Thursday, October 17, 2013

Is the US Stock market too high?

 No, This Time is Different!


On October 14, 2013, two days before US Congress agreed to raise the debt ceiling, John Hussman wrote the following in his weekly newsletter, 


"[E]very market collapse ultimately comes as a surprise to investors, because something always convinces them that this time should have been different." 


For full article, please visit: http://www.hussman.net/wmc/wmc131014.htm









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Friday, October 11, 2013

How Wealthy are Politicians?

 USA v.s. China


The 50 richest members of America's Congress are worth $1.6 Bn. In China, the wealthiest 50 delegates to the National People's Congress control $94.7 Bn.

The richest person in America's Congress is worth $355 Mn. The richest in China's Congress, $18.7 Bn.

The 5th richest person in America's Congress is worth $84 Mn. The 5th richest in China's Congress, $2.9 Bn.

The 50th richest person in America's Congress is worth $7 Mn. In China's Congress, $600 Mn.

The average wealth of the 50 richest American Congressmen is $31 Mn. In China's Congress, $1.9 Bn.

In America's Congress, the average age is 60, with the youngest and oldest being 32 and 80 years old. In China's Congress, the average age is 56, with the youngest and oldest being 40 and 71, respectively.


Baseline. Per capita income in the US was $52,000 in 2012, versus $6,000 in China, according to the International Monetary Fund, as reported in Wikipedia









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