Monday, December 12, 2011

It's the Economy, Stupid: Sid Harth

Financial Express Mon, 12 Dec 2011

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  2. It's the Economy, Stupid: Sid Harth « USA: News, Views and Reviews

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  1. It's the Budget, Stupid: Sid Harth « USA: News, Views and Reviews

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    It's the Budget, Stupid: Sid Harth. August 12, 2011. Subscribe to RSS Feed Subscribe to RSS. My Sister Eileen: Sid Harth. Everything you always wanted to know ...

  2. It's the Budget, Stupid: Sid Harth « USA: News, Views and Reviews

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  4. Devil-may-care: Sid Harth: It's the Budget, Stupid: Sid Harth

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  5. It's the Budget, Stupid: Sid Harth | Cogito Ergo Sum World

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  7. It's the Budget, Stupid: Sid Harth « My Sister Eileen: Sid Harth

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    Aug 11, 2011 – It's the Budget, Stupid: Sid Harth Wednesday, August 10, 2011 End of the World: Sid Harth Home | Portfolio | Market Currents | Long. ...

'Global financial assets to hit $371 tn'

Agencies
Posted: Sunday, Dec 11, 2011 at 1719 hrs IST
McKinsey Global Institute New Delhi:The value of financial assets worldwide is expected to touch $371 trillion by 2020, with emerging economies including India, accounting for about one third of the total amount, says global consultancy McKinsey.The projected worth of financial assets in 2020 would be nearly double the value of around $198 trillion witnessed last year.These projections are part of a report prepared by the McKinsey Global Institute (MGI), the business and economics research arm of McKinsey & Company.In 2010, emerging economies made up for 21 per cent of the global financial assets worth $198 trillion.
“Depending on economic scenarios, we project that emerging market financial assets will grow to between 30 and 36 per cent of the global total in 2020, or $114 to $141 trillion.. China's financial assets could be as much as $65 trillion by then, and India's could reach $8.6 trillion," the report said.
As per MGI, financial assets are equities, bonds,...
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Thankyou for submitting your comment. Comments are checked and hence may not show up immediately.My good buddy, Michael Spence has come out with an excellent (latest) book."The Next Convergence: The Future of Economic growth in a Multispeed World"
Michael Spence
Farrar, Straus and Giroux New York
ISBN 978-0-374-15975-7
Michael Spence is a professor of economics at New York University, a senior fellow at the Hoover Institute and a former chairman of the independent Commission on Growth and Development.
Winner of the Nobel Prize in Economics (2001)
Let me the first to rain on your parade, Oops, McKinsey Global Institute (MGI), the business and economics research arm of McKinsey & Company.
Some excerpts, related to the (projections) of the so called, "Emerging Econimies, including but not limited to: China, numero uno, and India, numero ocho."
"Chapter 41. Sustaining growth: The Second half of the Century of Convergence" Page 270
"Much of our growing awareness of sustainability has to do with the environment. We use more energy and water, create more waste, emit more particulates and gases and negatively impact biodiversity via land use, climaate change and in other ways. The addition of billions of people to the high-income ranks, with its attendant high consumption patterns, increases, the pressure enormously."
I can stand so much of jingoism. That to from the so called media houses, such as you, TFE.
Get smart. Read other than what is dished out to you by morons like, McKinsey monkeys.
...and I am Sid Harth@sidileak.com
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...and I am Sid Harth@sidileak.com
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