Already made max return on Friday's options trade. Now I have no trading position
I need to handle this stuff better.
Good for you. I hedged my positions today. Not taking chances now. I will be ready, whatever happens next.
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Who wins in a Trade War? China or US?
- Thread starter smallfil
- Start date
Good for you. I hedged my positions today. Not taking chances now. I will be ready, whatever happens next.
https://qz.com/1614743/winning-the-h-1b-visa-lottery-is-getting-more-and-more-difficult/
Thank God that H1B applications are now more heavily scrutinized. There is hope that abusive agencies that tried to funnel in tons of IT workers that often undercut local salaries will now be reigned in and more scrutinized. Though I still do not see steps taken to categorize and rank skill sets of applicants. The lottery system is a slap in the face of all highly qualified applicants who are currently competing with some It web developers and other lower skilled IT workers. How can it be that someone with a graduate degree from MIT or Carnegie Mellon who worked in high level positions for over 10 years competes with hundreds of thousands of lesser qualified applicants on an equal footing? How come that someone who might have never studied in the US before and might only be able to design web pages gets the same chances of acceptance than a US graduate school graduate with years of high level experience and a super competitive skill set and experience? Statistics show that the majority of current applicants are Indians who did not study in the US before and did not graduate from the likes of ITT and do not perform highly skilled jobs. Those statistics do not lie and they skew the chances of much more highly qualified applicants. Hopefully those unfair practices will be adjusted soon.
Thank God that H1B applications are now more heavily scrutinized. There is hope that abusive agencies that tried to funnel in tons of IT workers that often undercut local salaries will now be reigned in and more scrutinized. Though I still do not see steps taken to categorize and rank skill sets of applicants. The lottery system is a slap in the face of all highly qualified applicants who are currently competing with some It web developers and other lower skilled IT workers. How can it be that someone with a graduate degree from MIT or Carnegie Mellon who worked in high level positions for over 10 years competes with hundreds of thousands of lesser qualified applicants on an equal footing? How come that someone who might have never studied in the US before and might only be able to design web pages gets the same chances of acceptance than a US graduate school graduate with years of high level experience and a super competitive skill set and experience? Statistics show that the majority of current applicants are Indians who did not study in the US before and did not graduate from the likes of ITT and do not perform highly skilled jobs. Those statistics do not lie and they skew the chances of much more highly qualified applicants. Hopefully those unfair practices will be adjusted soon.
You nicely conflated all the issues, I never remotely suggested that H1B visa applicants take jobs away from managers in the EB1 category. Then you start dancing around peanuts by not wanting to admit that the truth is that the majority of H1B visa go to Indians and not because they are so truly qualified but because there is a need for 2nd and 3rd tier IT workers in the US. (I define with 2nd and 3rd tier those who work with SQL databases, do web design, front end work,... Not 1st tier as in working at the forefront of AI or robotics or research in biochemistry or the medicine or the like). It's completely irrelevant whether those came from India or are Indians who made a pit stop at a US university.
My point has been that US immigration law is completely outdated in that there are very few work visa categories and that the acceptance vs rejection decision is based on a cap and that such cap is by majority exhausted within days by individuals of 2 countries, India and China. Because there are no country quotas because of the sheer number of Indian and to a lesser degree Chinese applicants hardly anyone else has a reasonable chance in obtaining H1B visa to work in the US even though there is a strong need for skilled workers in other than IT sectors. The sheer number of Indians overwhelms the entire system for work visa. And why do you feel addressed. You attended school in the US for about 10 years or more you should have never tangented by the H1B issue.
Furthermore, why does the H1B issue also impact other work visa categories? Because the H1B system has been so badly abused that there is a negative stigma attached to it and because the current climate surrounding work visa applications also negatively impacts executives on a managerial level.
Listen, the situation is pretty easily assessed. Are countries like India shit hole countries? By no means. But they are not attractive countries at all even for their own citizens. Give Koreans, Chinese, HK locals, Indians, Filipinos, and many citizens of other Asians a free US passport and air ticket and guess where almost an entire continent will flock to? Yes, America. You yourself made that very same choice apparently. One culture is noticeably absent: Japanese. Japanese by large majority would choose to stay and live in Japan if given a choice, so would a large percentage of Europeans. The problem really arises with the few researchers and highly skilled workers (as in highly, not Web design or low level IT shit) who are sought after by US companies but who can't obtain a visa because 2 nations in the world completely overload and exhaust the work visa system in the US.
