Recent Blog Posts
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The $4.5 Billion Dollar Bank Run
Nov 07 201111:20 am EDT -
The Times' Rorshach Geithner Story
Apr 27 20099:26 am EDT -
Sinking Animal Spirits
Apr 27 20098:45 am EDT -
Counter-cyclical Urban Policy
Apr 26 200910:00 am EDT -
Be Your Own Counterfeiter
Apr 26 20099:36 am EDT -
Being Tim Geithner
Apr 25 200912:37 pm EDT -
Notes From a Press Conference Naif
Apr 25 20099:41 am EDT -
What Good is the News?
Apr 25 20098:32 am EDT -
Stressful Enough
Apr 24 20092:29 pm EDT -
Not Regretting the Pound
Apr 24 20091:09 pm EDT
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Oct 16 2007 12:00am EDT
China Datapoint of the Day
Eight of the 20 biggest public companies in the world, by market capitalization, are Chinese. The US has just seven of the top 20.
To put it another way, China Mobile is worth more money than Microsoft, and China Life Insurance is worth more money than Citigroup.
Is all this a consequence of the Chinese stock-market bubble? Well, yes. But also: Welcome to the 21st Century.
(Via Abnormal Returns)
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500 Startups Hits New York