Summary: It’s easy to underestimate big things. Can you guess who’s the biggest? Source: IMF We hear a list of 4 or 5 items, and we tend to average them, treating them alike. But things aren’t all alike. In the global economy, the United States and China dominate every other nation. Together, our two countries total 40%. The next largest country is about 5%. Clearly, if we want to understand what’s going on the economy, we need to […]
