
Oh wait - small caveat - requires a downhill slope. In the next article we will discover that scientists create a ball that also rolls downhill forever without a power source. OK, maybe it's a feat of balance and engineering but come on...
Exactly. The only "risk" to them is perhaps their résumé, and their time. But they are paid for their time. Even Steve Jobs was paid for his time. Yeah his "salary" was $1/year. Now lets talk about his stock options...
no extra waiting to pick up the slack if another region falters.
There has to be some "slack" in the system if China can grow at 9.5% per year. That growth has to be coming from somewhere - if no one buys what the Chinese are selling, then there is not such robust growth. On the other hand 9.5% is scary. It means that the Chinese economy (which is now the second largest on the planet) will double in size in only 7 years, both dwarfing the US and threatening to consume all natural resources not within our lifetimes but before this decade is out. Food for thought.
I'm not American, I'm Canadian. I live in the 3rd world. And I am a physician. Here's a tip for you: there ARE diseases that affect the poor more than the rich, those who live in dense communities rather than sparse, etc. Countries with better infrastructure have a huge advantage over those that don't. When is the last time you've heard of a cholera epidemic in the US? How about Typhus? TB? Plague? Oh there are isolated cases once in a while, but these are diseases that can decimate populations in the right conditions - they had no trouble doing so in the past. The difference is not because the people are different - it's the living conditions that are different thus making it harder for the disease to spread.
Disease and famine can kill far more efficiently than that. Instead of having to be active to cause people to die by going out, lining them up and shooting them, at some point people will die due to inactivity - not enough farming, not enough transportation, not enough construction of basic sanitation, etc. This is why developed nations must hold on to their infrastructure for dear life. Population in poor countries will boom and bust with disease cycles, but most of those diseases (cholera, for instance) really can't gain a toe-hold in a country with modern water treatment/waste processing.
As a pensioner you don't get to say what corporations make up your pension plan - that is determined by the people running your pension fund. And a single pension fund will never own a great stake in any corporation by design - to avoid a single bad investment wiping out the whole fund. While the numbers associated with a pension fund are impressive, I fail to see how a single pension fund can affect or control any single corporation.
No, you have no chance. Because the people you hire to watch them will be corrupted immediately, and you will be watching only what they want you to see. You have a lot to learn about human nature.
But most of those companies have thousands of owners, not just one.
Someone who owns 0.000000000000000001% of a company because he has 100 shares is not an "owner", but an investor. The owners are the banks and the founders, that hold real percentages of the corporation. The little guys just exist as a convenient way to raise capital, and they are the first to take the fall, getting wiped out first if the company goes south. Once in a while the company will throw them a bone in the form of dividends. And once in a while, depending on the company and the share type, these "owners" will be given the illusion of a vote. In the most free case they can choose between pre-determined agenda #1 or pre-determined agenda #2. When they get too annoying their ownership share simply gets diluted. However they certainly do not get to choose what the CEO has for dinner tonight on the company credit card, or what luxury hotel suite he stays in.
Bubbles are a function of greed, not trading. If you are greedy and expect prices to rise forever, then you are willing to buy at a higher price even if that higher price is not justified. It's not the trade itself that affects the price but the willingness to make a (riskier) trade. Again no one forces you to buy stock. However there is a perception that if you don't buy it "right now" you are missing the deal of a century because right now "it's cheap". These are all subjective, emotional justifications for a purchase, and this is what drives bubbles. Of course the more emotional people you have, the bigger bubbles get. However I believe the trading computers are not emotional at all.
Except you're not thinking globally. OK, get rid of American consumers. And replace them with Latin American or European (or even Indian) consumers. China will sell to anyone, they're not picky. But I wouldn't want to live in America when that happens. To some extent it's happening now. You should see how Latin America has boomed in the last 20 years - it's not all narco-dollars.
Agreed. Now when you print more dollars and devalue the currency, how does this affect the perception of the dollar and the demand for the dollar? What will the US do when China simply decides it doesn't want dollars anymore? I mean, you can't force them to accept dollars. What happens when they want to be paid in gold? Or Japanese Yen? Or Swiss Francs?
According to the USDA, China only imports around 20% of its agricultural needs from the US. Certainly not a deal-breaker if they do without or buy it elsewhere for a bit more money.
