Saturday, October 10, 2020

WOTC - South Korea has a better future

 Wisdom of the Crowd: Which country has a better future? 50% of the respondents choose South Korea. 19% choose Singapore and Taiwan each. Hong Kong come last.

WOTC - Action against Tik Tok

 Wisdom of the Crowd: 52% of the respondents disagree with President Trump's action against Tik Tok. 48% support it.

Wisdom of the Crowd - New Issues


1. Is it advisable to take the cruise to nowhere?
2. Should Singaporeans be allowed to travel overseas in December?

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Friday, October 09, 2020

Quora: Is it wise from the US to threaten the largest Chinese chipmaker, SMIC?

Allen Allington answered.

Donald Trump choose to use the unethical, unreliable and chicken shit way to handle the USAs falling behind China in a method I call the “Tonya Harding Theory”. Try to break the knee of a competitor instead of trying harder, being smarter and investing more to stay ahead.

That theory is being watched by millions around the world and it makes the USA look like cheaters :-(

No it wasn’t wise. It makes the US look weak and ill prepared for the future.

NOTE: today it was China but it could have been Japan or Germany, Sweden or a few other countries with high tech capacity. What would he have done?

Quora: If China wins the trade war, what will China do to the US?

 Duncan Yum replied:

“If China wins the trade war” means “If China survives the trade war without being forced to make compromising terms akin to Plaza Accord”.

That pretty much summarised China’s bottom line in this mess.

Should that becomes the reality, China, one of the top 3 (by 2018 World Bank figure ) single consumer market as it it, will very likely be in the leadership role of a BRI-based economic bloc, and China’s resilience against US’ assault will give RMB certain “street cred” in making it the alternative to USD as reserve currency, though personally it’d more like people diversify their portfolios.

What’d be “do to the US” in such scenario, could be…

Shanghai or Beijing may become the newest global financial hub (they are not at this time, Hong Kong acts as a buffer zone but what happened in the last 12 months has certainly cast doubts in HK’s usefulness to China);
a Beijing-backed digital currency may become reality, becoming the first in the world;
We could become hearing less of Black Friday and Cyber Monday, but how “the Single’s Day smashed yet another record this year” and likely by then it’s getting global.
Americans can feel free to enjoy their isolationism, of course.

Wednesday, October 07, 2020

Wisdom of the Crowd - New Issues

 1. Why does President Trump pays only $750 in taxes?

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WOTC - Performance of new ministers

 Wisdom of the Crowd: 83% of the respondents are disappointed with the performance of the ministers appointed after the 2020 general election.

WOTC - China stocks

 Wisdom of the Crowd: 52% of the respondents said that China stocks give good value. 48% said that the financial figures cannot be trusted.

Monday, October 05, 2020

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