The Cav SKY drama

[Waterloo Sunrise]

But how many of these people are economically interesting to companies for the next 10 years?

I've been to India and the gap between the rich and poor is immensely big. And the poor people are by far a majority in India.

I work in consumer goods. India is a massive focus of every single global player. The A&P spend ratio blows Europe out of the water.

 

[Waterloo Sunrise]

Exactly

1 European has the purchasing power of a lot of Indian people.

1 Indian has the incremental puchasing power vs last year of ~100 Europeans.

 

[ramjambunath]

Yes India is super poor but getting into stats 60% population live below or just above the population. Around 30% are comfortably away from it so that's 300-400 million people. That's around the US population.
Check the advertising dring an Indian cricket match and you will know exactly what I mean.

 

[spalco]

is that lost best paid or most marketable? if most marketable it's full of **** there's no mma fighter on it

MMA is not very marketable right now, because it's still seen a questionable fringe sport by large percentage of the people. Most reputable companies don't touch MMA with a 10 foot pole. Ever asked yourself why there's no Adidas or Nike or Coca Cola in the octagon? That's why. Maybe that will change within the next decade, it certainly looks like the sport is on it's way to becoming more mainstream, but it's not there yet.

and re: all the whining why there are mostly Americans on the list - well, duh! Where do you think all the money is? Have you ever looked at what american football, basketball, baseball and even hockey players earn?

 

[thehog]

You don't realise how massive cricket is here. It's commonplace for a man to buy a TV in a village and the whole village watches the match.
Also the marketing these cricketers do covers everything, from hot chocolate to motorbikes (not the fancy ones but as you would have seen small ones) and they don't become brand ambassadors for Ferrari.

Agreed. Cricketers are bigger than Bollywood stars. Cricket is the biggest sport by none in India. I've never seen anything like it. Talk to any waiter in a restaurant or bar and he'll name players in any country play domestic cricket. They even name and know junior players.

 

[El Pistolero]

1 Indian has the incremental puchasing power vs last year of ~100 Europeans.

Until their economy implodes just like China's. It's only a matter of time before it will happen. Ireland was a miracle country as well couple of years ago and see how it's now

 

[Waterloo Sunrise]

Until their economy implodes just like China's. It's only a matter of time before it will happen. Ireland was a miracle country as well couple of years ago and see how it's now

Ireland's growth is currently 16 times the level of Germany's. They can only dream of how high it would be if they left the Euro.

India's growth rate is a mere 77 times that of Germany's, and is built on demographics rather than credit. They are so far from their Solow equilibrium it's incredible.

 

[El Pistolero]

Ireland's growth is currently 16 times the level of Germany's. They can only dream of how high it would be if they left the Euro.

India's growth rate is a mere 77 times that of Germany's, and is built on demographics rather than credit. They are so far from their Solow equilibrium it's incredible.

I can't speak of India's economy as I'm no expert, but in China's case it's based on a exaggerated form of Keynesian economics. It's totally ridiculous and will never end well.

 

[Waterloo Sunrise]

I can't speak of India's economy as I'm no expert, but in China's case it's based on a exaggerated form of Keynesian economics. It's totally ridiculous and will never end well.

That's the first time I've heard mercantilism called exaggerated Keynesian economics, but never mind. The world in general is full of economic imbalances caused by fixed exchange rates like China & the Eurozone. Shock horror surprise, it's causing the same kind of cluster**** it did when we had the gold standard. Sadly the gold standard is much easier to leave than the Euro, or than letting your currency float free and destroying a large chunk of your export dump economy, as China clearly needs to do.

 

[LugHugger]

I can't speak of India's economy as I'm no expert, but in China's case it's based on a exaggerated form of Keynesian economics. It's totally ridiculous and will never end well.

Let's see - a mutli trilllion dollar trade surplus and more foreign currency than they know what to do with. Other than buy swathes of US federal debt, of course. China will be the global economic powerhouse for the rest of this century at least. If you don't mind, I'll skip economic and politics lessons from a Belgian.

