Source – Bloomberg
PS: Depressing to think that Norway’s SWF is ten times the size of our Future Fund despite Australia being one of the most resource rich countries in the world. Chalk another failure up to stupid narrow-minded self-interested politicians.
It’s pricey out there—particularly if you’re looking to replace the grand piano in your jet. Our Cost of Living Extremely Well Index (CLEWI) climbed 3.4% this past year, more than a point above its 2018 increase. It rose nearly twice as much as the Consumer Price Index, which was up 1.7%. Since we started tracking…Details
More here – TheDrive
If you are one of those then suck it up Princess you have no idea how lucky you are to even contemplate trading as a career.
In April of 1958, Hunter S. Thompson was 22 years old when he wrote this letter to his friend Hume Logan in response to a request for life advice. Thompson’s letter, found in Letters of Note, offers some of the most thoughtful and profound advice I’ve ever come across. More here – Farnham StreetDetails
A bit of fun for a Monday morning. Source – How Much – Understanding MoneyDetails
These days, not even the rich feel rich. According to a recent survey by the financial-advisory firm Ameriprise Financial, only 13 percent of American millionaires classify themselves as wealthy. Even some of those surveyed who had more than $5 million across their bank accounts, investments, and retirement accounts said they didn’t feel rich. If multimillionaires don’t feel…Details