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    "If you can't predict the future, then you need a system that can handle breakdown" John M. Keynes

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    "The birth of economics as a discipline is usually credited by Adam Smith, who published "The Wealth of Nations" in 1776. Over the next 160 years an extensive body of economic theory was developed, whose central message was: Trust the Market." _ Paul Krugman
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    "One fear is that foreign investors will stop buying U.S. debt, just as Washington needs to borrow more. Such a turn could lead to a dollar collapse, causing spikes in long-term rates and inflation. The less the U.S. need to borrow from abroad, the less downward pressure on the dollar - and the greater the balance in the global economy." _ James C. Cooper

Archive for the ‘China’ Category

Vietnam and Comparisons

Posted by Robin Thieu on October 25, 2008

GDP, Stock Markets, and Income

GDP, Stock Markets, and Income

Source:

http://en.wikipedia.org/wiki/World_Economic_Outlook

http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita

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This is a weekend without any test and project, so I spend some enjoyable-lazy time to play around with numbers and make a graph. I always love graphing because it’s simply worth more than thousand words.

Most of stock markets outperformed GDP or nation’s incomes. So, in my opinion, this finance crisis will lead to more troubles and longer recovery of economies.

Yet, it’s not in a case of Vietnam.

Posted in BRIC, China, GDP, Stock Market, Stocks, US, Vietnam Economy, World, vietnam | Tagged: , , , , , | 1 Comment »

Can the U.S. Bring Jobs Back from China?

Posted by Robin Thieu on June 20, 2008

US and China's wages

http://www.businessweek.com/magazine/content/08_26/b4090038429655.htm?chan=top+news_top+news+index_top+story

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by Pete Engardio

June 19, 2008, 5:00PM EST

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Pricey oil is dulling the mainland’s edge in manufacturing. But American industry may not be ready to seize the opportunity

This would seem to be a good time for an American manufacturing renaissance. The economics of global trade are starting to tilt back in favor of the U.S. to a degree unseen in a generation. Since 2002 the dollar has plunged by 30% against major world currencies and is falling against the yuan. Wages in China are rising 10% to 15% a year. And spiking oil prices are driving up shipping rates. The cost of sending a 40-foot container from Shanghai to San Diego has soared by 150%, to $5,500, since 2000. If oil hits $200 a barrel, that could reach $10,000, projects Toronto financial-services firm CIBC World Markets.

Posted in China, Globalization | Tagged: , | Leave a Comment »