This week is big for China as well as US sport lovers. What China does effects the world. The US has been the most influencial nation to the world. In the US, American football is the country's most favorite sport. This aspect alone will get the global community's interest and most likely to follow the game.
Year of the Dragon
The Chinese most favorable zodiac sign approaches as the nation is experiencing a slowdown in its economy. On the surface, this is not visable as the country grew its GDP by 5.2% for 2023. Under the hood shows the problem. Younger workers are being laid off due to foreign firms leaving the country. Real estate which is their consumers nest egg is in termoil. The largest firm, Evergrande has entered bankruptcy. When your debt load is $300 billion and your assets are $245 billion that spells trouble. It leads to where the firm is located. This could foreshadow what the Communist government is doing in China. They get behind an idea to expand the economy with a segment in production. To their credit this technique has forged the nation to be the world leader in exports. They are number one in many categories like EV vehicles and number two in world production of all vehicles. In our thinking at Evolution, this makes China the number one economy in the world. They are considered second, but we feel this is due to currency manipulation. Their currency should be the most expensive. This would change the results. Then, the global community would balance out the import/export equation. However, egos and other agenda by the US and the West come into play. Nevertheless, China spends way more than it can afford. Their debt to GDP is way over 200%! This spells trouble and trouble leads to bankruptcy. The Communist government blames the US and the West with false claims of keeping China down when they lie, cheat, steal, hack and subsidize their economy to be the leader of the world. Pure ego! Pure corruption!
Coal
It is king in China as the nation consumes more than the rest of the world combined. It realizes this climate dangerous fact and they are making great changes. They are the leader in solar, EVs, and panels for wind turbines. This is good and bad. The good part is China is seeking to change their energy consumption and cleaner air. The negative part is they don't seek just to change, but to control this energy field. They subsidized their firms to which puts other firms in the global comuunity at a disadvantage. When they retaliate with tariffs, the Chinese government complains. They go to their false slogan about keeping China down.
However, China is trying to give their citizens a better life and a higher standard of living. China accounts for 31% of global manufacturing and 13% of global consumption. Their problem is to know when to hold them and know when to fold them. The global economy is slowing, but China keeps production high. They seek to dominate global firms by putting them out of business like the many in the US. For instance, the city of Gary, Indiana has 10,000 abandoned buildings. They use the proceeds to suppress the yuan to keep this advantage. It is no wonder that China is facing a backlass. Then, they do dangerous things like seeking to develop a nuclear battery to dominate the battery segment. We would recommend to the Communist government to copy the Japanese firms. They make a product and they continually seek to refine it. They build a brand name for market niche. If you keep doing what you are doing, you are on the road to failure and ruin. Maybe a new year with new thinking will turn things around? Anyway, Happy New Year!
Super Bow LVIII
- We ain't here to start no trouble, we're just doing the Super Bowl Shuffle
- Da Bears - SB XX
It had to be the greatest hype and it is the best musical for a Super Bowl. Of course, back in that day, I was mad as hell at the Bears. In the prior playoff game, not only did they knockout the greatest quarterback out of the game, they put him in the hospital. The game was way more physical in those days. There never was a call for roughing the passer. That is why I put no credence in stats nowadays.
With that said, we can't wait! Our team is playing. Go Niners! We would love to go to the game, but the Federal Reserve has destroyed the purchasing power of the dollar. The cheapest ticket runs over $5,686 dollars and the outlets charge fees that cost over another grand. Are you kidding me!? The average cost of a ticket is $9,619 dollars plus fees! Get out of town!
We would never spend that much even though in our heart this is something that we long to do like a bucket list. It appears that we never will. It isn't just us. US car makers are not advertising for the first time because commercial time is too expensive. A 30 second ad will cost $7 million. The NFL makes most of its revenue from commercials. The loss of value by the Fed's policies will result in moving football games to streaming services. This will be the death of our favorite sport. Now, can you see why we say, "End the Fed!"
As for now, let us enjoy the game. If we attend a party, put our best forward with comradeship even if the game does not go the way we hope. Enjoy. Peace and GO NINERS!
