Consumers in emerging markets are now the dominant consumer group in the world, surpassing the US. We’ve crossed an important threshold. Emerging Market economies now represent about 33% of consumer spending worldwide. US consumer spending, at 27% of worldwide GDP, trails for behind. As recently as 2006, US consumer spending was greater than that of the Emerging Market economies.
July 9th, 2010 | Chris Mayer | 0 comments | ContinuedAll Posts Tagged With: "emerging market"
The Kind of World the Next Generation Will Inherit
Then, on top of an increasingly worthless currency, Generation iPod also inherits about a quarter of a million dollars each in unfunded Social Security and healthcare obligations…
November 2nd, 2009 | Joel Bowman | 38 comments | Continued
Why it’s Better to Cut Yourself Off From the Financial Media (Except for us, of Course)…
The planet’s financial press is beginning to see things our way. “In the first place, the U.S. federal reserve applied a very expansive monetary policy.”
October 28th, 2008 | Bill Bonner | 1 comment | Continued
