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https://www.destatis.de/EN/Press/2023/03/PE23_098_51.html @beijingwalker

That's right. Wealth in Japan is more evenly spread. Among major cities, Tokyo has among the least number of billionaires but among the most number of millionaires.

Bali Deports Harlots & Driving Instructors Bali immigration has recently deported several foreigners for working illegally for holding jobs such as surfing instructors, instructors teaching people how to drive motorcycles, and, most recently, for employment as commercial sex workers. Russian...

https://www.aljazeera.com/economy/2023/3/15/they-dont-respect-us-russians-face-backlash-in-bali Locals on Indonesia’s popular holiday island are accusing Russians of taking jobs amid influx sparked by Ukraine war. Bali, Indonesia – Russians have poured into Bali in droves since the invasion of...

The IMF is just being lazy. Like how they are citing Iran with a $2tril GDP based on 'official' figures. Those who really believe the Russian economy is growing need to have the heads check. Sanctions, frozen assets, falling energy prices, Ural's oil discount, losing their biggest customer...

Lol the ruble is worthless outside of Russia. You might as well believe Iran's GDP per capita is 2x of China's and have a GDP of around USD2tril (larger than South Korea/Italy) based on the official exchange rate used by IMF...

3067 > KWEB > CQQQ

China can probably grow at a relatively fast pace (>4%) on average for the next 10 years or so. China's GDP per capita is still relatively low. Poland, which also has a declining population with a GDP capita ~1.5x of China's, grew at around 4% for the past 5 years. I don't think it's...

https://www.straitstimes.com/singapore/transport/ramping-up-automation-at-changi-airport-a-priority-for-next-3-to-5-years-caas-director Ramping up automation at Changi Airport a priority for next 3 to 5 years: CAAS director SINGAPORE - A trial of driverless baggage tractors that began during...

There is a difference between birth rate and total fertility rate. The article you shared cited a report which uses a crude measure without adjusting for age-specific population. https://www.cdc.gov/nchs/data/nhsr/nhsr179.pdf Here's the formula for TFR...

I too think we are heading towards that direction, but it's a huge assumption with a lot of unknown variables. It's an uncomfortable fact that our vitality and cognitive function will go down as we age. Advancement in medicine and biotechnology may help us delay the inevitable, but these will...

500mil+ people of which 300mil+ are aged 65+. More than half of people on the streets will be the elderly. Unless global dominance/influence is very important for you, it's not the population size that is concerning. Japan will do fine even with 100mil or 50mil people. It's the demographic...

The UN is too optimistic. The UN previously predicted that China's population will start falling in 2031-32, but it already started falling in 2022. https://population.un.org/dataportal/data/indicators/19/locations/156/start/2021/end/2100/line/linetimeplotsingle It assumes that China's TFR...

A large scale war is expensive to fund, especially once your reserve ammunitions get depleted. $100bil+ is a joke, especially for a country as large as Russia. Even Singapore has more money than that.

Like?

I agree. In Singapore the top civil/political positions are benchmarked against the top 1000 employee earners in the private sector to attract talent. I have no idea why in most other countries the top civil/political positions are relatively so low paid when their signature can involve millions...

It's one thing to build its tank fleet. It's another to train new (and competent) tank crewmen and commanders to operate them. The Russians can rebuild its pre-war tank fleet but will still flounder if they do not update their tactics...

Thanks for your detailed response.

@jhungary How would Russia at its current state fare against countries like South Korea/Japan/Poland conventionally? When I see the Russians getting stuck in Bakhmut for months and read how the Russians will get pushed back with weapons like HIMARS/Leopard 2s/F16s, I get a bit puzzled. Are...

$16bil is not even 0.1% of US GDP.