World Wide Income Distribution
Interesting graphic from Nat Geo of the distribution of income. Click image for interactive version.
The Best Way To Help The Poor Is Not To Be One Of Them
UNITED NATIONS — Without too much fanfare, the United Nations admits in its newest report on the progress of the so-called Millennium Development Goals that wealth creation and not wealth redistribution is the main driver behind reduced levels of extreme poverty around the world. Of course, the UN, being an organization that spends most of…
DetailsNot All That Rosy
Piece from the NYT on how hedge funds are not doing all that well. There is a mythology around hedge funds that they are all seeing, all knowing and always profitable when this is very far from the truth. There are obviously giant profitable funds that are run by sane sensible individuals using robust logical…
DetailsDont Let Old People Run Things.
I guess this is what happens when you let someone who is used to old technology run a company that is new technology. Source – Business Insider
DetailsSocialist or Capitalist
Great little piece on the gains in markets under various economic philosophies. This is the most telling chart from the article. You will note that we rank 17th out of 18 countries and the laissez–faire Yanks rank 15th. The orignal article from which this chart is drawn can be found here and it makes a…
DetailsWhat Bubble?
Great chart from The Atlantic regarding venture capital activity in and around social media.
Millionaire Households
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…
DetailsTim Harford on Unexpected Economics
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.
Holy Crap Batman
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…
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