Economy
The Triad of the World Monetary System
I came across an interesting article titled “Century of China” is at hand by Berlin Irishev in The Asset magazine of Hong Kong. From the article: If two vertices of the triangle are represented by the USD and the euro, the third one is Asian, represented by the Chinese yuan/renminbi and the Japanese yen. The [...]
Three Reasons Why the U.S. is Better Than China
In the second quarter of 2010, the Chinese economy surpassed that of Japan making it the second biggest economy in the world. In the past few years a general belief has developed that China is on its way to become an economic superpower. However the popular notion that China is getting better than the U.S. [...]
Chart: World Debt Clock
The live chart for the “Public Debt to GDP ratio” and “External Debt to GDP ratio” of select countries can found in the US Debt Clock site. Click to enlarge Source: US Debt Clock The screenshot above is as of November 6, 2011. For the latest data please go to their website.
One Year U.S. Interest Payments on National Debt
The current US National Debt is over $14.8 Trillion. Much of this debt is owed to U.S. residents. Among the external creditors, China is the largest holder of U.S. debt. The U.S. spends a large portion of its budget each year in the form of interest payments to service the huge debt load. The following [...]
Comparison of Poverty Levels: Brazil vs. U.S.
The percentage of population living in poverty continues to decline in Brazil but is increasing in the U.S. in recent years. The following chart shows the decline in poverty and income distribution in Brazil since 1990: Click to enlarge Source: Economic Survey of Brazil, OECD The OECD report notes that the poverty rate has declined [...]
Some Interesting Facts About Investing in the 1800s
I Wall Street in the 1800s I came across a paper on total returns of bonds, stocks and bills by Dr. Bryan Taylor of Global Financial Data, Inc. The following are some interesting facts from the paper about investing in financial assets during the 1800s in the U.S. : “Most people invested in bonds, not stocks [...]
