Cirtas Systems, a cloud storage hardware company, is announcing today it has raised $22.5 million in a second round of funding and has named tech veteran Gary Messiana as its chief executive.
Small and medium businesses will care about this because it can help them cut costs. Storage systems are getting so complex that they require the architectural expertise of highly specialized people to solve. The amount of data in corporations is exploding so fast that it’s hard to keep up with storage growth needs. By shifting it to the cloud, or Web-based data centers that can be outside of a company’s physical premises, companies can offload the task to others and reduce costs.
Usually, there is a trade-off between the cloud and client-based hardware. The cloud can be slower, but Messiana (pictured below) said in an interview that his company has designed its cloud storage to be as fast as hardware on the customer’s site, mainly by caching frequently used data near the location where it will be accessed. Cirtas uses a hybrid of on-site and cloud storage.
The San Jose, Calif.-based company makes its Bluejet Cloud Storage Controller, a piece of storage equipment that sits in cloud-based data centers. Cirtas deploys Bluejet controllers in a customer’s data center. Bluejet functions just like an on-site storage array, and the technology seamlessly connects to and accelerates the performance of off-site cloud storage services, with fast response to user queries, said Messiana.
The product is aimed at medium and large enterprises and is available now. By tapping the cloud, the company hopes to solve complex security, performance and compatibility issues that stop companies from using cloud storage. One of the big benefits is that enterprises will be able to move their storage from one cloud service firm to another to get better pricing.
Cirtas said it has completed beta tests at more than a dozen enterprise customers across diverse markets. The company ties together techniques for optimizing networks to work with its virtualized storage arrays so that it can deliver what it calls the world’s first cloud-enabled storage system. The company’s first purchase order has come from beta user Robert Half International.
Cirtas said it can securely encrypt all data in transit to and from the cloud, making sure that only authorized users have access to data. If there is a security breach, the Bluejet technology can prevent data from being read or used, as administrators can control who has access. It can also anticipate storage costs and how they fluctuate. And it can manage data for speedy performance.
Cirtas raised money from Shasta Ventures and Bessemer Venture Partners. Existing investors also participating include New Enterprise Associates, Lightspeed Venture Partners, and Amazon.com. The company plans to use the money to expand its infrastructure and accelerate the adoption of its technology.
Amazon is one of the big advocates of cloud computing, which can give businesses more options and better control over how they purchase data storage. Cirtas’s approach to the cloud is tightly aligned with Amazon’s, said Jeff Blackburn, senior vice president of corporate development at Amazon. He said Amazon was most impressed with the ability of Cirtas to migrate large quantities of data into the cloud in a fast, secure, and cost-effective manner.
Beyond Amazon, Cirtas has also secured a strategic alliance with Iron Mountain, which offers archive services. The Cirtas Bluejet product costs $69,995 per appliance. It is available from a variety of industry resellers. The company said it is making free evaluation systems available to customers.
The company was founded in 2008 by Dan Decasper and Allen Samuels. Its team includes veterans of Citrix, DataDomain, NetApp and Riverbed. Cirtas has more than 30 employees. Rivals include storage vendors such as EMC and NetApp, Twinstrata, Nasuni, StorSimple and Panzura.
Messiana replaces Decasper, who will become chief technology officer. To date, the company has raised $32.5 million. Messiana was previously an entrepreneur in residence at Bessemer. Prior to that, he was CEO of Netli and CEO of Dilient Software Systems.
We’ve commented before on the near-impossibilty of teasing decent inflation estimates out of China. Despite that, we were early to comment that inflation was getting out of control. From a joint post with Marshall Auerback in February:
The government has engineered an enormous increase in money and credit in the past year. In fact, it seems to be as great as 5 years’ growth in credit in the previous Chinese bubble. The increase in money and credit is so great and so abrupt that you tend to get a high inflation quite quickly even if there are under utilised resources. Add to this the fact that China simultaneously is providing massive fiscal stimulus.
This combination is the making of a very messy situation. If China seeks to sustain demand via fiscal policy, the result is likely to be a big inflation problem. With many Chinese students steeped in Chicago School monetary theory coming home and assuming positions of authority, they could push for an aggressive, Paul Volcker-style effort to stop inflation.
But, what if the they don’t? Inflation can take off and thereby begin to ERODE the competitiveness of Chinese exports. Nouriel Roubini pointed out this issue in 2007: if China didn’t revalue, inflation would do the trick regardless. A continued high rate of inflation relative to its trade partners would push up the price of goods in home currency terms, which in turn translates into higher export prices. This might be the real reason why China is so reticent to revalue its currency. The Americans might go crazy if the Chinese devalued, but if the inflation is high enough, they might have to do it, as it will severely erode their terms of trade and cause their tradeables sector to collapse.
