Watch as open exchange and private property spark an acceleration of wealth and health over the last 200 years on six continents. Visualization of complex stats simplifies and clarifies.
The thing is, theres a much simpler explanation. During the period from early September to early November, we enjoyed a period of global stability and improving economic data, and thus there was little desire to hold dollars. Since then weve been buffeted with headllines out of Europe and Asia, and so the risk off trade is back, and dollars are back in style.Whats so hard to figure out? via CHART OF THE DAY: Time For You To Admit
CARPE DIEM: Global Output Reaches All-Time High in June; World Economy in New Cycle of Economic Growth
According to the Netherlands Bureau for Economic Policy Analysis, world industrial production increased in June for the 15th straight month after declining in 11 out of 12 months between April 2008 and March 2009 (see chart above). Compared to last June, world output has improved by 10.4% year-over-year, and June was the sixth consecutive month
I have gone through this book one time and it struck me that everyone should read this so we can learn to be optimistic again. Less about politics and ideology and more about economic history, "The Rational Optimist" shows why the good old times weren't that good after-all! An investor needs to
Don Boudreaux of Cafe Hayek thanks Senator Schumer for once again demanding a dollar depreciation versus the Yuan (oh you say he wants them to "revalue" the Yuan - what's the difference?), the removal of a vast American consumer "subsidy"courtesy of the Chinese fixed exchange rate that has increased the standard of living for all Americans (including the incredibly purportedly shrinking Middle Class) and the increased input prices of American manufactured goods - decreasing our competitiveness. Way to go Chuckie. Rarely can
