April 5, 2012
In no particular order, here are 50 things about our economy that blow my mind:
50. The S&P 500 is down 3% from 2000. But a version of the index that holds all 500 companies in equal amounts (rather than skewed by market cap) is up nearly 90%.
49. According to economist Tyler Cowen, "Thirty years ago, college graduates made 40 percent more than high school graduates, but now the gap is about 83 percent."
(snip)
23. According to economist Michael Spence, sectors of the economy that have no direct foreign competition added more than 27 million jobs from 1990 to 2008. Those that do added almost none.
22. Capital expenditures among S&P 500 companies set a record in the fourth quarter of 2011.
21. Netflix (Nasdaq: NFLX ) is now responsible for about one-third of all Internet bandwidth.
(snip)
3. The combined assets of Wal-Mart's (NYSE: WMT ) Walton family is equal to that of the bottom 150 million Americans.
2. As the economy tanked in 2009, the top 25 hedge fund managers collectively earned $25.3 billion. On average, that works out to about $2,000 a minute for each manager.
1. Household debt payments as a percent of income are now the lowest since 1994.
Read the entire list HERE
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