Or the hard-line monetarists triumphing by fighting inflation and the result is riots as unemployment increases.
Note that we pointed out that China was becoming less dependent on exports, but by increasing investment, which we also saw as unsustainable:
Exports are the only area where China makes any kind of money because they can sell these products for about 10 times what they obtain for a comparable product in the domestic economy (where profits are virtually nil). The export sector is a big contributor to overall super excessive fixed investment in China. Dollar appreaciation means foreign direct investment will go to zero net.
There will be strong forces for a reduction in fixed investment in this large sector. Hence, there is a good chance that even without monetary tightening by the Chinese authorities, the overall fixed investment boom in China will turn down….Nobody is thinking about this scenario but it is a real possibility. And with fixed investment now at fifty per cent of GDP (which is unprecedented in any economy) and exports at more than thirty, we’re looking at ratios that have never been reached before on a combined basis.
And the story in recent months from China has been of evidence of inflation. Consider this recap from Patrick Chovanec:
I’ve consistently argued that pent-up inflation poses a serious threat to China in 2011, I’ve also been predicting that we would almost certainly see the CPI rate dip in December, given the government’s high-profile crackdown on food prices. My reasoning was based on politics, not economics: it was politically imperative for China’s leaders to show they were taking action to rein in the skyrocketing cost of living, and they had the tools at their disposal to enforce a short-term, targeted result.
Price controls, and related crackdowns on speculation and hoarding, make bold headlines but do nothing to solve the economic pressures causing inflation. In China, those pressures arise from the fact that, due to China’s stimulus policies, its money supply has expanded more than 50% over the past two years. There’s just more money out there chasing the same amount of goods. Capping prices can’t change the fact that money buys less; it only changes how people are forced to deal with that fact – usually in a way that creates even bigger problems, like shortages or black market corruption.
Peter Tasker, in a Financial Times comment, argues that rising wages pose a fundamental challenge to China’s strategy:
The China story that has been sold so skilfully all over the world is simply another version of the “new era” thinking that has characterised every investment mania from the South Sea bubble to the dotcom frenzy….
There are good grounds for concern about the future. A significant increase in the profit share of national income, as we have seen in China this century, implies a significant decrease in the labour share – meaning that wages fail to keep up with economic growth. The other side of this is apparent in the gross domestic product numbers – a decline in the contribution of consumption and a ballooning dependence on investment. The longer these trends continue, the greater the ultimate reversal.
We’ve seen this movie before – 40 years ago, to be exact. In the 1960s Japan was achieving year upon year of double-digit GDP growth, fuelled by government-directed investment into infrastructure projects….
In the mid-1950s, Japanese labour had taken 60 per cent of total value added. In the miracle years this ratio fell to 50 per cent, then started a V-shaped recovery in 1970 as the labour market tightened. Ten years later it had soared to a plateau of 68 per cent. These gains had to be fought for. In the 1970s, Japan’s now dormant union movement was in its heyday. Profit margins were squeezed, and in real terms the stock market went nowhere for a decade.
Can workers grab a bigger share of the economic pie before the urbanisation process is complete? In Japan they did. In 1970 Japan’s urbanisation ratio (the proportion of urban population to total population) was still just 53 per cent. Currently the Chinese urbanisation ratio is 45 per cent, roughly where Japan was in 1964. However, Chinese statistics are notoriously unreliable. The floating population of unregistered urban migrants is estimated at between 50m and 140m people. So China’s true urbanisation ratio may already be close to Japan’s in 1970.
If China were to follow Japan, the next stage would be labour strife and inflation. The best way to avoid that outcome would be a radical tightening of the current super-easy monetary policy. But that would risk a serious slowdown and probably necessitate a large revaluation of the renminbi – both anathema to Beijing. Meanwhile, China’s reliance on a cheap currency is helping to fuel a trade war, in the words of the Brazilian finance minister.
There is no good way out of the corner into which China has painted itself. Rebalancing the economy is absolutely necessary. It is also a long-term project fraught with risks for China’s rulers – and for investors who have bought the story of inevitable western decline and unstoppable Chinese ascent.
The tendency of businesses and economies is to push successful models to their breaking point. We’ve over-relied on consumer debt and a cancerous growth of the financial sector; China has become unduly dependent on exports and investment. And each nation is fighting tooth and nail to stick with its old habits, precisely because the elites who’ve benefited from these strategies still wield considerable clout. So change is likely to come about only via disruption.
benchcraft company portland or
'Faster, Pussycat! Kill! Kill!' star Tura Satana has died | <b>News</b> <b>...</b>
Actress Tura Satana died yesterday in Reno, Nev., according to the New York Times. Satana appeared in numerous movies and TV shows, including Billy Wilder ...