No matter how much you hate to hear it but at some point we all will need to ask the following question: at what point are there too many Indian and Chinese immigrants in the US and Canada? When is it gonna be too much? I don't think Indians would like it if in a short span of time 10-15% Turks or Scandinavians made up their population. There are limits to tolerance and assimilation, especially when people of certain cultures actually refuse to assimilate or ever pledge their allegiance to their newly chosen home country. What is the percentage of Indians or Chinese who attained citizenship in the US who serve their country in the military? It is as small as a rounding error. Vastly different moral and ethical values, completely different incompatable values of life. Where is the willingness to fit in? I want to be very careful in stressing that I am talking about averages not generalize or include each and every person in this assessment. Some cultures are more compatible than others.
I am absolutely convinced that the current immigration policy is a fad and that at some point a majority of the population will re-assess and realize that there are enough of a certain cultural background and that is when quotas for each country will be implemented. That is when a balance will be re-established. For example, 5% of all Indians who apply get the work or immigration visa, 5% of Europeans, 5% of Japanese who apply pass and so on. That is when an immigration policy becomes fair. Europeans should not be penalized that India is a pretty unattractive place to live and that the only reason Chinese are still in China is that the government brainwashes people and keeps all information away from public discourse. Why do you think Vancouver, Toronto, Sydney, Auckland, Christchurch are almost unaffordable to even their own citizens? Because a disproportionate amount who earned their money in unverifiable ways enters those countries and bids up the entire market. Hong Kong locals got a free pass to Australia, New Zealand, US, Canada for no apparent reason, at no point were HK locals in danger of persecution, imprisonment, death before, during, or after the handover to China, yet they all got a free pass. I truly believe the reason is that Europe has so far played a very weak game and has not looked after its own citizens and its citizens' interests in the world. Very soon Europe will be the next to put the screws on China because otherwise entire Europe will be swamped with Chinese and trade will be as imbalanced as is currently the case with US-Chinese trade. You might disagree, and that is your prerogative, but I am absolutely convinced that Europeans and white Americans will soon wake up and demand that their voices will be equally heard given that they still represent an absolute majority in their home countries.
America's biggest weakness in this war is its disloyal citizenry. China is 99% han chinese,one ethnic group in a communist country. Their people are much more willing to sacrifice for the greater good than america. Even though their economy will be more severly hurt,blowback from a traitorous media and malevolent citizenry will doom trump's negotiation. Unless he doesn't give a f**, and i hope he doesn't. The people that are crying the loudest are the ones that have been terrible to him. It's like that quote 'the traitor cries out as he strikes you'. The media was evil to trump because they thought he would lose and now that he has won they are scared of blowback so they hunker down and become even worse.Vietnam, Bay of Pigs, Iraq, Afghanistan. What do they all have in common? These were all places that America with its superior resources was supposed to score easy victories. And in all of them, America failed to secure a clear cut victory. Why? Because in each case America failed to account for the resolve of the opponent. China seems to be quite willing to suffer for as long as it takes to get their way. Furthermore China does have one advantage - they don't have to worry about politics and whether their voters are suffering from the sanctions.
America should win in the end, but I wouldn't bet on it. Sometime the tortoise does beat the hare.
America's biggest weakness in this war is its disloyal citizenry. China is 99% han chinese,one ethnic group in a communist country. Their people are much more willing to sacrifice for the greater good than america. Even though their economy will be more severly hurt,blowback from a traitorous media and malevolent citizenry will doom trump's negotiation. Unless he doesn't give a f**, and i hope he doesn't. The people that are crying the loudest are the ones that have been terrible to him. It's like that quote 'the traitor cries out as he strikes you'. The media was evil to trump because they thought he would lose and now that he has won they are scared of blowback so they hunker down and become even worse.
You got that right. Now, if Americans supported the USA, they would avoid buying Chinese products. It is that simple. There are multiple choices of similar products manufactured by Vietnam, Thailand, Malaysia, etc. So, why continue to buy Chinese products with tariffs then, whine about paying tariffs? China does not have to worry because they are communist and everyone has to follow the party line and be loyal Chinese citizens. Americans who have no love for the USA would find that their lives are more miserable in the future if the Chinese get their way. Americans would be the slaves of the Chinese! They would own most if not all the businesses because of their unfair trade practices that a number of Americans condone! If you do not think this is possible, look at the other Asian countries where China has a huge number of companies. That is your future if the US go back to unfair, one sided trade with China!