As for raw materials the main ones - oil (middle east, indonesia, canada), copper (indonesia/australia), nickel (canada/australia), iron ore (brazil) are not produced in the US. You know that when the trade deficit is negative like in the US, this means that the US does not even produce enough for its own consumption, let alone for foreign demand.
geopolitical stability
Are you serious? America produces geopolitical stability? ROFL. Ok just ignore me, you simply won't ever understand.
trading a stock back and forth (in order to manipulate its price)
This is where you fail. The act of trading does not affect price. Someone on one side other the other of the trade has to be willing to accept a lower price than before, or pay a higher price than before in order to change the price. Why? Because no one can force you to buy stock, and no one can force you to sell stock (except in a margin call)This "willingness" has absolutely everything to do with emotion and other exogenous variables and nothing to do with the amount of transactions/unit time.
Supply and demand does not work on the transaction level, only on the aggregate level. This is why 90% of all day-traders get burned, rather quickly. They see a bunch of transactions and think "oh, there's demand/supply and the price is changing". So they jump in irrationally, and then the price swings the opposite way they expected (90% of the time) and they are left holding the bag. They forget that all the trades of this morning and all the local trends disappear when a mutual fund decides to dump 1.5% of the company they own as agreed after the last board meeting two weeks ago, and starting at 2pm Monday and ending 11am Friday at 5% under market value. THAT is real supply and demand.
Slashdot Mirror
The biggest smartphone market is in US with probably largest no of users.
[citation needed] The US is no longer biggest in many things. That's what happens when other countries with huge populations start getting their own "middle class". 300,000,000 people is just a teenie tiny fraction of 7 billion. I dare you to visit Latin America, Africa or Asia and see exactly how many "smart phone" users there are in those markets.
It will become cable TV and a wiretapped phone, along with the history of everything we access.
No, it will become a network of VPN's sharing encrypted traffic, and you will never find out about the good sites because you're not invited.
And you just couldn't resist feeding me huh? Nah, being a promiscuous poster and often disagreeing with people is not trolling - but you're entitled to your own opinion.
If Christianity is any metric to measure this by, we're going to be hearing about Steve Jobs for at least the next 2100 years...
Yep. Of course the fact that the original text of the summary has been changed helps you see me that way.
It is not powerless, it uses gravity.
No, it uses "slight gravity". We're given to believe that this object generates a frame of reference around it where gravity is some fraction of 9.8ms-2.
Actually the human part has more to do with the way we're wired and with one side being more dominant than the other (and thus having both faster nerve conduction and stronger muscles than the other side), than actual engineering. You could build a perfectly symmetrical object and I guess the only things that would knock it off course are wind, thermal effects and the Coriolis effect. You can't build a perfectly symmetrical human though.
Oh wait - small caveat - requires a downhill slope. In the next article we will discover that scientists create a ball that also rolls downhill forever without a power source. OK, maybe it's a feat of balance and engineering but come on...
Exactly. The only "risk" to them is perhaps their résumé, and their time. But they are paid for their time. Even Steve Jobs was paid for his time. Yeah his "salary" was $1/year. Now lets talk about his stock options...
no extra waiting to pick up the slack if another region falters.
There has to be some "slack" in the system if China can grow at 9.5% per year. That growth has to be coming from somewhere - if no one buys what the Chinese are selling, then there is not such robust growth. On the other hand 9.5% is scary. It means that the Chinese economy (which is now the second largest on the planet) will double in size in only 7 years, both dwarfing the US and threatening to consume all natural resources not within our lifetimes but before this decade is out. Food for thought.
I'm not American, I'm Canadian. I live in the 3rd world. And I am a physician. Here's a tip for you: there ARE diseases that affect the poor more than the rich, those who live in dense communities rather than sparse, etc. Countries with better infrastructure have a huge advantage over those that don't. When is the last time you've heard of a cholera epidemic in the US? How about Typhus? TB? Plague? Oh there are isolated cases once in a while, but these are diseases that can decimate populations in the right conditions - they had no trouble doing so in the past. The difference is not because the people are different - it's the living conditions that are different thus making it harder for the disease to spread.
Disease and famine can kill far more efficiently than that. Instead of having to be active to cause people to die by going out, lining them up and shooting them, at some point people will die due to inactivity - not enough farming, not enough transportation, not enough construction of basic sanitation, etc. This is why developed nations must hold on to their infrastructure for dear life. Population in poor countries will boom and bust with disease cycles, but most of those diseases (cholera, for instance) really can't gain a toe-hold in a country with modern water treatment/waste processing.
