Emerging countries such as Brazil, India, China and Turkey are among the world’s top military spenders. Middle Eastern countries such as Saudi Arabia and UAE also spend heavily on military since they can afford it. However it is questionable if they really need all the expensive military toys they buy from western defense contractors.
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Source: Sputnik News
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Punta Cana Beach, Dominican Republic
Last week I posted the Periodic Table Of Investment Returns for Developed Markets. In this post, lets take a look at the chart for emerging markets from 2005 to 2014.
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Brazil has been a poorly performing emerging market since 2010. Unlike China and India, the country is blessed with natural resources and has plenty of potential. But as a democratic country, corruption and lack of political vision continue to prevent the country from realizing it full economic potential.
Source: Henderson Global Investors
The original World Trade Center(WTC) twin towers in lower Manhattan opened on April 4, 1973. They stood majestically over the NY skyline until they were destroyed by terrorists on September 11, 2001.
I came across the following interesting ad in the Life magazine during the construction of the towers:
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Source: Life