tag:blogger.com,1999:blog-4921988708619968880.post5463355758994469787..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: Vietnam is the new China is the new AmericaIlargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4921988708619968880.post-53665457906040403022008-05-18T00:51:00.000-04:002008-05-18T00:51:00.000-04:00"China's planners know that their country has no f..."China's planners know that their country has no future as a low-cost producer. Following in the footsteps of Japan and South Korea, they are converting their industrial base, hoping to catapult Chinese industry to the high-tech level."<BR/><BR/>Makes sense. You don't get to be a superpower by making shoes. You get there by making cars and planes and ships, because that gives you the industrial Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-13119704586569461172008-05-17T15:47:00.000-04:002008-05-17T15:47:00.000-04:00CR, I think you might have meant this to go in tod...CR, I think you might have meant this to go in today's Debt Rattle thread.<BR/><BR/>From the graph I posted you can see that year over year March '07 vs '08 was ±1.5 million vs 0.95 million. A worse decline than for April y-o-y.<BR/><BR/>Most of the rise came from condo's and multifamily units, as a few articles explained. <BR/><BR/>From yesterday's Debt Rattle:<BR/><I>Construction of U.S. Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-50882913344523384282008-05-17T15:08:00.000-04:002008-05-17T15:08:00.000-04:00Total housing starts were up 8.2% since last month...<I>Total housing starts were up 8.2% since last month, but plummeted 30.6% below the level of construction in April 2007.</I><BR/><BR/>I wonder how seasonal that 8.2% is. I also wonder at how they determine a start, is it by unit, or by price, maybe floor area or number of Johns? Confused!Anonymousnoreply@blogger.com