You got that right. Now, if Americans supported the USA, they would avoid buying Chinese products. It is that simple. There are multiple choices of similar products manufactured by Vietnam, Thailand, Malaysia, etc. So, why continue to buy Chinese products with tariffs then, whine about paying tariffs? China does not have to worry because they are communist and everyone has to follow the party line and be loyal Chinese citizens. Americans who have no love for the USA would find that their lives are more miserable in the future if the Chinese get their way. Americans would be the slaves of the Chinese! They would own most if not all the businesses because of their unfair trade practices that a number of Americans condone! If you do not think this is possible, look at the other Asian countries where China has a huge number of companies. That is your future if the US go back to unfair, one sided trade with China!
The way that China is colonizing Africa is economically ruthless (nothing compared to the European colonization of course) but Africa's economic colonization is the USA's future if the negotiations go in China's favor (which they won't.)
America is a great deal more independent than Africa.The way that China is colonizing Africa is economically ruthless (nothing compared to the European colonization of course) but Africa's economic colonization is the USA's future if the negotiations go in China's favor (which they won't.)
America is a great deal more independent than Africa.
For now. America loses its dominance, perhaps.
I would not call it disloyal, but rather freedom of opinion and thought. In China most citizens do not know anything how their country stole IP and trade secrets for years because those news never make it into any of the news outlets because it is censored away. I think a great deal of Chinese would take a different stance from their government if they knew the full extent of the truth and how China has failed to implement its WTO commitments. The leadership there exactly knows that which is why they censor those news.
America's biggest weakness in this war is its disloyal citizenry. China is 99% han chinese,one ethnic group in a communist country. Their people are much more willing to sacrifice for the greater good than america. Even though their economy will be more severly hurt,blowback from a traitorous media and malevolent citizenry will doom trump's negotiation. Unless he doesn't give a f**, and i hope he doesn't. The people that are crying the loudest are the ones that have been terrible to him. It's like that quote 'the traitor cries out as he strikes you'. The media was evil to trump because they thought he would lose and now that he has won they are scared of blowback so they hunker down and become even worse.
Help is on the way
NPR: Trump To Outline Immigration Plan That Would Overhaul Who Is Allowed Into The U.S..
https://www.npr.org/2019/05/15/7236...aul-whos-allowed-into-the-u-s?ft=nprml&f=1001
A first step to immigration reform. No more family based immigration (other than children and spouse), soon gone are the days where entire clans move from India/China and other countries to the US even though there are numerous members of such clans who do not benefit the US at all but are a pure burden to society, economically speaking. Soon immigrants will be better screened for language skills, skill set/work experience, and how they economically benefit America.
NPR: Trump To Outline Immigration Plan That Would Overhaul Who Is Allowed Into The U.S..
https://www.npr.org/2019/05/15/7236...aul-whos-allowed-into-the-u-s?ft=nprml&f=1001
A first step to immigration reform. No more family based immigration (other than children and spouse), soon gone are the days where entire clans move from India/China and other countries to the US even though there are numerous members of such clans who do not benefit the US at all but are a pure burden to society, economically speaking. Soon immigrants will be better screened for language skills, skill set/work experience, and how they economically benefit America.
https://qz.com/1614743/winning-the-h-1b-visa-lottery-is-getting-more-and-more-difficult/
Thank God that H1B applications are now more heavily scrutinized. There is hope that abusive agencies that tried to funnel in tons of IT workers that often undercut local salaries will now be reigned in and more scrutinized. Though I still do not see steps taken to categorize and rank skill sets of applicants. The lottery system is a slap in the face of all highly qualified applicants who are currently competing with some It web developers and other lower skilled IT workers. How can it be that someone with a graduate degree from MIT or Carnegie Mellon who worked in high level positions for over 10 years competes with hundreds of thousands of lesser qualified applicants on an equal footing? How come that someone who might have never studied in the US before and might only be able to design web pages gets the same chances of acceptance than a US graduate school graduate with years of high level experience and a super competitive skill set and experience? Statistics show that the majority of current applicants are Indians who did not study in the US before and did not graduate from the likes of ITT and do not perform highly skilled jobs. Those statistics do not lie and they skew the chances of much more highly qualified applicants. Hopefully those unfair practices will be adjusted soon.