IRS_FFI_FATCA_MM_KP_MN_AF

The IRS, for all its flaws, is perhaps not surprisingly also one of my favorite sources for statistics.  Although I have heard rumors about the IRS being short-staffed and still having to store records on magnetic tape, they still do a remarkable job administering what is probably the world’s most complex and convoluted tax system …

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Posted on: January 20, 2015 | Author: Tariq
512px-Fort_Santiaigo_in_Intramuros

A.) The market is rationally pricing in a “new normal” with low growth, high demand for long-term pension income, and relatively lower risk in low-cost / high-growth countries like Philippines vs. “entitlement expense”-burdened countries like Spain B.) The bond bubble has reached an unsustainable peak, both in terms of long-term USD rates and credit spreads of …

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Posted on: January 19, 2015 | Author: Tariq
The relative share of PPP GDP in ASEAN has been relatively even and mean-reverting compared with the dominant growth trend seen in the BRICs and Greater RICs.

ASEAN’s Facebook page occasionally posts statistics about how significant ASEAN as a bloc is in the scope of global emerging markets.  Collectively, ASEAN houses over 600 million people with a PPP GDP of US$6.6 trillion, roughly the size of Brazil and Russia combined. Today’s chart shows that unlike the BRICS or the “Greater RICs” charted …

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Posted on: January 8, 2015 | Author: Tariq
Map of the "G8" countries, courtesy of Wikipedia.  In this article I used Australia and New Zealand instead of Russia, which is roughly an even switch in nominal terms, but Russia is more than twice the size of Au+NZ in PPP terms.  Even though both are sparesely populated and primarily energy/mining economies, I rarely see them compared.

I like to begin the new year, and even many new weeks, with some perspective on “big picture” numbers.  As we enter 2015, one of the big stories / numbers / trends is China (specifically the PRC) overtaking the US as the world’s largest economy, at least in PPP terms.  The BBC’s “More or Less” …

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Posted on: January 5, 2015 | Author: Tariq