Watch List

By Econ70 | 05/17/2013
A man standing at a podium with his hands raised.

The Friday File: In 2011, 1.15 billion watches sold for $30 billion. China sold the most, almost 700 million pieces, and at an average price of $2/watch; their industry was worth $1.5 billion. By contrast, the average price of the 30 million Swiss watches was $685/watch, making their industry worth $20.5 billion. Hong Kong was…

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Unfunded Liabilities

By Econ70 | 06/22/2011
A man in a suit and glasses is holding his hands up

Advanced economies with aging populations have made lavish spending promises that are unafforadable absent huge tax increases. In Canada the “unfunded” amount is 7 times GDP. In Korea it is 6.8, in Spain it is 6.5, here in the USA it’s 5, in Australia it’s 4.8, in the UK 3.3, in Germany 2.8. France 2.7,…

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