mcliu

I don't think it's comparable. Taiwan is China without CCP is like saying USA is UK without the Monarchy. No idea how China would have turned out if KMT won, possibly far worse. As Xerxes pointed out, Chiang was a fascist dictator not much better than Mao. (Turns out Azov is not the first facists that the US has supported lol.) Excess Mortality under Nationalist rule[edit] Historian Rudolph Rummel documents that from its founding down to its defeat in 1949, the Nationalist government under Chiang's central leadership probably caused the deaths of between roughly 6 and 18.5 million people. The major causes include:[83] Thousands of communists and communist sympathizers were killed during and in the year after the 1927 Shanghai massacre. In 1938, to stop Japanese advance, Chiang ordered the Yellow River dikes to be breached. An official postwar commission estimated that the total number of those who perished from malnutrition, famine, disease, or drowning might be as high as 800,000.[84] In 1943, 1.75 to 2.5 million Henan civilians starved to death due to grain being confiscated and sold for the profit of Nationalist government officials. 4,212,000 Chinese perished during the Second Sino-Japanese War and Civil War starving to death or dying from disease during conscription campaigns.[85] https://en.wikipedia.org/wiki/February_28_incident In 1945, following the surrender of Japan at the end of World War II, the Allies handed administrative control of Taiwan over to China, thus ending 50 years of Japanese colonial rule. Local residents became resentful of what they saw as high-handed and frequently corrupt conduct on the part of the Kuomintang (KMT) authorities, including the arbitrary seizure of private property, economic mismanagement, and exclusion from political participation. The flashpoint came on February 27, 1947, in Taipei, when agents of the State Monopoly Bureau struck a Taiwanese widow suspected of selling contraband cigarettes. An officer then fired into a crowd of angry bystanders, striking one man, who died the next day.[8] Soldiers fired upon demonstrators the next day, after which a radio station was seized by protesters and news of the revolt was broadcast to the entire island. As the uprising spread, the KMT–installed governor Chen Yi called for military reinforcements, and the uprising was violently put down by the National Revolutionary Army. Two years later, and for 38 years thereafter, the island would be placed under martial law in a period known as the "White Terror."[8] The number of deaths from the incident and massacre was estimated to be between 18,000 and 28,000.[12] https://en.wikipedia.org/wiki/White_Terror_(Taiwan) Deaths At least 3,000 to 4,000 executed, not including 228 incident (18,000 to 28,000 killed) or extrajudicial executions[1] Victims At least 140,000 imprisoned Keep in mind Taiwan's population at the time was probably around 5m. So they imprisoned or killed at least 3-5% of the population.

Population 20 years ago ~5m today ~7m. ~1.5% CAGR Hard to compare NYC and GTA cause GTA is made of several cities. The size of GTA is probably around 10x of NYC.

I think the issue is that a large % of society have excessive leverage because they assumed rates will stay low forever. For the financially prudent as yourself it's not a big problem. Banks are playing this extend and pretend game so they won't recognize any credit losses.

https://www.cnbc.com/2023/04/17/apple-savings-account-announced-with-4point15percent-interest.html Apple & GS adding some fuel to the flames

Not sure if life is getting better for most people. This feels more like the govt/media's way of distracting us from the real issues.

Yes, but the future is difficult to predict. They created part of the mess from the bad policies of the 1950-70s. But it's not like China wasn't a mess before the CCP took over. You had a century of mismanagement under Qing, Western colonialism, opium crisis/war and then decades of internal turmoil/facism/corruption/civil war followed by WW2 against Japan and more civil war. The fact that China has pivoted from zero covid and tech-repression and wolf-warrior diplomacy is a sign that they are learning and reflecting on public feedback. This whole "China bad Russia bad thing" feels like a way to distract us from our government's incompetence. The West has largely stagnated the last few decades in improving quality of life. Life expectancy is declining in the US and is now below China despite having 3-4x higher GDP. How did this happen and what is the govt response? Of course exit Afghanistan & fight a proxy war in Ukraine!

