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Friday, August 14, 2015

Chinese Floating Fortress?

Interesting - reads like something out of Science Fiction. It's definitely thinking big - Which is very China!

Chinese launch floating fortress project - FT.com

When I do a Search on the term Chinese Floating Fortress, I get a lot of interesting images.


Wednesday, August 12, 2015

8 I Don't Knows - China's Devaluation

My last blog post was on my 10 Educated SWAG's, I mean Guesses on China's Devaluation.

Here is stuff I wonder about.

  1. What impact will the devaluation have on capital outflows from China? Will it increase it, or decrease it? What is causing the outflows?
  2. What will China's devaluation have on properties in the US?
  3. Will the devaluation cause inflation or deflation in China?
  4. Will the devaluation cause inflation or deflation in the US?
  5. What impact will China's devaluation have on the Chinese economy?
  6. How much further will China devalue their currency? Currently at 4.5%.
  7. Will China's devaluation lead to a currency crises, as happened in 1997?
  8. Will this devaluation hurt or help the Yuan becoming a reserve currency?

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10 Guesses on China's Devaluation

China's Devaluation - What will happen?

There is a lot of guessing out there on what will happen. Most are probably wrong.

My 10 Ten Educated Guesses:

  1. Currency War - with countries doing a race to the bottom. Vietnam, Japan, and others seem to be following China. China is calling the devaluation a "Convenient Reform" The first day was 2%, and currently it's 4.65, back to 2011 July levels. ZeroHedge is warning of a Current War. Vietnam devalued it's currency, as has Japan.
  2. China had tied their currency to the US Dollar, which had become too strong and this was hurting exports to areas with weaker currencies, such as the Euro zone.
  3. China will devalue their currency more.
  4. The US is not going to increase interest rates from basically Zero, or will only be doing a symbolic amount.
  5. China's leadership needs continued strong growth in China's economy, and they believe the only way is through exports.
  6. The Fed Reserve will probably start QE again. China seems to be selling US bonds. The US has little influence they are willing to use for influencing China. China wants the Yuan to become a reserve currency, so this may moderate the devaluation.
  7. China will probably emphasize even more of a buy China made goods campaign
  8. Luxury Goods for US & European sales to China will suffer.
  9. China's economy is worse than the official figures from China. The question is how much worse. The contract between the Chinese government and people, is growth will be high. In exchange, the Chinese people support the government. The historical term for this is Heaven's Mandate.
  10. China's gold reserves are higher than the official numbers.

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Tuesday, July 14, 2015

Supreme Dragon Rowland Heights - RIP

I did not even notice it till I was on Yelp today, and saw that Supreme Dragon was closed. It's was located in the Hong Kong Plaza, named for the Hong Kong Market that used to be there.

LA.Eater had an article that was insightful. I thought the prices went up and quality went down. One of the Yelp reviews mentioned they got new owners that short staffed the restaurant. Another article mentioned how there is a lot more competition in the area now selling Beef Noodle Soup.

The plaza used to be very nice, but now it has a lot of empty store fronts. A friend that had a restaurant there had a direct competitor open right next to them. They got into a price war, and my friend's restaurant survived, but it left a bad flavor. They then sold the restaurant, and the new owner could not make it work.

Three Family Restaurant is in the same plaza that has a good Beef Soup.


Monday, July 13, 2015

Rowland Heights Housing

I just went to an open house yesterday in Rowland Heights, and I was surprised to find a cost cut. From 808,000 to 789,800.

$18,200 reduction, 2.3% change.

Nice house that used to have an outdoor model train in the back, that the real estate person said to take out :-(

It's also been on the market for 72 days.

And I am not seeing a huge amount of other Rowland Heights houses on the market.

I am not sure why...

The what is China, China, and China.

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Wednesday, June 17, 2015

Get Ready for Summer Sale

Get Ready for Summer Learning Chinese Sale

Weekly Sale for Childbook. Some of the products included:

More 100 Best Children's Stories from China
More 100 Best Children's Stories from China
Our Price: $12.99
Sale Price: $6.99
You save $6.00!

More from "100 Best" Children's Stories from China
  • 8 Chinese stories
  • Endpoints for child to think about moral lesson
  • With free accompanying Lesson Plan 
  • Plus, 1 modern story set in Hong Kong
    English, softcover
Sing and Learn Chinese CD & Book
Our Price: $17.95
Sale Price: $14.95
You save $3.00!

22 songs in Chinese and English
  • Simple Chinese vocabulary in a fun way
  • Book - English, Simplified, Traditional, and Pinyin
  • With instruction guide
Harry Potter Set - Simplified Chinese
Harry Potter Set - Simplified Chinese
Our Price: $170.00
Sale Price: $145.00
You save $25.00!

Harry Potter Complete Set of all the books translated into Simplified Chinese
  • Big discount when purchased together.
  • Great addition to any library
  • Guaranteed to keep the reader busy for a few days.
Baby Learns Chinese, DVD, Level 1,2,3 & Flashcards Bundle Blue
List Price: $68.99
Our Price: $59.99
Sale Price: $49.99
You save $19.00!

This DVD set teaches 140+ Chinese words

DVD1- Body, Counting, Shapes and Colors

DVD2- Fruits and Food
DVD3- Farm Animals and Wild Animals
Flashcards I
  • The Doman method, used in the DVD, has proven countless times, yes,babies can learn to read!
  • Babies can read because Chinese characters are just like pictures!
See sample video clip inside

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Thursday, June 11, 2015

90% of Authors Don't Earn a full Time Income from Writing

I was surprised...

Just one in ten authors can earn full-time living from writing, report finds - The Telegraph

And 17% got no pay in a year!

There are many online publications, where authors are not paid for articles.

The good news is with eBook publishing, more authors are able to make more money. It's a huge change in the industry. I hope Amazon continues to pay 70% to Indies.

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