Fashion <b>News</b> - Week in Review: Kate Moss Gets Engaged, Gisele <b>...</b>
Here's all the fashion news that's fit to print! Enjoy!
AMERICAblog <b>News</b>: BREAKING: Mubarak resigns as head of his party
News and opinion about US politics from a liberal perspective.
bench craft company reviews
Cirtas Systems, a cloud storage hardware company, is announcing today it has raised $22.5 million in a second round of funding and has named tech veteran Gary Messiana as its chief executive.
Small and medium businesses will care about this because it can help them cut costs. Storage systems are getting so complex that they require the architectural expertise of highly specialized people to solve. The amount of data in corporations is exploding so fast that it’s hard to keep up with storage growth needs. By shifting it to the cloud, or Web-based data centers that can be outside of a company’s physical premises, companies can offload the task to others and reduce costs.
Usually, there is a trade-off between the cloud and client-based hardware. The cloud can be slower, but Messiana (pictured below) said in an interview that his company has designed its cloud storage to be as fast as hardware on the customer’s site, mainly by caching frequently used data near the location where it will be accessed. Cirtas uses a hybrid of on-site and cloud storage.
The San Jose, Calif.-based company makes its Bluejet Cloud Storage Controller, a piece of storage equipment that sits in cloud-based data centers. Cirtas deploys Bluejet controllers in a customer’s data center. Bluejet functions just like an on-site storage array, and the technology seamlessly connects to and accelerates the performance of off-site cloud storage services, with fast response to user queries, said Messiana.
The product is aimed at medium and large enterprises and is available now. By tapping the cloud, the company hopes to solve complex security, performance and compatibility issues that stop companies from using cloud storage. One of the big benefits is that enterprises will be able to move their storage from one cloud service firm to another to get better pricing.
Cirtas said it has completed beta tests at more than a dozen enterprise customers across diverse markets. The company ties together techniques for optimizing networks to work with its virtualized storage arrays so that it can deliver what it calls the world’s first cloud-enabled storage system. The company’s first purchase order has come from beta user Robert Half International.
Cirtas said it can securely encrypt all data in transit to and from the cloud, making sure that only authorized users have access to data. If there is a security breach, the Bluejet technology can prevent data from being read or used, as administrators can control who has access. It can also anticipate storage costs and how they fluctuate. And it can manage data for speedy performance.
Cirtas raised money from Shasta Ventures and Bessemer Venture Partners. Existing investors also participating include New Enterprise Associates, Lightspeed Venture Partners, and Amazon.com. The company plans to use the money to expand its infrastructure and accelerate the adoption of its technology.
Amazon is one of the big advocates of cloud computing, which can give businesses more options and better control over how they purchase data storage. Cirtas’s approach to the cloud is tightly aligned with Amazon’s, said Jeff Blackburn, senior vice president of corporate development at Amazon. He said Amazon was most impressed with the ability of Cirtas to migrate large quantities of data into the cloud in a fast, secure, and cost-effective manner.
Beyond Amazon, Cirtas has also secured a strategic alliance with Iron Mountain, which offers archive services. The Cirtas Bluejet product costs $69,995 per appliance. It is available from a variety of industry resellers. The company said it is making free evaluation systems available to customers.
The company was founded in 2008 by Dan Decasper and Allen Samuels. Its team includes veterans of Citrix, DataDomain, NetApp and Riverbed. Cirtas has more than 30 employees. Rivals include storage vendors such as EMC and NetApp, Twinstrata, Nasuni, StorSimple and Panzura.
Messiana replaces Decasper, who will become chief technology officer. To date, the company has raised $32.5 million. Messiana was previously an entrepreneur in residence at Bessemer. Prior to that, he was CEO of Netli and CEO of Dilient Software Systems.
We’ve commented before on the near-impossibilty of teasing decent inflation estimates out of China. Despite that, we were early to comment that inflation was getting out of control. From a joint post with Marshall Auerback in February:
The government has engineered an enormous increase in money and credit in the past year. In fact, it seems to be as great as 5 years’ growth in credit in the previous Chinese bubble. The increase in money and credit is so great and so abrupt that you tend to get a high inflation quite quickly even if there are under utilised resources. Add to this the fact that China simultaneously is providing massive fiscal stimulus.
This combination is the making of a very messy situation. If China seeks to sustain demand via fiscal policy, the result is likely to be a big inflation problem. With many Chinese students steeped in Chicago School monetary theory coming home and assuming positions of authority, they could push for an aggressive, Paul Volcker-style effort to stop inflation.
