On Notes from an FX Trader: On Genius, Idiocy and the Merely Intelligent
Agree with this. China's crash could lead to all sorts of other non-economic consequences, such as severe social and political upheaval.
Unfortunately, it could also lead to a pan-asian recession like nobody has ever seen, right when the rest of the world is getting back on its feet.
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On Notes from an FX Trader: On Genius, Idiocy and the Merely Intelligent
As it becomes more expensive to make products in China, it becomes less cost effective to shift manufacturing jobs overseas. Ergo (conventional wisdom says) more manufacturing jobs will be based in North America, and hopefully in the US specifically.
There are already some manufacturers bringing jobs back stateside due to higher Chinese labor costs in the wake of the children of the Chinese middle class refusing to work in factories for the wages their parents made.
A more expensive Yuan should (again theoretically) make it even less efficient to manufacture goods in China.
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On Diary of an Unemployed Class of '10 Philosophy Major in New York City, Part 4
yes. the ramen line got me as well. as did the flamethrower line.
you got talent kid. good luck.
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On Some Summer Interns
one summer i worked as an unpaid intern in a radio promotion office from 7:30 AM to 4:30 PM in North Hollywood and then got in my car and drove up the 101 to Chatsworth during rush hour (Angelinos know how awful this drive is) to start a shift telemarketing extended warranties to sears customers (who already told the sales staff in the store they did not want them) until 9:00 PM.
that was a rough summer. hang in there kids, it only gets....worse.
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On How We Saved Africa: The Live Aid Videos, In Order
I try not to be over the top on the internets, but that was one of the rock's most legendary performances. Ever.