Despite Recent Crises Foreign Developed Country Stocks Yield Better Returns

In addition to the global financial crisis, foreign developed-country stocks have endured the Greek debt crisis, weakness in European currencies, doubts over the strength of the global recovery, etc. in the past couple of years. Accordingly many of the developed-country equities have been the worst performers so far this year. For example, the Spanish IBEX …

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Growth of U.S. Personal Consumption, Income and Household Liabilities

The U.S. economy at over $14.0 Trillion is the largest economy in the world. However personal consumption accounts for most of the GDP. Since the late 1990s, the share of personal consumption in the GDP has been growing consistently and exceeded the long-term average of  about 66%. In 2009 it peaked at 71% of the …

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