But, what if the they don’t? Inflation can take off and thereby begin to ERODE the competitiveness of Chinese exports. Nouriel Roubini pointed out this issue in 2007: if China didn’t revalue, inflation would do the trick regardless. A continued high rate of inflation relative to its trade partners would push up the price of goods in home currency terms, which in turn translates into higher export prices. This might be the real reason why China is so reticent to revalue its currency. The Americans might go crazy if the Chinese devalued, but if the inflation is high enough, they might have to do it, as it will severely erode their terms of trade and cause their tradeables sector to collapse.
Or the hard-line monetarists triumphing by fighting inflation and the result is riots as unemployment increases.
Note that we pointed out that China was becoming less dependent on exports, but by increasing investment, which we also saw as unsustainable:
Exports are the only area where China makes any kind of money because they can sell these products for about 10 times what they obtain for a comparable product in the domestic economy (where profits are virtually nil). The export sector is a big contributor to overall super excessive fixed investment in China. Dollar appreaciation means foreign direct investment will go to zero net.
There will be strong forces for a reduction in fixed investment in this large sector. Hence, there is a good chance that even without monetary tightening by the Chinese authorities, the overall fixed investment boom in China will turn down….Nobody is thinking about this scenario but it is a real possibility. And with fixed investment now at fifty per cent of GDP (which is unprecedented in any economy) and exports at more than thirty, we’re looking at ratios that have never been reached before on a combined basis.
And the story in recent months from China has been of evidence of inflation. Consider this recap from Patrick Chovanec:
I’ve consistently argued that pent-up inflation poses a serious threat to China in 2011, I’ve also been predicting that we would almost certainly see the CPI rate dip in December, given the government’s high-profile crackdown on food prices. My reasoning was based on politics, not economics: it was politically imperative for China’s leaders to show they were taking action to rein in the skyrocketing cost of living, and they had the tools at their disposal to enforce a short-term, targeted result.
Price controls, and related crackdowns on speculation and hoarding, make bold headlines but do nothing to solve the economic pressures causing inflation. In China, those pressures arise from the fact that, due to China’s stimulus policies, its money supply has expanded more than 50% over the past two years. There’s just more money out there chasing the same amount of goods. Capping prices can’t change the fact that money buys less; it only changes how people are forced to deal with that fact – usually in a way that creates even bigger problems, like shortages or black market corruption.
Peter Tasker, in a Financial Times comment, argues that rising wages pose a fundamental challenge to China’s strategy:
The China story that has been sold so skilfully all over the world is simply another version of the “new era” thinking that has characterised every investment mania from the South Sea bubble to the dotcom frenzy….
There are good grounds for concern about the future. A significant increase in the profit share of national income, as we have seen in China this century, implies a significant decrease in the labour share – meaning that wages fail to keep up with economic growth. The other side of this is apparent in the gross domestic product numbers – a decline in the contribution of consumption and a ballooning dependence on investment. The longer these trends continue, the greater the ultimate reversal.
We’ve seen this movie before – 40 years ago, to be exact. In the 1960s Japan was achieving year upon year of double-digit GDP growth, fuelled by government-directed investment into infrastructure projects….
In the mid-1950s, Japanese labour had taken 60 per cent of total value added. In the miracle years this ratio fell to 50 per cent, then started a V-shaped recovery in 1970 as the labour market tightened. Ten years later it had soared to a plateau of 68 per cent. These gains had to be fought for. In the 1970s, Japan’s now dormant union movement was in its heyday. Profit margins were squeezed, and in real terms the stock market went nowhere for a decade.
Can workers grab a bigger share of the economic pie before the urbanisation process is complete? In Japan they did. In 1970 Japan’s urbanisation ratio (the proportion of urban population to total population) was still just 53 per cent. Currently the Chinese urbanisation ratio is 45 per cent, roughly where Japan was in 1964. However, Chinese statistics are notoriously unreliable. The floating population of unregistered urban migrants is estimated at between 50m and 140m people. So China’s true urbanisation ratio may already be close to Japan’s in 1970.
If China were to follow Japan, the next stage would be labour strife and inflation. The best way to avoid that outcome would be a radical tightening of the current super-easy monetary policy. But that would risk a serious slowdown and probably necessitate a large revaluation of the renminbi – both anathema to Beijing. Meanwhile, China’s reliance on a cheap currency is helping to fuel a trade war, in the words of the Brazilian finance minister.
There is no good way out of the corner into which China has painted itself. Rebalancing the economy is absolutely necessary. It is also a long-term project fraught with risks for China’s rulers – and for investors who have bought the story of inevitable western decline and unstoppable Chinese ascent.
