Belated happy new year, readers and friends.
I think 2017 in general was a good year in terms of
national and global prosperity (sorry pessimists). So I hope for more peace and
prosperity, more wealth, less conflict and fake news in 2018.
Forget all
types of alarmism -- "peak food" and Malthusian then Ehrlichian hunger alarmism,
"peak oil" and oil wars alarmism, HIV/AIDS alarmism, NCDs
(non-communicable diseases) alarmism, climate alarmism (less rain or more
rains, no flood or more floods, we send more money to the UN and governments),
poverty alarmism, inequality alarmism, etc.
I observe that the world has entered a period of
rising prosperity and less war since about 2-3 decades ago, and the pace of
global prosperity is rising faster per decade. Before, the poor ride cow de
carabao or bicycles, now the poor ride motorcycles or e-bikes or 3rd-hand cars,
or at least commute in air-con buses and vans.
This chart is from The Economist.
From the Financial Times, Dec. 30, 2017:
Global stocks ending bumper year on a high
FTSE All-World index gains most since 2009 as economic
activity accelerates
"Global stocks this year enjoyed their best annual
performance since the post-crisis (2009) recovery, as accelerating economic
growth across the world helped power several major markets to double digit
gains... The biggest driver of the roaring stock market rally has
been the accelerating growth in the US, Europe and Asia."
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