spartacus686 Posted June 22, 2015 Share Posted June 22, 2015 (edited) LAST year, global private wealth grew by 12%, or $17.5 trillion, to reach $164 trillion (in stocks, bonds, savings and cash) according to a report released this week by BCG, a consultancy. Good news for many, but particularly for Asia, where private wealth grew by a whopping 29% compared to 5.6% in North America and 6.6% in Europe. For the first time in modern history, Asia is now richer than Europe. And it is catching up with North America too; by 2019 the region Edited June 22, 2015 by Jacky L. Unnecessary link removed +E.Worm Jimmy and Vladimir Diderot 2 Share Link to comment Share on other sites More sharing options...
+Fahim S. MVC Posted June 22, 2015 MVC Share Posted June 22, 2015 What does 'modern history' mean here? Just curious... Link to comment Share on other sites More sharing options...
Intersect Posted June 22, 2015 Share Posted June 22, 2015 ignore him he is just spaming the forum. The Evil Overlord 1 Share Link to comment Share on other sites More sharing options...
adam7288 Posted June 22, 2015 Share Posted June 22, 2015 Doesn't seem like spam to me. It is an interesting and insightful macroeconomic analysis. Don't mistake this for any sort of qualitative per capita statistics. Translation: Asia has a lot more people. +E.Worm Jimmy and Vladimir Diderot 2 Share Link to comment Share on other sites More sharing options...
Vladimir Diderot Posted June 22, 2015 Share Posted June 22, 2015 Doesn't seem like spam to me. It is not spam to me. +E.Worm Jimmy 1 Share Link to comment Share on other sites More sharing options...
Anibal P Posted June 22, 2015 Share Posted June 22, 2015 Does this mean the EU will start "fining" Asian companies instead of American companies? Link to comment Share on other sites More sharing options...
ctebah Posted June 22, 2015 Share Posted June 22, 2015 Does this mean the EU will start "fining" Asian companies instead of American companies? They should, specially the Chinese ones and their 'dumping' practices. For example, we just outfitted a house in Serbia with Chinese made Solar Panels for basically pennies. They cost less than a tenth of what they would in the rest of the EU or even in Canada. Link to comment Share on other sites More sharing options...
Rippleman Posted June 22, 2015 Share Posted June 22, 2015 This was seen coming long ago. Numbers matter. 1/3 the world is in that area. An old saying that was common when I was young was.. "wish I could sell just can of coke to every chinese citizen for just 1 day". Link to comment Share on other sites More sharing options...
tompkin Posted June 22, 2015 Share Posted June 22, 2015 I had read several years ago that China was expected to replace the U.S. as the #1 economy in the world, but i think they estimated that it would be sometime between 2030 and 2040. Also, on my Twitter feed earlier this year, Bill Gates (authentic) posted that during the years 2013-2014 China laid more concrete than the U.S. did during the entire 20th century. So yeah, it's looking interesting. Link to comment Share on other sites More sharing options...
The Evil Overlord Posted June 23, 2015 Share Posted June 23, 2015 Doesn't seem like spam to me. It is not spam to me. Well then it must not be spam oh wait Link to comment Share on other sites More sharing options...
Shiranui Posted June 23, 2015 Share Posted June 23, 2015 Doesn't seem like spam to me. It is not spam to me. Considering this is your only post, that doesn't carry much weight. The Evil Overlord 1 Share Link to comment Share on other sites More sharing options...
spartacus686 Posted June 23, 2015 Author Share Posted June 23, 2015 See, this article is a bit misleading. From an economic standpoint, wealth can be measured in numerous ways. In this article, it's heavily biased on liquidity (real hard cash), rather than other factors that can also be used to measure a country's wealth (e.g. skillfulness/education of citizens, resources). Link to comment Share on other sites More sharing options...
The Evil Overlord Posted June 23, 2015 Share Posted June 23, 2015 See, this article is a bit misleading. From an economic standpoint, wealth can be measured in numerous ways. In this article, it's heavily biased on liquidity (real hard cash), rather than other factors that can also be used to measure a country's wealth (e.g. skillfulness/education of citizens, resources). Wait a sec... you posted the article, if you disagree with it, why post it in the first place? Link to comment Share on other sites More sharing options...
spartacus686 Posted June 23, 2015 Author Share Posted June 23, 2015 I'm not disagreeing with it. I'm pointing out that there's multiple sides of the story. What do you guys have against me anyway? Link to comment Share on other sites More sharing options...
The Evil Overlord Posted June 23, 2015 Share Posted June 23, 2015 Seeing as you asked . And I have nothing personal against anyone on this site, but you insist on linking to rival feeds and I did answer you with the rules laid out by site admins yet you continue to link to rival feeds But for the sake of harmony, Welcome and please, if reporting news is a passion, try contacting our news team, and if you're successful, you get to make reports on the site's news sections and you get a cool badge ctebah and spartacus686 2 Share Link to comment Share on other sites More sharing options...
spartacus686 Posted June 23, 2015 Author Share Posted June 23, 2015 Seeing as you asked . And I have nothing personal against anyone on this site, but you insist on linking to rival feeds and I did answer you with the rules laid out by site admins yet you continue to link to rival feeds But for the sake of harmony, Welcome and please, if reporting news is a passion, try contacting our news team, and if you're successful, you get to make reports on the site's news sections and you get a cool badge Oh. I think there might be a misunderstanding. It was never my intention to drive users to a "competitor feed". I post the other site because it has a really up-to-date, decent news feed. Though it's a shame that it's only a feed. So I'd thought I'll share with the community here and we can have a discussion of some of the topics here. Because quite frankly, it can be boring reading the news when you have no one to share it with. My main goal is really to have a place, where I can have an insightful and productive discussion of current events and I believe the other site can help spark some of those discussions. And yes, it would be pretty cool to have one of those badges Link to comment Share on other sites More sharing options...
The Evil Overlord Posted June 23, 2015 Share Posted June 23, 2015 Oh. I think there might be a misunderstanding. It was never my intention to drive users to a "competitor feed". I post the other site because it has a really up-to-date, decent news feed. Though it's a shame that it's only a feed. So I'd thought I'll share with the community here and we can have a discussion of some of the topics here. Because quite frankly, it can be boring reading the news when you have no one to share it with. My main goal is really to have a place, where I can have an insightful and productive discussion of current events and I believe the other site can help spark some of those discussions. And yes, it would be pretty cool to have one of those badges If this is truly the case, you could always open up a topic, and ask for opinions in a 'have your say' manner There are literally hundreds of members here who enjoy a good theoretical discussion, as well as sharing practical concerns. You'll get the occasional shut down obviously, it's an internet forum, it has it's downside also, but on the whole, this is actually a great place to get a good discussion going, and get sound advice I would like to introduce you to this thread, this is a think tank thread, and everyone posting in it has something to contribute to a theoretical scenario that could become reality. spartacus686 1 Share Link to comment Share on other sites More sharing options...
spartacus686 Posted June 23, 2015 Author Share Posted June 23, 2015 Great, thanks! Link to comment Share on other sites More sharing options...
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