Those Stubborn Facts: How to Keep Inflating a China Bubble

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bubbles, China, Evergrande, finance, investment, investors, property, real estate, Those Stubborn Facts, Wall Street

Share of global finance industry recommendations on China

investment that were “buys” at the start of this year, before its giant

real estate firms started going broke: 86 percent

 

Share of global finance industry recommendations on China

investment that are “buys” today, when its giant real estate firms

have started going broke: 87 percent

 

(Source: “Down Is Still Up for Foreign Investors Piling Into China,” by Nikos Chrysoloras and Abhishek Vishnoi, Bloomberg.com, October 16, 2021, China Stock Market: Down Is Still Up for Foreign Investors – Bloomberg)

 

Those Stubborn Facts: Haitian Migrants Not Present or Accounted For

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Biden adminisration, Biden border crisis, border security, catch and release, Del Rio, Haiti, Haitians, Immigration, migrants, Open Borders, Texas, Those Stubborn Facts

Biden administration count of number of Haitian migrants living

under Del Rio, Texas bridge at peak: 14,000

Biden administration count of Haitian migrants at Del Rio as of

yesterday: 4,000

Biden administration count of Haitian migrants from Del Rio

returned to Haiti as of yesterday: 1,400

Number of Haitian migrants from Del Rio released into the United

States despite Biden administration claim that “our borders are not

open”: 8,600?

 

(Sources: “Biden administration defends handling of Haitians amid uproar,” by Morgan Chalfant and Rebecca Beitsch, The Hill, September, 23, 2021, Biden administration defends handling of Haitians amid uproar | TheHill and “Secretary Mayorkas Delivers Remarks in Del Rio, TX,” U.S. Department of Homeland Security, September 20, 2021, Secretary Mayorkas Delivers Remarks in Del Rio, TX | Homeland Security (dhs.gov) )

Those Stubborn Facts: More Public Health Costs of Covid Tunnel Vision

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CCP Virus, coronavirus, COVID 19, mental health, public health, Those Stubborn Facts, Wuhan virus

Number of Americans who recently received mental health

counseling or therapy, late July, 2021: 22.3 million

Increase from late August, last year: 22.42 percent

Number of Americans saying they need mental health assistance but

aren’t getting it, July, 2021: 23.6 million

Increase from last summer: c. 33 percent

Number of Americans now taking prescription drugs to help with

emotional or mental health: 46.4 million

Increase from last summer: 24.06 percent

 

(Source: “U.S. Mental Health Under Growing Strain in Covid’s Second Summer,” by Alexandre Tanzi, Bloomberg.com, August 12, 2021, U.S. Mental Health Under Growing Strain in Covid’s Second Summer – Bloomberg)

Those Stubborn Facts: How the U.S. Lost the Global Semiconductor Manufacturing Tech Lead

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capex, capital spending, China, infotech, innovation, Intel, investment, manufacturing, microchips, national security, Samsung, semiconductors, South Korea, Taiwan, Taiwan Semiconductor Manufacturing Company, tech, Those Stubborn Facts

“North America-” (i.e., U.S.-) Owned Firms’ Share of Global Semiconductor Capital Spending, 1990: 31 percent

“North America-” (i.e., U.S.-) Owned Firms’ Share of Global Semiconductor Capital Spending, 2019: 28 percent

“Asia-Pac/Others*- Owned Firms’ Share of Global Semiconductor Capital Spending, 1990: 10 percent

“Asia-Pac/Others*-Owned Firms’ Share of Global Semiconductor Capital Spending, 2019: 63 percent

*Excludes Japan. Includes Taiwan, South Korea, and China

(Source: “A Path to Success for the EU Semiconductor Industry,” by Michael Alexander and Thomas Kirschstein, Roland Berger, February 12, 2021, https://www.rolandberger.com/en/Insights/Publications/A-path-to-success-for-the-EU-semiconductor-industry.html)

Those Stubborn Facts: Race, Class, and Crime in NYC

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"Defund the Police", African Americans, Bronx, class, crime, Democrats, Eric Adams, Latinos, law enforcement, Manhattan, New York City, police, police brutality, policing, progressives, race, subways, Those Stubborn Facts, whites

Share of college-graduate New Yorkers wanting more police on the subway: 62%

Share of non-college-grad New Yorkers wanting more policy on the subway: 80%

Share of New Yorkers earning $50K-plus per year wanting more police on the subway: 66%

Share of New Yorkers earning less than $50K per year wanting more police on the subway: 75%

