WallStreetJackass: November 2009

November 2009

November 30, 2009 in Crap | Permalink | Comments (1)

I gotcha lame Tiger Woods jokes right here...

Whats the difference between Tiger's wedge & his car? He can clear a water hazard and a tree with his wedge.

Tiger to be renamed Cheetah.

Tiger Woods is so rich that he owns lots of expensive cars. Now he has a hole in one.

What's the difference between a car and a golf ball? Tiger can drive a ball 400 yards.

Tiger Woods wasn't seriously injured in the crash, but he's still below par.

What were Tiger Woods and his wife doing out at 2.30 in the morning? They went clubbing

Tiger Woods crashed into a fire hydrant and a tree. He couldn’t decide between a wood and an iron.

So the cops asked Elin how many times she hit her husband she said, five or six, but put me down for a 5

Mickelson been trying to contact Elin for some advice on how to beat Tiger

Tiger Woods was injured in a car accident as he pulled out of his driveway early Friday morning. It was Woods' shortest drive since an errant tee shot at the US Open.

November 30, 2009 in golf, Jokes | Permalink | Comments (2)

the dragon bubble

something to remember as you hear this idiocy about China being the most powerful country on earth...

China is still a poor country. Notwithstanding the complexities of measurement, income per head, according to the World Bank, is roughly $3,000, a little less than Jordan and Tunisia.

In the extreme scenario in which US income per head remains the same forever more, and China’s income per head grows by a constant 8 per cent a year, convergence would happen in 2045. But this is silly maths.

The US will not stand still and China’s economic path is likely to be punctured sooner or later by a credit or asset crisis.

Further, it cannot grow by 8 per cent a year for that much longer, not least for demographic reasons. China is the fastest-ageing nation on Earth, with an age structure rather like that of Germany.

Its labour force will begin to decline in 2010 or so and fall every year for the foreseeable future. For a while, the transfer of the 80 million rural migrant pool to higher-productivity urban jobs will mask much of this impact, but only for a few years.

By 2040-50, China will have more people aged over 65 than the entire predicted population of the US. In fact, on every demographic measure, China will be worse off than the US by the middle of the decade.

November 30, 2009 in Economics, Markets | Permalink | Comments (0)