Manufacturing is the largest sector of the German economy. More specifically, the auto manufacturing industry is the largest in Germany. As a result, the German stock market tend to follow the auto industry. The following chart shows how the German stock market is highly correlated to the auto industry: Click to enlarge Cumulative total return …
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The following is a fascinating map showing the travel times from London to the rest of the world in 1881 produced by the Royal Geographical Society. In those days London was the center of the universe. Even in those days all of Europe was reachable within 10 days. The travel time from London to the east …
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US equity markets tend to perform better when a democrat is president than a republican president. During republican administrations economy tend to be stagnant or have lackluster growth. During democrat presidents’ administrations the economy tends to grow leading to higher stock market returns. From an article in FT Alphaville quoting a recent working paper by Lubos Pastor and Pietro …
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Steel is one of the important metals of the modern world. The following infographics shows some of the interesting facts about steel: Click to enlarge Source: World Steel Association
The global automobile industry is not a highly competitive industry with thousands of players. Instead just like in other major industries, the auto industry is an oligopoly where a handful of firms dominate the market. Small companies trying to enter and compete against the giants is mostly impossible. For example, in the US the market …
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