Tag: inflation

Categories
Economy

Apple is the good guy in terms of containing the inflation

Reading Time: 2 minutes

Yesterday, with the launch of Apple’s new iPhone 15, some people noticed that Apple released a new USB C to lightning adapter. And, it’s going to cost $29 dollars. Such a rip-off 🙂

USB C to Lightning adapter

However, few people touted that Apple kept the iPhone 15 price the same as iPhone 14, while at the same time slashing the iPhone 14 price. See the chart at the beginning of the post. And yours truly ran two survey on the interest in buying iPhone 15 last week too.

09-06-2023 Survey
09-07-2023 Survey

We all know the Fed is printing money like a drunk sailor, and with the pandemic relief in 2020, etc., there is much more money lying around. And it’s the major factor that’s responsible for the US inflation.

Money printing by the US Fed

In some sense, the soaring housing price can be attributed to that. Below is a house in my neighborhood that just hit the market.

Full disclosure: I own a few shares of Apple stock $AAPL as of now 09-13-2023

Categories
China Stocks

Shanghai report: income vs. spending

Reading Time: 2 minutesShanghai is an expensive city. I’m not talking about the red hot housing market, we all know the housing is getting very expensive here. I was talking about the relative income vs. spending.

Income
Yesterday evening an old friend of mine, who works for a investment research firm, told me a fresh graduate is paid CNY 3,000. This is actully fairly high pay for new college graduate, cosidering financial is a hot area, and the fresh graduate is from Tsinghua/Bei Da (think that as MIT, or Harvard of China), with very good spoken English.

Experienced people are paid more. I learned from anothetr friend who is a HR executive, about 10% of people makes more than CNY 10,000 per month. Note this is also the threshold of income tax.

In the IT arena, I know some senior developer positions at MSFT pays more than 20,000 Yuan per month. I believe other multinational companies should have equivalent pay.

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