Kyle Bass: China Running out of Dollars
“In four short years, their imports of crude have gone up 50%”
Do You Earn Enough to Afford a House in the Largest U.S. Metros?
Four of the five most expensive cities can be found in California
The Powell Pivot: The Opposite of the ‘Volcker Moment’
The significance in this era of monetary policy is not in central banks extreme responses to the Financial Crisis, but their subsequent refusal to normalize that policy at any cost, however modest
India Poised to Overtake China as Most Populous Country in Just Five Years
India is expected to reach ‘peak population’ in the late 2050s at around 1.7 billion people
Mapping the Global Migration of Millionaires
Over 15,000 Chinese HNWIs chose to migrate to other countries in 2018 – the most significant migration of any country
Map: The Most Valuable Agricultural Commodity in Each State
The United States is the world’s largest exporter of agricultural products
In Brief: US Wages Finally Get back to Where They Were in 1973
Meanwhile, inflation adjusted GDP has grown over 232%, inflation adjusted GDP per capita has grown 113%, and the S&P 500, adjusted for inflation, has grown 299%.
Leland Miller: China Growth Positive But ‘Credit Soak’ Can Only Continue with ‘Dramatic’ Interest Rate Cuts
“Every rally in China is credit soaked. This one is particularly so”
Peter Boockvar: Perpetual Easing Is No Longer Accommodative
“30 years of low interest rates in Japan is no longer accommodative. It’s actually restrictive”
Briefly Comparing the Last Ten Economic Expansions
Whether looking at GDP growth, corporate profits, or even the S&P 500, the current expansion has been among the weakest in post-war history