The tendency of businesses and economies is to push successful models to their breaking point. We’ve over-relied on consumer debt and a cancerous growth of the financial sector; China has become unduly dependent on exports and investment. And each nation is fighting tooth and nail to stick with its old habits, precisely because the elites who’ve benefited from these strategies still wield considerable clout. So change is likely to come about only via disruption.
benchcraft company scam
'Faster, Pussycat! Kill! Kill!' star Tura Satana has died | <b>News</b> <b>...</b>
Actress Tura Satana died yesterday in Reno, Nev., according to the New York Times. Satana appeared in numerous movies and TV shows, including Billy Wilder ...
Fashion <b>News</b> - Week in Review: Kate Moss Gets Engaged, Gisele <b>...</b>
Here's all the fashion news that's fit to print! Enjoy!
AMERICAblog <b>News</b>: BREAKING: Mubarak resigns as head of his party
News and opinion about US politics from a liberal perspective.
bench craft company reviews
[reefeed]
benchcraft company portland or
benchcraft company scam
'Faster, Pussycat! Kill! Kill!' star Tura Satana has died | <b>News</b> <b>...</b>
Actress Tura Satana died yesterday in Reno, Nev., according to the New York Times. Satana appeared in numerous movies and TV shows, including Billy Wilder ...
Fashion <b>News</b> - Week in Review: Kate Moss Gets Engaged, Gisele <b>...</b>
Here's all the fashion news that's fit to print! Enjoy!
AMERICAblog <b>News</b>: BREAKING: Mubarak resigns as head of his party
News and opinion about US politics from a liberal perspective.
benchcraft company scam
Cirtas Systems, a cloud storage hardware company, is announcing today it has raised $22.5 million in a second round of funding and has named tech veteran Gary Messiana as its chief executive.
Small and medium businesses will care about this because it can help them cut costs. Storage systems are getting so complex that they require the architectural expertise of highly specialized people to solve. The amount of data in corporations is exploding so fast that it’s hard to keep up with storage growth needs. By shifting it to the cloud, or Web-based data centers that can be outside of a company’s physical premises, companies can offload the task to others and reduce costs.
Usually, there is a trade-off between the cloud and client-based hardware. The cloud can be slower, but Messiana (pictured below) said in an interview that his company has designed its cloud storage to be as fast as hardware on the customer’s site, mainly by caching frequently used data near the location where it will be accessed. Cirtas uses a hybrid of on-site and cloud storage.
The San Jose, Calif.-based company makes its Bluejet Cloud Storage Controller, a piece of storage equipment that sits in cloud-based data centers. Cirtas deploys Bluejet controllers in a customer’s data center. Bluejet functions just like an on-site storage array, and the technology seamlessly connects to and accelerates the performance of off-site cloud storage services, with fast response to user queries, said Messiana.
The product is aimed at medium and large enterprises and is available now. By tapping the cloud, the company hopes to solve complex security, performance and compatibility issues that stop companies from using cloud storage. One of the big benefits is that enterprises will be able to move their storage from one cloud service firm to another to get better pricing.
Cirtas said it has completed beta tests at more than a dozen enterprise customers across diverse markets. The company ties together techniques for optimizing networks to work with its virtualized storage arrays so that it can deliver what it calls the world’s first cloud-enabled storage system. The company’s first purchase order has come from beta user Robert Half International.
Cirtas said it can securely encrypt all data in transit to and from the cloud, making sure that only authorized users have access to data. If there is a security breach, the Bluejet technology can prevent data from being read or used, as administrators can control who has access. It can also anticipate storage costs and how they fluctuate. And it can manage data for speedy performance.
Cirtas raised money from Shasta Ventures and Bessemer Venture Partners. Existing investors also participating include New Enterprise Associates, Lightspeed Venture Partners, and Amazon.com. The company plans to use the money to expand its infrastructure and accelerate the adoption of its technology.
Amazon is one of the big advocates of cloud computing, which can give businesses more options and better control over how they purchase data storage. Cirtas’s approach to the cloud is tightly aligned with Amazon’s, said Jeff Blackburn, senior vice president of corporate development at Amazon. He said Amazon was most impressed with the ability of Cirtas to migrate large quantities of data into the cloud in a fast, secure, and cost-effective manner.
Beyond Amazon, Cirtas has also secured a strategic alliance with Iron Mountain, which offers archive services. The Cirtas Bluejet product costs $69,995 per appliance. It is available from a variety of industry resellers. The company said it is making free evaluation systems available to customers.
The company was founded in 2008 by Dan Decasper and Allen Samuels. Its team includes veterans of Citrix, DataDomain, NetApp and Riverbed. Cirtas has more than 30 employees. Rivals include storage vendors such as EMC and NetApp, Twinstrata, Nasuni, StorSimple and Panzura.