Share of white New Yorkers wanting more police on the subway: 62%

Share of Latino New Yorkers wanting more police on the subway: 69%

Share of African American New Yorkers wanting more police on the subway: 77%

Share of Manhattan-ites saying they feel safe from crime riding the subway: 65%

Share of Bronx residents saying they feel safe from crime riding the subway: 43%

(Sources: “Progressives in Denial About Crime Are Catering to Elites and Losing Elections,” by Zaid Jilani, Newsweek, July 14, 2021, Progressives in Denial About Crime Are Catering to Elites and Losing Elections | Opinion (newsweek.com) )

Those Stubborn Facts: U.S. Journalism Gets a Global Failing Grade, Too

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fake news, journalism, Mainstream Media, news, news media, Those Stubborn Facts

Number of countries examined in Reuters Institute for the Study of Journalism survey: 46

Overall level of “trust in the news”, 2021: 44 percent

Change from 2020: +8 percentage points

Level of “trust in the news” in the U.S., 2021: 29 percent

Change from 2020: None

U.S. journalism’s rank in trustworthiness: 46^th

(Sources: “Executive Summary and Key Findings of the 2021 Report,” Reuters Institute Digital News Report 2021, Reuters Institute for the Study of Journalism, June, 2021, pp. 9 ff, The Reuters Institute Digital News Report 2021 (ox.ac.uk))

 

Those Stubborn Facts: A Coming Boom in Free Lunches?

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Germany, Those Stubborn Facts, UBI, universal basic income

Number of recipients slated to get no-strings income grants for three

years regardless of financial need from a German foundation’s pilot

program: 122

 

Number of applicants to this program: “More than 1.5 million.”

 

(Sources: “Money for nothing: Germany starts basic income experiment,” by Andreas Becker, DW.com, June 1, 2021, Money for nothing: Germany starts basic income experiment | Business| Economy and finance news from a German perspective | DW | 26.08.2020 )

 

Those Stubborn Facts: Immigration Excuse-Making for California

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Associated Press, Barack Obama, California, Donald Trump, green card holders, green cards, immigrants, Immigration, legal immigration, Mainstream Media, MSM, Those Stubborn Facts

California’s “immigration decline has been particularly fast in the past half decade as President Donald Trump’s administration sharply reduced the number of people legally entering the United States.”

– Associated Press, April 24, 2021

 

Average annual grants of legal permanent U.S. resident status to

immigrants, Trump years: 1,085,181

 

Average annual grants of legal permanent U.S. resident status to

immigrants, second Obama term: 1,060,402

 

(Sources: “Awaiting census count, California ponders slow growth future,” by Kathleen Ronayne, Associated Press, April 24, 2021, Awaiting census count, California ponders slow growth future (apnews.com) & “Table 1. Persons Obtaining Lawful Permanent Resident Status: Fiscal Years 1820 to 2019,” Yearbook 2019, Yearbook of Immigration Statistics, Immigration Data and Statistics, Department of Homeland Security, Table 1. Persons Obtaining Lawful Permanent Resident Status: Fiscal Years 1820 to 2019 | Homeland Security (dhs.gov))

Those Stubborn Facts: A Trump China Trade Deal Scorecard Without the Hysteria

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China, China trade deal, Phase One, tariffs, Those Stubborn Facts, Trade, trade agreements, trade policy, trade war

China’s global imports, calendar year 2020 y/y: -1.1 percent

China’s imports from the U.S., calendar year 2020 y/y: +9.8 percent

 

“Thus [Trump’s] Phase 1 agreement appears to have contributed to 

some improved U.S. export performance to China, even if China is

far away from meeting the year one commitments.”

 

(Source: “U.S.-China Phase 1 Trade Agreement – Data Through December 2020; China has increased purchases of agricultural and energy products above 2017 levels but did not reach first year agreed purchases in 2020 and won’t reach the agreed level even if measured from March 2020-February 2021,” by Terence P. Stewart, Current Thoughts on Trade, February 6, 2021, https://currentthoughtsontrade.com/2021/02/06/u-s-china-phase-1-trade-agreement-data-through-december-2020-china-has-increased-purchases-of-agricultural-and-energy-products-above-2017-levels-but-did-not-reach-first-year-agreed-purchases-in/)

Those Stubborn Facts: Biden’s Hollow Travel Mask Mandate

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Biden, CCP Virus, coronavirus, COVID 19, masks, Those Stubborn Facts, transportation, travel, Wuhan virus

“Biden to sign virus measures, requires mask use to travel”

– Associated Press, January 21, 2021

U.S. “airlines, Amtrak and other transport providers now require masks….”

– Associated Press, January 21, 2021

 

(Source: “Biden to sign virus measures, requires mask use to travel,” by Ricardo Alonso-Zaldivar, Associated Press, January 21, 2021, Biden to sign virus measures, requires mask use to travel (apnews.com))