Map: The World of Millionaires
The United States has over four times more millionaires than China
Christopher Balding: Epicenter of Global Slowdown Is China
“Chinese households now have more debt than most developed countries like the United States, Japan… when compared against household income numbers”
The More the Fed Cuts, the More QE It Will Have to Do
The overshoots in the repo market are a classic case of price fixing gone wrong
Mark Mobius: Companies Must Now Diversify Away from China
‘India will be the next big thing’
Daniel Lacalle: Next Crisis Will Be in Sovereign Debt
“Who’s been to Japan? It’s not cheap”
Diego Parrilla: We Are All Mistaking Selling Insurance Premiums for Actual Income
‘Going from risk-free interest to interest-free risk’
In Brief: The US Spends over Twice as Much of GDP on Welfare than Communist China
Western democracies are redistributing far larger portions of their economies through progressive tax schemes and social welfare than the self-proclaimed communists
George Friedman: ‘Walt Disney Fantasy’ View of Globalism Is Ending
“Economic interest are important but not the deciding factor in what drives nations”
Daniel Lacalle on the Causes of Depressed Commodity Prices and Slow Growth
“At the end of the day, monetary policy is dis-inflationary because it is perpetuating overcapacity”
American States, Chinese Provinces, and World GDP
Fast forward to 2018, and California is the third largest economy in the world (excluding the US and China)