Where Would Separation Leave Catalonia and Spain Economically?
Catalonia’s economy is larger than 12 other countries in the EU including: Hungary, Finland, and the Baltic countries combined
Image of the Day: First Image of the Ruins of Machu Picchu
“The ruins of Machu Picchu covered in jungle growth in this 1911 photograph taken when Yale archaeologist Hiram Bingham first came to the site”
El-Erian: Never Underestimate the Power of Central Banks
The vulnerability is the gap between the fundamentals that remain sluggish and asset prices which are high
Map of the Day: the Evolution of Modern Government
Submitted by Taps Coogan on the 1st of October 2017 to The Sounding Line. The following map, from Our World in Data, shows the evolution of government around the world […]
Image of the Day: Island of the Dead
Arnold Boecklin – Island of the Dead (third version) – 1883
Catalonia Economically More Similar to the Eurozone Than to Spain
“Catalan residents represent about 16 percent of the country’s population. Yet these same residents contribute 20 percent of Spain’s taxes”
Cartoon of the Day: Equifax Credit
Submitted by Taps Coogan on the 29th of September 2017 to The Sounding Line. Via the great cartoonist Michael P. Rameriz, with no further comment:
Charles Millard: Massive Pension Shortfalls Are Understated
So that’s either a 10% budget cut for everything else or a 10% tax hike in a city that can’t really afford a 10% tax hike
Norway’s Sovereign Wealth Fund Is the Size of the Entire Mexican Economy
It equates to more than $190,000 for every one of Norway’s 5.2 million citizens
Image of the Day: Over the Ultimate
Rockwell Kent, Over the Ultimate, 1926