If you were asked to generate a list of which countries had the most millionaires as a percentage of their population would you have come up with this list. Proportion of millionaire household by market 1. Singapore 15.5% 2. Switzerland 9.9% 3. Qatar 8.9% 4. Hong…
Tim Harford who does a wonderful series of podcast on the BBC – all of which are available on itunes talks about finding economic lessons in unusual places.
Someone dropped this into my inbox. It is 20 facts about the US housing market generated by Economic Collapse I think everyone in their right mind agress that the US housing market has essentially dropped its guts all over the US economy but these facts are fascinating in the level of damage it has done…
I have seen a few pieces online in recent weeks predicting the end of the world as we know it because of soaring commodity prices. Some such as Jeremy Grantham one of the founders and Chief Strategist of Grantham Mayo Van Otterloo (GMO) is predicting a paradigm shift in commodity prices. To quote the opening…
An interesting graphic from The Economist depicting who is picking up the bill for bailout of Portugal, Ireland and Greece. The price of having a government that cannot run a hot bath is very high…for others.
This is from Chart of the Day who occasionally produce some interesting charts – although most of the time they are obscure things such as measuring GDP in gherkins The chart below is the long term inflation adjusted median price of US housing. Not only did housing prices increase at a rapid rate from 1991…
I enjoy capitalism and capitalism via trading because it gives you almost immediate feedback as to your success or failure – there is no need to wait a round to see how things went. The one thing that does give me a chronic case of the squirts is corporate welfare, we have already had the…
If I am reading this correctly, what they are saying is that forecasting is a waste of time. Perhaps they should have consulted the extensive work of Philip Tetlock before going to the trouble.
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