One of the reasons for the current bull market in US equities is the limited number of publicly listed companies. As more and more cash enters the market chasing a declining number of firms leads to more concentration. The chart below from a recent article at Schwab shows the dramatic fall in the number of …
Continue reading ‘Falling Number of Listed Companies in the US Market: Chart’ »
I came across an interesting article in the journal this week by James Mackintosh discussing Protestantism and Capitalism. The key argument in his piece is that the more individualistic a country is, the better it is for economic growth and innovation. For example, the US leads the world in iinovation especially in technology. No other place in …
Continue reading ‘WSJ Article: Individualistic Countries Have Higher Economic Growth’ »
The US economy is a consumption-driven economy. Hence American consumers traditionally tend to spend than save. The personal saving rate grew after the global financial crisis of 2008-09 and reached a peak of 11% in Dec, 2012. But since then a growing economing and falling unemployemnt have led to a decrease in the saving rate …
A neat infographic on the emerging field of Artificial Intelligence(AI): Click to enlarge Source: MarketEye, BNY Mellon
The US economy is the largest in the world. However in terms of growth rate, many emerging markets are growing at a much higher rate than the US. This is especially true with the major emerging economies of China and India according to a note by Colm McDonagh of Insight, a BNY mellon Company. Click to …
Continue reading ‘On the Importance of US Growth To Global Economy: Infographic’ »