Data discoveries of the week. This week we look at India’s income pyramid, foreign remittances, mutual perception of countries for each other, comparison of indexes and active holding over time, the US core inflation trend, trends of central banks buying gold, how gold performs during recession and more.
- Think about the impact on India’s economy with a middle-class boom over the next 20 years.
India ?? is gearing up for a 1 Billion+ Middle Class by 2047.
Here's how the country's income pyramid looks??Data courtesy: PRICE @ICE360in pic.twitter.com/mkM1b3f9Qc
— Kuvera (@Kuvera_In) March 9, 2023
2. Value of foreign remittances received by India over the last 5 years.
India received $89,127 million inward remittance in 21-21, the highest-ever foreign remittance in a single year.#India pic.twitter.com/5i9YhKjrmh
— Kuvera (@Kuvera_In) March 10, 2023
3. An interesting research by European Council on Foreign Relations shows mutual perceptions of Indians and citizens of other countries.
Interesting data from a poll by ECFR.
How India ?? sees others – ally, partner, rival or adversary. And how others see India.
More here: https://t.co/eKSdn2f1KC pic.twitter.com/hATbJBr0VQ
— Kuvera (@Kuvera_In) March 14, 2023
4. One more data point that shows indexes are better than active holdings most of the time.
It doesn't matter if you look at large or small companies, value or growth, or stocks or bonds.
Over time, the odds almost always lead to better outcomes with indexes instead of active holdings. pic.twitter.com/PXg6QzKJYe
— Peter Mallouk (@PeterMallouk) March 9, 2023
5. The trend of US Core Inflation #CPI since Jan 2011.
You can tweak all you want, but US Core #Inflation:
– is down just 0.2 percentage points (5.7% – 5.5%) in the last couple of months
– is rising at a 5.6% pace 1-month annualized
– is rising at a > 5.0% pace 3- and 6-month annualized.But yes, Y-o-Y core CPI is coming down… pic.twitter.com/NxLakUWuRj
— jeroen blokland (@jsblokland) March 14, 2023
6. Who’s buying all the gold? Looks like Central banks bought over 1.1k tonnes of gold in just 2022.
Did you know that nearly one-fifth of all the gold ever mined is held by central banks? ?
This infographics show 30 years of central bank gold demand, highlighting how official attitudes toward gold have changed over the years: https://t.co/o4voErJpzI pic.twitter.com/qpPxAXkWCI
— Elements (@VCElements) March 14, 2023
7. And here’s how Gold performs during recessions.
Does Gold’s Value Increase During Recessions? ?https://t.co/sUhTGby8wh pic.twitter.com/VEX7tyF968
— Elements (@VCElements) March 13, 2023
8. This pretty much sums up why we could see another rate hike by the Fed.
US wage growth has failed to keep pace with rising consumer prices for a record 23 consecutive months. This is a decline in prosperity for the American worker and the primary reason why the Fed will hike rates for the 9th time at the March 22 meeting. Another 25 bps move likely. pic.twitter.com/KP1PCzoGAl
— Charlie Bilello (@charliebilello) March 14, 2023
9. Chart shows the sizes of leading economies relative to the US in 2000 and 2022. Only China and India have grown.
Both China and India grew their respective size of economies in last 2 decades, China is now almost 70% + size of US economy.
Rest all big economies like Japan, Germany,UK, France,Italy degrew economy sizes in reference with US. Japan degrew most. From nearly 48% to 18%.. pic.twitter.com/5PiuvXMhwh
— Amit Gadre (@Longterm_wealth) March 9, 2023
10. Countries with the largest defence imports, and their biggest suppliers.
Who were the top 10 importers of major arms in 2018–22?
1) India??
2) Saudi Arabia??
3) Qatar??
4) Australia??
5) China??
6) Egypt??
7) South Korea??
8) Pakistan??
9) Japan??
10) USA??New SIPRI data out now ➡️ https://t.co/qnHO6Qw3Yn pic.twitter.com/MQJMJDrGP6
— SIPRI (@SIPRIorg) March 14, 2023
11. Beauty makes money with skin in the game
Many celebrity-backed brands are trying to reposition themselves as beauty trends have shifted during the pandemic to favor a so-called “clean girl aesthetic,” which has consumers trading in lipsticks and eyeshadow palettes for elaborate skincare routines https://t.co/ArZy9Yukiz pic.twitter.com/XHgWVlvwxm
— Bloomberg Graphics (@BBGVisualData) March 15, 2023
12. Nothing, just a chart showing the number of private jet flights by billionaires.
Musk’s plane has flown the most among some of the richest US billionaires, with the frequency ramping up after he added Twitter to his portfolio of companies https://t.co/40xvxnTdmG pic.twitter.com/chyLQsPawZ
— Bloomberg Graphics (@BBGVisualData) March 11, 2023
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