Lou Basenese submits:
If you weren’t with us last week, every Friday I’m embracing the old adage, “A picture is worth a thousand words.”
As such, I’m selecting five graphics that put the week’s investment news into perspective – and pictures – for you. In short, it’s goodbye to longwinded commentary and hello to easy-to-understand visuals, with some quick-hit observations…
The End of America is Nigh!
The gloom-and-doom crowd has banged the drum on this one for years: America’s global economic dominance is about to end.
This week, the International Monetary Fund went a step further by officially setting a date for this changing of the guard.
Based on purchasing power parity (PPP), China’s economy should overtake America’s as the world’s largest by 2016.
Skeptics caution that using PPP to calculate the transition date is too aggressive. However, there are more “accurate” calculations that still point to a transition… except not until 2030.