Messiana replaces Decasper, who will become chief technology officer. To date, the company has raised $32.5 million. Messiana was previously an entrepreneur in residence at Bessemer. Prior to that, he was CEO of Netli and CEO of Dilient Software Systems.
We’ve commented before on the near-impossibilty of teasing decent inflation estimates out of China. Despite that, we were early to comment that inflation was getting out of control. From a joint post with Marshall Auerback in February:
The government has engineered an enormous increase in money and credit in the past year. In fact, it seems to be as great as 5 years’ growth in credit in the previous Chinese bubble. The increase in money and credit is so great and so abrupt that you tend to get a high inflation quite quickly even if there are under utilised resources. Add to this the fact that China simultaneously is providing massive fiscal stimulus.
This combination is the making of a very messy situation. If China seeks to sustain demand via fiscal policy, the result is likely to be a big inflation problem. With many Chinese students steeped in Chicago School monetary theory coming home and assuming positions of authority, they could push for an aggressive, Paul Volcker-style effort to stop inflation.
But, what if the they don’t? Inflation can take off and thereby begin to ERODE the competitiveness of Chinese exports. Nouriel Roubini pointed out this issue in 2007: if China didn’t revalue, inflation would do the trick regardless. A continued high rate of inflation relative to its trade partners would push up the price of goods in home currency terms, which in turn translates into higher export prices. This might be the real reason why China is so reticent to revalue its currency. The Americans might go crazy if the Chinese devalued, but if the inflation is high enough, they might have to do it, as it will severely erode their terms of trade and cause their tradeables sector to collapse.
Or the hard-line monetarists triumphing by fighting inflation and the result is riots as unemployment increases.
Note that we pointed out that China was becoming less dependent on exports, but by increasing investment, which we also saw as unsustainable:
Exports are the only area where China makes any kind of money because they can sell these products for about 10 times what they obtain for a comparable product in the domestic economy (where profits are virtually nil). The export sector is a big contributor to overall super excessive fixed investment in China. Dollar appreaciation means foreign direct investment will go to zero net.
There will be strong forces for a reduction in fixed investment in this large sector. Hence, there is a good chance that even without monetary tightening by the Chinese authorities, the overall fixed investment boom in China will turn down….Nobody is thinking about this scenario but it is a real possibility. And with fixed investment now at fifty per cent of GDP (which is unprecedented in any economy) and exports at more than thirty, we’re looking at ratios that have never been reached before on a combined basis.
And the story in recent months from China has been of evidence of inflation. Consider this recap from Patrick Chovanec:
I’ve consistently argued that pent-up inflation poses a serious threat to China in 2011, I’ve also been predicting that we would almost certainly see the CPI rate dip in December, given the government’s high-profile crackdown on food prices. My reasoning was based on politics, not economics: it was politically imperative for China’s leaders to show they were taking action to rein in the skyrocketing cost of living, and they had the tools at their disposal to enforce a short-term, targeted result.
Price controls, and related crackdowns on speculation and hoarding, make bold headlines but do nothing to solve the economic pressures causing inflation. In China, those pressures arise from the fact that, due to China’s stimulus policies, its money supply has expanded more than 50% over the past two years. There’s just more money out there chasing the same amount of goods. Capping prices can’t change the fact that money buys less; it only changes how people are forced to deal with that fact – usually in a way that creates even bigger problems, like shortages or black market corruption.
Peter Tasker, in a Financial Times comment, argues that rising wages pose a fundamental challenge to China’s strategy:
The China story that has been sold so skilfully all over the world is simply another version of the “new era” thinking that has characterised every investment mania from the South Sea bubble to the dotcom frenzy….
There are good grounds for concern about the future. A significant increase in the profit share of national income, as we have seen in China this century, implies a significant decrease in the labour share – meaning that wages fail to keep up with economic growth. The other side of this is apparent in the gross domestic product numbers – a decline in the contribution of consumption and a ballooning dependence on investment. The longer these trends continue, the greater the ultimate reversal.
We’ve seen this movie before – 40 years ago, to be exact. In the 1960s Japan was achieving year upon year of double-digit GDP growth, fuelled by government-directed investment into infrastructure projects….
In the mid-1950s, Japanese labour had taken 60 per cent of total value added. In the miracle years this ratio fell to 50 per cent, then started a V-shaped recovery in 1970 as the labour market tightened. Ten years later it had soared to a plateau of 68 per cent. These gains had to be fought for. In the 1970s, Japan’s now dormant union movement was in its heyday. Profit margins were squeezed, and in real terms the stock market went nowhere for a decade.
