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Market Round Up: Earth Overshot, Go Macau

by | 10 Aug, 2018

1. Sustainable planet. What the heck!

Earth Overshoot Day is a day intended to remind people of the impact of a modern life-style on the planet. It marks the point in the calendar year when human consumption of natural resources exceeds the planet’s ability to replace those resources. At a sustainable rate of consumption, Earth Overshoot Day would ideally be on the last day of the year. Unfortunately resources are being consumed 1.7 times faster than they can regenerate. In other words, we would need 1.7 Earths to accommodate our current consumption levels. Alternatively, today is also ‘Lazy Day’ so what the heck!

 

2. Go Macau!

Macau is set to become the richest place in the world.

A recent report from the International Monetary Fund (IMF) predicts that by 2020, the city will overtake Qatar with the highest per-capita gross domestic product (GDP) of any other place.

This year the IMF ranked Macau, with a $122,489 per capita GDP, second behind Qatar with $128,702. Singapore ranked fourth with $98,014, just behind Luxembourg with $110,870.

But by 2020, Macau – which outstripped Las Vegas to become the world’s richest casino destination a few years ago – it estimates that it would become the richest place in the world with a per capita GDP of $143,116.

However, in terms of quality of life, pollution, education, health, and other important quality-of-life factors, Macau may not rank quite as high.

Related: The IMF weighs in on the health of the UK economy

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ALL RIGHTS RESERVED © INVSTR LTD. 2018

Risk Disclosure:
Invstr is a technology platform, not a registered broker-dealer or investment adviser. Invstr does not offer its own recommendations of any security or provide its own research to any user regarding any security transaction or order.
Please note, investing involves risk and investments may lose value. Past performance does not guarantee future results.
Brokerage services are provided by the following:
US-traded securities, including fractional trading, are provided to Invstr users by DriveWealth LLC, a regulated member of FINRA/SIPC. DriveWealth may not establish investment accounts to residents of certain jurisdictions. For more information, including disclaimers, risk and transaction fees click here.
India account traded securities are provided by SIC Stocks & Services PVT Ltd. SIC does not make any personal recommendations to buy, sell or otherwise deal in investments. Investors make their own investment decisions. The services and securities provided by SIC may not be suitable for all customers and, if you have any doubts, you should seek advice from an independent financial adviser. For more information and disclaimers, click here.

 

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