Talking Points: Currencies, Cell Phones, IPO’s

Talking Points: Currencies, Cell Phones, IPO’s

“The Indians I met readily embraced Christianity…they were always smiling…their speech is the sweetest in the world…they are a loving people…weapons, they have none…it appears that the people are ingenious and would be good servants.” Christopher Columbus

A review of the values of 143 global currencies indicates that so far this year, more than 80% have fallen in value. CNBC, September 21, 2018

It is estimated that half of all cellphone calls will be from scammers by next year. The number of fraudulent calls increased from 3.7% of total calls in 2017 to 29.2% in 2018, and is expected to jump to 44.6% by 2019. MSN, September 19, 2018

In the first three months of 2018, 83% of initial public offerings were companies that lost money in the 12 months leading up to the IPO- the highest level in history. Wall Street Journal, October 1, 2018 

The turnout rate in national elections in the U.S. lags behind other democratic countries with developed economies, ranking 26th out of 32. Pew Research, May 21, 2018

According to the Development Bank of Singapore and CEIC Economic Data Company, the Chinese debt-to-GDP has steadily grown to almost 250% – or about $28 trillion. The Institute of International Finance puts their debt at more than 300% of GDP. CEICdata.com

“I know you think you understand what you thought I said but I’m not sure you realize that what you heard is not what I meant.” Alan Greenspan

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Image: TaxRebate.org.uk