Finance & Investing

Friends, the long-awaited sequel to our global economic overview is finally here! In the previous installment, we discussed the complexities of Japan's economy and the burgeoning strength of India's. Today, we'll shift our focus to the economic landscapes of the United States and Europe over the past two years.

As a bonus, I'll share some insights and methodologies I use to analyze the economic performance of these countries, offering you a glimpse into my little tree of knowledge.

But enough with the preamble, let's dive right into the U.S. economy.

Do you know how big the gaming industry really is?

In 2022, approximately 40% of the global population were gamers, with over 900 million people watching others play video games. The global gaming industry is estimated to be worth around 240 billion US dollars, which is twice the combined size of the film and music industries. Moreover, this industry is experiencing a continuous growth rate of over 10% annually.

Hi everyone,

Today, we're tackling a big topic: a comprehensive overview of the global economy.

I'm sure you've all seen the headlines: the US hitting its debt ceiling again, the Japanese stock market hitting new highs, companies moving their factories to India, and so on. You might have heard these things but haven't really thought about what they mean for the current state of these economies.

I've noticed that everyone is really interested in getting the inside scoop. The response to our last video about South Korea was huge. People were asking me to go into more detail about the whole "Jeonse" housing crisis, so let's dive deeper into it today.

Global Economic Review: A Deep Dive into Japan, India, and Beyond (Part 1)

Friends, today, we're embarking on a big project: a comprehensive overview of the global economy.

You've probably seen countless headlines about the US hitting its debt ceiling again, the Japanese stock market reaching new highs, and companies shifting their factories to India. But have you ever stopped to consider what's really going on with these economies?

Look, this is Germany in 1923. People were using banknotes to plaster walls and even burn for fuel. The German mark had become worthless, not even big enough for toilet paper. Prices doubled every two days on average. The annualized inflation rate reached...

This is Zimbabwe in 2008. They printed the famous banknote with countless zeros, 100 trillion Zimbabwean dollars. Prices doubled every 24.7 hours on average, with an annualized inflation rate reaching...7.3 times 10 to the power of… guess how much? 108! I can't even comprehend what that means.

The Apple Tax Controversy

According to an investigation by the European Commission, Apple generated €16 billion in profits from its international sales in 2011. However, it only paid less than €10 million in taxes, resulting in an effective tax rate of a mere 0.05%.

In 2014, Apple's effective tax rate on international sales reached an astonishing 0.005%. To put this into perspective, imagine earning $100,000 a year and only paying $50 in taxes. It's practically like paying no taxes at all.

It is no exaggeration to say that the Palestinian economy has been crippled by Israel for nearly two decades. Bombings, separation walls, tunnels, land seizures, blockades, power outages, and open-air prisons – it's hard to imagine that these terms, which have nothing to do with most people's lives, all appear in 21st century Palestine.

What is the life of the Palestinians like? What has Israel done to them? Let's get straight to the point and take a look at the Palestinian economy.

The recent events at OpenAI, culminating in the brief ousting and subsequent reinstatement of CEO Sam Altman, have sent shockwaves through the tech world. While news outlets are buzzing with speculations and analysis of the boardroom drama, I want to offer a unique perspective – one that delves into the intricate power dynamics at play, the unusual corporate structure of OpenAI, and the implications this entire saga has on the future of AI.

The OpenAI Timeline: A Rollercoaster of Events

Let’s start by recapping the whirlwind of events that transpired at OpenAI.

To put it bluntly, India is a fascinating country. Over the past two decades, it has experienced a remarkable economic surge, boasting an average GDP growth rate of 6.25%. This impressive growth has propelled India past economic powerhouses like South Korea, Canada, Italy, France, and the UK, securing its position as the world's fifth-largest economy.