 

[Zam_Olyas]

The things that come out of the pistol are amazing sometimes.

 

[avanti]

Is time running out for Cav to obtain a contract? With teams getting near their full rosters will Cav have to settle for a lower income?

My guess: Cav to SaxoBank

 

[Mambo95]

My guess: Cav to SaxoBank

Haven't you been reading this thread? He's been sold to China. Or maybe it's India. He'll announce it sometime in the next few weeks.

 

[Race Radio]

Ireland's growth is currently 16 times the level of Germany's.

Really? Do you have a link?

2011 Irish GDP growth is running at 1-2% for much of the year after 2 years straight of shrinkage. German GDP growth has been @4% most of the year

 

[ferryman]

Is time running out for Cav to obtain a contract? With teams getting near their full rosters will Cav have to settle for a lower income?

My guess: Cav to SaxoBank

No way Saxo, please Lord no.

 

[ramjambunath]

There's no India team, China is racing in the Tour of Beijing so logical bets say he will ride for China.

Some comments though were astonishing.

 

[Waterloo Sunrise]

Really? Do you have a link?

2011 Irish GDP growth is running at 1-2% for much of the year after 2 years straight of shrinkage. German GDP growth has been @4% most of the year

Germany's last reported quarterly growth figure was 0.1%

I will accept I have been lazy and forgotten that journalists switch between quarterly and annualised growth rates because they're innumerate, so my numbers probably need dividing by 4, but that doesn't change the stark contrast particularly.

 

[ferryman]

Let's see - a mutli trilllion dollar trade surplus and more foreign currency than they know what to do with. Other than buy swathes of US federal debt, of course. China will be the global economic powerhouse for the rest of this century at least. If you don't mind, I'll skip economic and politics lessons from a Belgian.

If you don't mind, I'll skip economic and politics lessons from a Belgian.

T*T

 

[El Pistolero]

Let's see - a mutli trilllion dollar trade surplus and more foreign currency than they know what to do with. Other than buy swathes of US federal debt, of course. China will be the global economic powerhouse for the rest of this century at least. If you don't mind, I'll skip economic and politics lessons from a Belgian.

What does that have to do with anything?

Yeah, China rule the world?

http://scallywagandvagabond.com/2010/12/googles-satellite-images-reveal-chinese-ghost-cities/

Look behind the facade.

 

[Waterloo Sunrise]

What does that have to do with anything?

Yeah, China rule the world?

http://scallywagandvagabond.com/2010/12/googles-satellite-images-reveal-chinese-ghost-cities/

Look behind the facade.

China has a savings rate over 50%. As such I'm not convinced you know what Keynes thought about the economy.

 

[El Pistolero]

China has a savings rate over 50%. As such I'm not convinced you know what Keynes thought about the economy.

For one part, government financing building projects to boost the economy. Something the Chinese government excels at.

 

[Waterloo Sunrise]

For one part, government financing building projects to boost the economy. Something the Chinese government excels at.

But when the country as a whole runs an enormous current account surplus, then what is happening is not pump priming in any meaningful sense.

China's economic situation is a function of exchange rate policy, not aggregate demand manipulation.

Anyhow, 2nd half's starting now.

 

[palmerq]

calm down with the jibes about belgians(although I dont understand)... I think this subject is more suited to the cafe/general section of the forum instead of the cavendish to sky thread :S

 

[El Pistolero]

But when the country as a whole runs an enormous current account surplus, then what is happening is not pump priming in any meaningful sense.

China's economic situation is a function of exchange rate policy, not aggregate demand manipulation.

Anyhow, 2nd half's starting now.

It is causing a severe real estate bubble in China. The consequences will be pretty severe when it will burst. Chinese university students also struggle to find decent jobs and we all know what that can lead to.

 

[ramjambunath]

With a billion plus people in India and China, I am sure real estate demand is unlikely to reduce in the near future.