The new issue of the Credit Suisse Global Wealth Report (2015) has been published. Below the distribution of global wealth.
Nothing changed much since we posted the previous version here. As I commented regarding the previous version, the poor are fundamentally in Africa, India, and Asia-Pacific (mainly Bangladesh, Indonesia, Pakistan, and Vietnam), while the wealthy are in the US, Europe and Asia-Pacific (i.e. Japan). China has more people in the middle section of the wealth distribution than at the extremes.
PS: Also posted (with a different graph) on this in my personal blog here.
The graph comes from Mike Konczal’s review of Naomi Murakawa’s The First Civil Right: How Liberals Built Prison America in Dissent. The book disscusses the role of Liberal (in the American sense of the word) role in the rise of prison population.
Figure below shows that while the official figure for the Pentagon spending abroad was around 22 billion dollars, the actual one was more like 71 billion dollars. That does not include the additional spending with wars (another 97 billion or so).
From Base Nation by David Vine.
Data expected to show that coverage rates after Obamacare have increased significantly, and that the percentage of uninsured has declined to around 11%. Read more here.
Next week the Fed decides (or not) to start raising interest rates. The graph shows that both the European Central Bank (ECB) and Sweden’s central bank, the Sveriges Riksbank, did that in the recent past, only to be forced to reverse their stance. The Wall Street Journal piece here (subscription required).
Yes, that was the GOP back in 1956! Originally published here.
I’ve been off almost all summer. That’s true in my own blog too. Hope to re-start slowly now. Below commodity prices, which have fallen to their 2011 level, and are about 1/3 lower than the last peak.
The consequences can sure be dire for commodity exporters. I had developed a cautiously optimistic story here. I might be wrong, of course.