Financial Mind Benders
An Intriguing Set of Little Known Facts
- In 2009 the US trade deficit ran in excess of $800 billion. So every two years, Americans are roughly handing over to foreigners the combined market capitalization of the entire Dow Jones Industrial Average! In other words the 30 largest publicly- owned companies in the US (Alcoa, Cisco, Coca-Cola, Dupont, ExxonMobil, General Electric, Hewlett-Packard, Merck, Microsoft, Walmart and Walt Disney, to name just a few…).
- With copper prices at all-time highs of about $3.50 per pound, the copper in nearly half of the U.S. pennies in circulation today are worth 2.22 cents in December 2009. Don’t think of melting your pennies down and selling the copper though. That’s against the law! The real cops might come get you, which would be a real copout. Hmmm… there’s a pun in there somewhere.
- In 2009, the size of the government deficit zoomed to $1.4 trillion. That’s a pile of $1000 bills stacked one upon the other and extending out 95 miles high.
2016 Great Investment Strategies.