This shows a couple things.
1. Resources linked by infrastructure create wealth, condos dont.
2. And adding more people to an economy might create higher GDP churn, but they can also dilute net worth as we can see in India and China.
Switzerland is obviously on the list for their role in WW2 and being an offshoring industry for the 1%. Because they produce nothing else but watches and skiers.
Dont know much about hong kong. Spain and Italy have govt debts in the 130% of gdp range so maybe thats influencing those numbers. Japans debt is 230%.
And yes surprised Norway and Saudi are not on there, but if you think about it those are one trick ponys compared to Canada.
Now if you could take this chart and slap our PM upside the head with it.
1. Resources linked by infrastructure create wealth, condos dont.
2. And adding more people to an economy might create higher GDP churn, but they can also dilute net worth as we can see in India and China.
Switzerland is obviously on the list for their role in WW2 and being an offshoring industry for the 1%. Because they produce nothing else but watches and skiers.
Dont know much about hong kong. Spain and Italy have govt debts in the 130% of gdp range so maybe thats influencing those numbers. Japans debt is 230%.
And yes surprised Norway and Saudi are not on there, but if you think about it those are one trick ponys compared to Canada.
Now if you could take this chart and slap our PM upside the head with it.
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