mcliu

LOL

https://amp.scmp.com/news/hong-kong/hong-kong-economy/article/3339776/hong-kong-corporate-governance-activist-david-webb-dies-60 Sad news. Lost another legend. RIP

Thanks. Do you still need to go into the branch or can everything be done through the banker?

What makes Scotia's PB better than RBC?

IMO, this is the kind of stuff where governments should mandate a domestic supply chain. Yes it'll be more expensive but it's such a small input in the grand scheme.

Imagine if you’re one of the tens of millions of people in the US facing food insecurity and you find out your government is giving billions to foreign countries to help solve their hunger and other issues..

Rent and sold prices are already down 15% from the peak but still quite pricey relative to incomes.

I don’t know about Hermes but wasn’t there that a whole made-in#Italy scandal a while ago where the fashion houses either sourced from China and assembled in Italy or outsourced to Chinese workshops in Italy to make the products? it’s not rocket science, the Chinese can probably make the same or similar product if they can source the materials.

https://www.wsj.com/business/retail/solo-stove-breeo-fire-pits-trump-tariffs-8aedca80?mod=mhp Tariffs Will Hammer Solo Stove. Its Amish-Made Rival Is Ready. Solo Stove’s Chinese-made fire pits face steep tariffs while rival Breeo advertises its ‘tariff proof’ products

So this whole thing was a set-up to put massive tariffs on China?

I think there's an argument that outsourcing has largely benefited corporate margins at the expense of labour and now we are facing a reversal of those policies. Is it really the end of the world if corporate margins go back to its historical averages?

Aren't corporate profit margins are at all time highs? It's almost like the more companies offshore, the higher their margins. The stock market drop might be a reflection that margins will compress. But it's not existential as margins were far lower in the past..

Why not? Say you run a shop. You buy something for $2 and you sell it for $10 but because of tariffs it now costs $3 and you try to sell it for $11. But you see that sales has slowed at $11. So what do you do? Keep it at $11 or cut it to $10.50 or back to $10?

I think it just shows that there's opportunity to reduce the trade deficit without resorting to making cheap textiles and toys as people have implied. If there's a tight labour market, attracting talent to the US should be the easy part? 100% this is a multi-decade project that needs thoughtful planning and buy-in from both parties. The chaotic approach might get the ball rolling but end up nowhere,

This might be one of those lost in translation misunderstandings right? I think a majority of the factory workers 10 or 20 years ago were what's called 农民工 in China. Which translates to farm worker or peasant worker. They had rural hukous (registration) but worked in the urban areas. The term is pretty widely used: https://www.tandfonline.com/doi/full/10.1080/02723638.2023.2278959 https://research.nus.edu.sg/eai/wp-content/uploads/sites/2/2024/09/EAIBB-No.-1785-Chinas-peasant-workers_post-COVID-trends-synopsis_exsum-1.pdf Today, most Chinese would be considered middle class though but there are still hundreds of millions that can be considered peasant workers. I think in the West, the word peasant has somewhat negative connotations.. I think there's a mix. There's still considerable low-value production but labour costs are multiples that of SE Asia but that's offset by supply chain and infrastructure advantages. But China also has the world's largest base of advanced and automated manufacturing. This is the kind of manufacturing that you want to onshore from China.. But other than tariffs, what else can do you do?