Income growth is highly uneven between poor, middle and rich Americans. Technological advances and increases in productivity have not helped the working and poor sections of the population. Instead much of the wealth created have largely gone to the upper middle-class and the top 1% of the society due to state policies, laws and tax …
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Small island nations – how much do you know? (The Guardian) U.S. unemployment rate falls to seven-year low (MarketWatch) but The road to recovery: furloughs, layoffs and job numbers that shade the truth (The Guardian) Fastfood not good for workers or suppliers – Frappuccino society (Le Monde) Paul Krugman: Australia can weather the Chinese economic downturn (The Guardian) The …
Canada is primarily a resource-based economy with oil and minerals accounting for a major source of export revenue. As the price of oil plunged in the past year or so, commodity-based economies such as Brazil, Russia, Australia, Canada, etc. are suffering. After being resilient for a few months, the Canadian economy has now officially entered recession. From a …
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Emerging markets have performed poorly so far this year. While this year’s meltdown in emerging markets can be attributed to China’s economic slowdown, some emerging markets such as Brazil have been in a downward trend for a few years now due to domestic issues. The widely-followed MSCI Emerging Markets Index is down by over 4% as of …
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Last year I wrote an article on why investing in U.S. multinationals is not the same as investing in foreign companies. From that article: Michelle Gibley of Charles Schwab discussed the reasons for investing in foreign firms instead of U.S. multinationals in an article back in May. From the article titled “4 Mistakes to Avoid in International …