Can workers grab a bigger share of the economic pie before the urbanisation process is complete? In Japan they did. In 1970 Japan’s urbanisation ratio (the proportion of urban population to total population) was still just 53 per cent. Currently the Chinese urbanisation ratio is 45 per cent, roughly where Japan was in 1964. However, Chinese statistics are notoriously unreliable. The floating population of unregistered urban migrants is estimated at between 50m and 140m people. So China’s true urbanisation ratio may already be close to Japan’s in 1970.
If China were to follow Japan, the next stage would be labour strife and inflation. The best way to avoid that outcome would be a radical tightening of the current super-easy monetary policy. But that would risk a serious slowdown and probably necessitate a large revaluation of the renminbi – both anathema to Beijing. Meanwhile, China’s reliance on a cheap currency is helping to fuel a trade war, in the words of the Brazilian finance minister.
There is no good way out of the corner into which China has painted itself. Rebalancing the economy is absolutely necessary. It is also a long-term project fraught with risks for China’s rulers – and for investors who have bought the story of inevitable western decline and unstoppable Chinese ascent.
The tendency of businesses and economies is to push successful models to their breaking point. We’ve over-relied on consumer debt and a cancerous growth of the financial sector; China has become unduly dependent on exports and investment. And each nation is fighting tooth and nail to stick with its old habits, precisely because the elites who’ve benefited from these strategies still wield considerable clout. So change is likely to come about only via disruption.
benchcraft company portland or
benchcraft company portland or
'Faster, Pussycat! Kill! Kill!' star Tura Satana has died | <b>News</b> <b>...</b>
Actress Tura Satana died yesterday in Reno, Nev., according to the New York Times. Satana appeared in numerous movies and TV shows, including Billy Wilder ...
Fashion <b>News</b> - Week in Review: Kate Moss Gets Engaged, Gisele <b>...</b>
Here's all the fashion news that's fit to print! Enjoy!
AMERICAblog <b>News</b>: BREAKING: Mubarak resigns as head of his party
News and opinion about US politics from a liberal perspective.
benchcraft company scam
bench craft company reviews
'Faster, Pussycat! Kill! Kill!' star Tura Satana has died | <b>News</b> <b>...</b>
Actress Tura Satana died yesterday in Reno, Nev., according to the New York Times. Satana appeared in numerous movies and TV shows, including Billy Wilder ...
Fashion <b>News</b> - Week in Review: Kate Moss Gets Engaged, Gisele <b>...</b>
Here's all the fashion news that's fit to print! Enjoy!
AMERICAblog <b>News</b>: BREAKING: Mubarak resigns as head of his party
News and opinion about US politics from a liberal perspective.
benchcraft company scam
'Faster, Pussycat! Kill! Kill!' star Tura Satana has died | <b>News</b> <b>...</b>
Actress Tura Satana died yesterday in Reno, Nev., according to the New York Times. Satana appeared in numerous movies and TV shows, including Billy Wilder ...
Fashion <b>News</b> - Week in Review: Kate Moss Gets Engaged, Gisele <b>...</b>
Here's all the fashion news that's fit to print! Enjoy!
AMERICAblog <b>News</b>: BREAKING: Mubarak resigns as head of his party
News and opinion about US politics from a liberal perspective.
benchcraft company scam
'Faster, Pussycat! Kill! Kill!' star Tura Satana has died | <b>News</b> <b>...</b>
Actress Tura Satana died yesterday in Reno, Nev., according to the New York Times. Satana appeared in numerous movies and TV shows, including Billy Wilder ...
Fashion <b>News</b> - Week in Review: Kate Moss Gets Engaged, Gisele <b>...</b>
Here's all the fashion news that's fit to print! Enjoy!
AMERICAblog <b>News</b>: BREAKING: Mubarak resigns as head of his party
News and opinion about US politics from a liberal perspective.
how to lose weight fast benchcraft company portland or
benchcraft company scam
benchcraft company scam
benchcraft company scam
'Faster, Pussycat! Kill! Kill!' star Tura Satana has died | <b>News</b> <b>...</b>
Actress Tura Satana died yesterday in Reno, Nev., according to the New York Times. Satana appeared in numerous movies and TV shows, including Billy Wilder ...
Fashion <b>News</b> - Week in Review: Kate Moss Gets Engaged, Gisele <b>...</b>
Here's all the fashion news that's fit to print! Enjoy!
