US millionaires grew 7.8% in 2009 | read this item
U.S. Millionaires Grow 16% to 7.8 Million in 2009
Follows Sharp Decline the Year Before
Households Worth $5 Million or More Increase 17% to 980,000
The number of U.S. households with a net worth of $1 million or more, not including primary residence (NIPR), grew 16% to 7.8 million in 2009, up from 6.7 million the year before, [...]
The structural change in the Indian economy | read this item
The share of investment in India is now approaching that of China’s, which invested an average of 40.7% of its GDP in the five years ended 2008.
The ongoing recovery from the current downturn will be driven by investment—that’s the message that comes through from the gross domestic product (GDP) growth estimates put out by the [...]
Oedipus wrecks
By Chan Akya
Asia Times
Heaven is where the cooks are French, the policemen are English, the mechanics are German, the lovers are Italian and the bankers, Swiss. Hell is where the cooks are English, the policemen are German, the mechanics are French, the lovers are Swiss and the bankers Italian.
India, China have major role in revival of global economy: IMF | read this item
The International Monetary Fund has said India and China are playing a significant role in the revival of the global economy.
“When you have two relatively large economies growing at 7 and 10 per cent, respectively, India and China, they are contributing quite a lot to global growth,” IMF Deputy Director, Asia and Pacific Department, [...]
China's economy may surpass Japan-Goldman | read this item
“I believe it can happen already earlier (than 2011). Maybe already in the middle of this year,” O’Neill told German Sunday newspaper Welt am Sonntag, who forecast that China’s economy would triple by 2020 due to 8.3 percent annual growth. “The big story in the post-crisis global economy is: China imports!”
This nevertheless means that the [...]
The American Economy: Introspect and Mull | read this item
In my continuing series of analyzing country data and macro balances, I present the American economy and the long term patterns.
My previous post was on India: Why am I so Bullish on India?
The American dream has been under severe test over the last 2 years. Many have written it off while there are a few [...]
Goldman Bonuse row: Donate to charity? | read this item
GS has encouraged its employee to donate “small” part of their bonus to charity. This is being done to sooth the nerves of ant bonus lobby that has been gaining steady strength in the US and UK.
Telegraph quotes on Jan 17, 2010
Analysts expect the bank to say on Thursday that it has produced profits [...]
The US, India, China and Russia: economic heavyweights shape up for 2010 | read this item
United States
If 2009 was all about recession, for Wall Street, 2010 will be all about recovery. One of the first signs of this will be seen in bankers’ pay packets. January will be the month when investment banks such as Goldman Sachs and Morgan Stanley, and the more diversified conglomerates such as Citigroup and Bank [...]
Japan's exports post slowest decline in 14 months | read this item
Japan’s exports posted their smallest fall in 14 months in November as robust Asian demand bolstered hopes a recovery in trade will avoid another recession in the world’s second-biggest economy.
Exports, a mainstay of Japan’s economy, fell 6.2 percent to 5.0 trillion yen ($55 billion) from a year earlier, the finance ministry said Monday. In October, [...]
More Impressive Economic Numbers for China | read this item
Beijing on Friday announced its economic numbers for November and analysts are saying they are good news for China as it coasts towards 2010. Strong economic growth continues to be powered by state spending through the $586 billion stimulus package as well as substantial lending (total credit and money growth was up 34% in November [...]
The American Economy: Introspect and Mull | 
