The U.S. Federal government runs large deficits year after year. This is because total government expenditures far exceed total revenues. For example, under the Obama administration the Federal deficit was $1,293 billion and $1,300 billion for the fiscal years 2010 and 2011 respectively. For the fiscal year 2012 it is projected to reach $1,327 billion. Federal government expenditures rose …
The following chart shows the price of an index of commodity prices from 1800: Click to enlarge Source: Quarterly Commentary 2, Allan Gray Investment Management, South Africa Despite the rise in commodity prices in the past two decades the long-term trend is still down. According to the author of the report, over the past two centuries …
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The world’s total population was about 6.9 billion in 2011 out of which 1.3 billion people live in China. So about one in five people in the world are Chinese. But China’s population has been declining since the mid 1970s primarily due to the country’s One-Child Policy. According to one estimate, by 2050 India is …
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