• 4 minutes Why Trump will win the wall fight
  • 9 minutes Climate Change: A Summer of Storms and Smog Is Coming
  • 12 minutes Maduro Asks OPEC For Help Against U.S. Sanctions
  • 16 minutes Washington Eyes Crackdown On OPEC
  • 11 hours is climate change a hoax? $2 Trillion/year worth of programs intended to be handed out by politicians and bureaucrats?
  • 1 min Ayn Rand Was Right
  • 1 hour Tension On The Edge: Pakistan Urges U.N. To Intervene Over Kashmir Tension With India
  • 2 hours Indian Oil Signs First Annual Deal For U.S. OilIndian Oil Signs First Annual Deal For U.S. Oil
  • 2 hours Sanctions or Support: Despite Sanctions, Iran's Oil Exports Rise In Early 2019
  • 19 mins NZ Oil, Gas Ban Could Cost $30 Bln
  • 3 hours Solar and Wind Will Not "Save" the Climate
  • 1 hour Oil imports by countries
  • 21 hours Some Good News on Climate Change Maybe
  • 13 hours Regular Gas dropped to $2.21 per gallon today
  • 21 hours Expected Breakdown: Israel-Central Europe Summit Canceled After Polish Pullout
Alt Text

Russia May Feel Pinch From Oil Cut Deal This Year

Russia’s central bank warned that…

Alt Text

Global Economy Throwing Up Red Flags For Oil

Investors are feeling increasingly gloomy…

Mad Hedge Fund Trader

Mad Hedge Fund Trader

John Thomas, The Mad Hedge Fund Trader is one of today's most successful Hedge Fund Managers and a 40 year veteran of the financial markets.…

More Info

Trending Discussions

It’s Official: China is Number Two

With China’s (FXI) economy rocketing at 8%-13% quarterly growth rates, and Japan (EWJ) plodding away with meager 1%-2% rates, it was only a matter of time before the Middle Kingdom bumped the Land of the Rising Sun from its number two position in national GDP rankings.

Chinese officials will be quick to point out that, according to IMF figures, their $3,600 per capita nominal GDP still qualifies them for emerging market status, compared to $39,731 for Japan, $46,381 in the US, and an amazing $104, 512 for Luxembourg.

It is highly unlikely that China’s standard of living will ever approach that of the US, although it will narrow the gap, possibly rising to $20,000 over the next 20 years in today’s dollars.

One country that might pull this off is Taiwan (EWT), which offers investors a way to play China though the back door, and already has a per capital GDP of $16,392.

China bumped its errant, breakaway province closer to achieving this last week when its Taiwan Affairs Office said it will honor Taiwan’s bilateral trade agreements for the first time.

One is already in the works with Singapore, and deals with others in the Asian region are expected to follow.

By. Mad Hedge Fund Trader




Download The Free Oilprice App Today

Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News