The GDP growth by select countries of the world since 1960 is shown in the cool animated graphic below. China’s growth since 2000 is astonishing. Click to enlarge Evolución del PBI 1960-2017 de las 10 economías más importantes del mundo!! Me gusto mas que ver una carrera de caballos pic.twitter.com/eEoQ8ubSg7 — Ramiro Marra (@RAMIROMARRA) October …
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Brazilian bank Itau Unibanco(ITUB) has announced a stocks split in the ratio of 1:1 on its ADRs. Holders will receive one additional ADR for each two ADRs held as of the record date. The full details of the stock split are detailed in the notice below. Itaú Unibanco Holding S.A. NOTICE TO STOCKHOLDERS 50% Stock Split: …
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Banco de Chile(BCH) is one of the largest banks in Chile. The ADR closed at $88.26 on Friday but reached over $104 in the beginning of this year. According to a new from the depository the ADR will have a split in the ratio of 3:1 soon. The details of the split are noted below: …
The U.S. and majority of the countries in the world no longer follow the gold standard for money creation. Under that standard, a country had to backup its currency with equal amount of gold. That is no longer the case in the US as President Johnson removed the requirement for the Federal Reserve to hold …
Continue reading ‘On the Exponential Growth of Money and Credit in the US’ »
The longest high-speed train in terms of number of cars started operation in China back in July. The Fuxing train connects Shanghai and Beijing and has a maximum speed of 350 km/hr. It covers the distance of 1,225 kms in 4 hrs and 28 mins. To put this in perspective, its about the same distance …
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