The current US National Debt is over $15.7 Trillion or 15,760,417,329,521.12 to be exact as of Sept 20, 2018 according to the US Treasury. The interest due on this huge mountain of debt is also huge. According to an article, the interest on this debt accounts for 7.4% of the US Federal Budget making it the …
Continue reading ‘Interest Payments on National Debt: Chart’ »
Automation is being embraced by many industries across the world. No longer automation simply involved using robots to perform complex physical and dangerous tasks in the industrial sector. Today robots are used not only for physical tasks but also for cognitive tasks according to a report on automation by Deutsche Bank. The author Jim Reid …
Continue reading ‘Robot Density in Emerging and Developed Countries’ »
FT Alphaville published an interesting analysis on why manufacturing jobs in the US are better than other jobs. The article basically debunks Gary Cohn, ex-head of the President’s National Economic Council simplistic and lack of critical thinking views on why one would prefer a nice cushy office job in an air-conditioned office than working in mine …
The balance sheets of major global central banks have steadily increased since the Global Financial Crisis of 2008-2009. The chart below shows the balance sheet figures measured against the percentage of Global GDP: Click to enlarge Source: The Long Unwinding Road—Navigating Regime Shift, T.Rowe Price
The GDP Growth forecasts for the top 12 global oil producing countries are shown in the chart below: Click to enlarge Source: 2019 Economic Outlook for the Top Oil Producing Countries, Focus Economics