If you look at the mess that Deng Xiao Ping inherited vs. the country today. I think it took a lot of brilliant leadership and strategic thinking to turn things around. I think it may be too early to judge Xi and the future is difficult to predict, but we will see in the coming years.

It depends on who you ask. The people of Iraq, Afghanistan, Iran, Libya, Palestine, Vietnam, Korea, Serbia and many Central American and African countries might disagree. I don't think a strategy of containment against China is viable. The country is far too large and well-connected to the world. It's far better to pursue a strategy of improving our domestic situation. The US won the Cold War because it was clear to the Soviets and the World that the US system delivered far better outcomes. Unfortunately when you look at the statistics today, in terms of healthcare, education, crime, safety, growth, China's system offers a very compelling alternative. Part of it is due to brilliant leadership in China, but the bigger part is because the US has squandered so many opportunities and pursued idiotic domestic and foreign policies.

This thread is a reflection of the problem facing the US and the West. A conversation about the decay of our cities evolves into a discussion on transgenderism. Both sides are passionately engaged in topics that affect a very small % of the population. If only the same amount of energy and passion was devoted to matters that affect the majority of the population like improving our cities, health care, education, lowering crime and substance abuse. I think what we need from our leaders is just a dose of common sense. Like this guy:

Core inflation actually increased from Feb.

Real tragic. But there are also influential people trying to continue the policies that led to this. It's a similar situation in East Hastings part of Vancouver. Recently, the new Mayor/Premier trying to clean up the area, and has been labelled "genocidal" by the previous mayor. Lots of protestors actively trying to stop the "decampment". https://dailyhive.com/vancouver/welcome-to-cruel-vancouver-mayor-decampment

The crime/violence might also have something to do with the rampant drug usage. The US also has one of the highest incarceration rates in the world. This seems to suggest there's more fundamental/underlying issues with American society than just policing.

How did it get to this point in the US? Isn't democracy supposed to self-correct and people with ideologies that don't work get voted out?

Pretty clear by now that Western governments are fine with arming extremist groups as long as they're fighting on our side. https://www.reuters.com/article/us-cohen-ukraine-commentary-idUSKBN1GV2TY https://www.nbcnews.com/think/opinion/ukraine-has-nazi-problem-vladimir-putin-s-denazification-claim-war-ncna1290946 https://forward.com/opinion/416751/why-does-no-one-care-that-neo-nazis-are-gaining-power-in-ukraine/ Btw, they canned this street rename for obvious reasons. https://www.nysun.com/article/kyivs-mayor-quashes-citys-strange-attempt-to-rename-street-after-a-ukrainian-nazi-collaborator

Unless prices are dropping, March inflation rate should still be at least 4%, probably closer to 5%..

@Cigarbutt thanks for the explanations. Do you know if there's a limit to the RRP program?

The reason I don't think 70s inflation will come back is because the the 70s has already happened and central bankers understand the implications of runaway inflation and the difficult in taming it. I think they'll err on the side of lower inflation than let it run too hot.

How will Russia take Beijing when they can’t even take Kiev? What about BRICS?

I think our Western mainstream propaganda media's view on China is far too pessimistic compared to the actual data.

Does anyone know how the mechanics of this works? If you withdraw money from a bank account and place it into a MMF, doesn't the MMF keep it in their account at some bank? And if the MMF uses the money to buy a T-Bill, wouldn't they just withdraw cash from the MMF bank account and send it to the T-Bill Seller's bank account? So how exactly does the overall amount of deposits move from banks to MMF?

Amazon?

Seems like it really depends.. If you want exceptional results, you almost have to concentrate. But you have greater risk of blowing up if a) you don't know what you're doing, or b) if you've made a mistake in your analysis or c) just bad luck/black swan. If you're young and talented this is probably the way to go. If you're older and less talented at investing but wealthy, you probably want to diversify and lower the odds of a bad outcome.

I follow Jim Cramer on Twitter so I know what not to do.

Agreed! Seems like banking is one of those areas where an imaginary crisis can create a real crisis though.. I think the headache here is creating the incentives for people to stay in their regional/local banks when there are TBTF banks. It's extra difficult when you have an inverted yield curve and very high short-term rates.