The Economy: 2013 vs. 2000
The table below compares a number of economic indicators from the beginning of 2000 up to mid-December 2013 (sources: Federal Reserve, S&P/DJ Indexes, Fisev, Thomson Reuters, and U.S. Labor Dept.). All “gain” or “loss” figures in the table represent cumulative gains or losses with a base year of 1/1/2000.
Economic Indicators: 2000—2013
The table below shows the dominance of three credit-rating companies in the U.S. (source: SEC).
Percentage of U.S. Securities Ranked in 2011
Frontier Markets Dangers
As of September 2013, the MSCI Frontier Markets Index (141 companies) was valued at $123 billion, a valuation < 1/3 of Apple. Being small can have negative consequences. For example, it has been estimated that it would take > 10 days to liquidate a $100 million position in a frontier market (but just an hour to dispose of a similar position in an emerging market).