Disclaimer

Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. But I can't by law give you advice, and I do make mistakes. Remember: the unexpected sometimes happens. Oddly enough, the expected does too, but all too often it takes longer than you thought it would, or on the other hand happens more quickly than you expected. The Goddess of Markets punishes (eventually) greed, folly, laziness and arrogance. No matter how many years you've served Her. Take care. Be humble. And don't blame me.

BTW, clicking on most charts will produce the original-sized, i.e., bigger version.

Monday, November 12, 2012

The rise and rise of China



Some interesting factoids here.

China now world's second largest economy at official exchange rates, though it's been second largest for a while now at PPPs.  At PPPs, my estimate is that it is now about 3/4 of the size of the US economy (US roughly 22% of the world economy, China +-15%)   'Course, it has far more ppl.  Per capita, it's still some way behind.


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