Bloomberg (January 26)
In the “race for world’s biggest economy,” the U.S. has extended its “lead over china.” U.S. GDP “rose 6.3% in nominal terms…last year, outpacing China’s 4.6% gain.” Some of that is due to inflation, but the result “underscores a broader point: The US economy is emerging from the pandemic period in a better place than China’s.”
Tags: Better, China, Economy, Emerging, GDP, Inflation, Lead, Outpacing, Pandemic, Race, U.S., World
Bloomberg (October 1)
“Stocks of the so-called sogo shosha, the groups that drove Japan’s postwar export success—the likes of Itochu Corp., Marubeni Corp. and Mitsubishi Corp.—have rallied as much as 36 percent over the last year, outpacing the race to a three-decade high by the broad Topix Index. The trading companies’ free cash-flow levels are above those reached in their heyday, and their leverage much lower.”
Tags: Export, FCF, Itochu, Japan, Leverage, Marubeni, Mitsubishi, Outpacing, Postwar, Rallied, Sogo shosha, Success, Topix