And then there are people who count the zeros put out by holding the zero key down for a random amount of time...
As a pensioner you don't get to say what corporations make up your pension plan - that is determined by the people running your pension fund. And a single pension fund will never own a great stake in any corporation by design - to avoid a single bad investment wiping out the whole fund. While the numbers associated with a pension fund are impressive, I fail to see how a single pension fund can affect or control any single corporation.
mod parent up, this is the truth.
you have a chance to watch them all.
No, you have no chance. Because the people you hire to watch them will be corrupted immediately, and you will be watching only what they want you to see. You have a lot to learn about human nature.
But most of those companies have thousands of owners, not just one.
Someone who owns 0.000000000000000001% of a company because he has 100 shares is not an "owner", but an investor. The owners are the banks and the founders, that hold real percentages of the corporation. The little guys just exist as a convenient way to raise capital, and they are the first to take the fall, getting wiped out first if the company goes south. Once in a while the company will throw them a bone in the form of dividends. And once in a while, depending on the company and the share type, these "owners" will be given the illusion of a vote. In the most free case they can choose between pre-determined agenda #1 or pre-determined agenda #2. When they get too annoying their ownership share simply gets diluted. However they certainly do not get to choose what the CEO has for dinner tonight on the company credit card, or what luxury hotel suite he stays in.
So you can't get credit card deposits. What is stopping you from doing it the old way, you know, with cheques, money orders and wire transfers?
"Public opinion" is bought and sold by the media. Guess who controls the media.
Bubbles are a function of greed, not trading. If you are greedy and expect prices to rise forever, then you are willing to buy at a higher price even if that higher price is not justified. It's not the trade itself that affects the price but the willingness to make a (riskier) trade. Again no one forces you to buy stock. However there is a perception that if you don't buy it "right now" you are missing the deal of a century because right now "it's cheap". These are all subjective, emotional justifications for a purchase, and this is what drives bubbles. Of course the more emotional people you have, the bigger bubbles get. However I believe the trading computers are not emotional at all.
Except you're not thinking globally. OK, get rid of American consumers. And replace them with Latin American or European (or even Indian) consumers. China will sell to anyone, they're not picky. But I wouldn't want to live in America when that happens. To some extent it's happening now. You should see how Latin America has boomed in the last 20 years - it's not all narco-dollars.
Agreed. Now when you print more dollars and devalue the currency, how does this affect the perception of the dollar and the demand for the dollar? What will the US do when China simply decides it doesn't want dollars anymore? I mean, you can't force them to accept dollars. What happens when they want to be paid in gold? Or Japanese Yen? Or Swiss Francs?
agricultural commodities
According to the USDA, China only imports around 20% of its agricultural needs from the US. Certainly not a deal-breaker if they do without or buy it elsewhere for a bit more money.
As for raw materials the main ones - oil (middle east, indonesia, canada), copper (indonesia/australia), nickel (canada/australia), iron ore (brazil) are not produced in the US. You know that when the trade deficit is negative like in the US, this means that the US does not even produce enough for its own consumption, let alone for foreign demand.
geopolitical stability
Are you serious? America produces geopolitical stability? ROFL. Ok just ignore me, you simply won't ever understand.
trading a stock back and forth (in order to manipulate its price)
This is where you fail. The act of trading does not affect price. Someone on one side other the other of the trade has to be willing to accept a lower price than before, or pay a higher price than before in order to change the price. Why? Because no one can force you to buy stock, and no one can force you to sell stock (except in a margin call)This "willingness" has absolutely everything to do with emotion and other exogenous variables and nothing to do with the amount of transactions/unit time.
Supply and demand does not work on the transaction level, only on the aggregate level. This is why 90% of all day-traders get burned, rather quickly. They see a bunch of transactions and think "oh, there's demand/supply and the price is changing". So they jump in irrationally, and then the price swings the opposite way they expected (90% of the time) and they are left holding the bag. They forget that all the trades of this morning and all the local trends disappear when a mutual fund decides to dump 1.5% of the company they own as agreed after the last board meeting two weeks ago, and starting at 2pm Monday and ending 11am Friday at 5% under market value. THAT is real supply and demand.
they [China] are literally printing money and subside heavily their manufacturers
And how is that different from the US?