AMERICAblog <b>News</b>: BREAKING: Mubarak resigns as head of his party
News and opinion about US politics from a liberal perspective.
benchcraft company portland or
#1. Making cannonballs.Cannonballs are extremely easy to make, requiring a very low skill level in smithing. All you need is steel bars and a cannonball mould. One bar makes four cannonballs a piece. They may not give as much experience as other steel things, but they sell combined for about 800gp, while a steel bar only sells for 500, and then you add the experience you gained, and voila!
#2. Bow strings, the easy way.When many people decide to pick bowstrings for money, they go out to Seer's Village and start picking and then they...NO! That is wrong! It will take you forever and the money you earn will not be worth it. Instead, use all the money you have to buy flax. Then, go to Lumbridge Castle and run from the bank and wheel spinning them. Once that is done, sell them and repeat. This is the fastest way and while it won't make you as much money as picking the flax yourself, it will earn you much more in the long run. Plus, you get quite a decent amount of crafting experience.
#3. Fishing for Lobster.In this guide there will be two fish specifically covered that you can fish for a lot of money. Lobster is the first. Why is lobster on here, and not swordfish? Because lobster will earn you more money. Approximately, Lobsters sell for 250. Swordfish around 450. You get lobsters three times as fast, sometimes more. Do the math, you get a lot more money and actually a bit more experience because you don't always get tuna.
#4. Fishing for sharks. Sharks are also great for money. Also right next to a bank, they might not come out fast, but they sell for around 1,500gp (big money) and also give a lot of experience. Give or take that they are the fastest way to get money fishing, depend on how you go at it.
#5. Law running. Running runes is a fan favorite and rightly so. A full inventory of laws gets you around almost 10,000gp. Entana may not be that close to a bank, but if you can run back and forth to Draynor, you can get profits easily.
#6. Nature running. Same deal as law running...almost. Nats sell for around 300 on average, so a full inventory will net you around 7200gp, probably a bit more. The nearest bank to the altar is Shilo Village, so you might want to have done that quest first. Otherwise it is kind of a long run.
#7. Yews and Magics. Getting your woodcutting to 60 is not hard at all. In fact, woodcutting is one of the easiest skills to level. Yews sell for around 450 each, so you can get quite a lot easily, especially since there are tons around all the banks. Magics, although a bit farther, are great too, but not recommended till atleast 90 woodcutting because it takes way too long. Until then, Yews are better.
#8. Steel bars. This is like the cannonballs, but a bit different. What you need to do is spend all your money on iron and coal, double as much coal as you have iron, and then go to Al Kharid (closest bank to forge) and smelt them. This may take awhile, and not earn as much money as cannonballs, but it is much faster than having to resmelt them all, and you don't even have to sell the steel.
#9. Mithril. Mithril is a sort of inbetween for miners. It comes at just the right place and sells for just the right price. It's fast and easy and is sure to net you some money. The same trick here also works for the steel bars. If you buy all the coal you need for mithril, and the mithril itself, and smelt it, you will make almost twice as much as you spent on the coal and mithril.
#10. Bones. Bone farming is often overlooked, and if you go for the biggest bones, it might be one of the most effective ways to get money. Bones sell for tons of the Grand Exchange. Big bones, from killing giants, sell for 500gp! Bat bones, from those weak level 8 bats, sell for 200! There is tons of money to be made from running bones from the bank. Monkeys, those level 3 pests? The bones sell for 250! It really is easy money. If you find yourself by a bank with a lot of little guys around, why not just take the time and take the bones?
These are 10 ways to easily make money in Runescape. Only a few of them take dedication, and they really are quite easy. I hope this guide helps as you find yourself wanting that dragon chainmail.
big seminar 14
'Faster, Pussycat! Kill! Kill!' star Tura Satana has died | <b>News</b> <b>...</b>
Actress Tura Satana died yesterday in Reno, Nev., according to the New York Times. Satana appeared in numerous movies and TV shows, including Billy Wilder ...
Fashion <b>News</b> - Week in Review: Kate Moss Gets Engaged, Gisele <b>...</b>
Here's all the fashion news that's fit to print! Enjoy!
AMERICAblog <b>News</b>: BREAKING: Mubarak resigns as head of his party
News and opinion about US politics from a liberal perspective.
big seminar 14
'Faster, Pussycat! Kill! Kill!' star Tura Satana has died | <b>News</b> <b>...</b>
Actress Tura Satana died yesterday in Reno, Nev., according to the New York Times. Satana appeared in numerous movies and TV shows, including Billy Wilder ...
Fashion <b>News</b> - Week in Review: Kate Moss Gets Engaged, Gisele <b>...</b>
Here's all the fashion news that's fit to print! Enjoy!
AMERICAblog <b>News</b>: BREAKING: Mubarak resigns as head of his party
News and opinion about US politics from a liberal perspective.
big seminar 14
No comments:
Post a Comment