Archive for April 1st, 2011
In 1807, if you had moved to the U.K., you and your heirs would have been much, much better off for the next 100 years. If in 1907 you had moved to the U.S., you and your heirs would have been much better off for the next 100 years.
In my view, moving to Asia in 2007 means my heirs are going to be much better off in the next 100 years.
In 1907, if you had stayed in Poland or China, you would not have had a great future, nor your families. Had you moved to America, [your descendants] would have had a much better future. Who knew what they would do, if they would become doctors or what, in the next 100 years. But whatever happens to them, they were better off. They spoke English, which became the world’s language.
My view is that the 21st century is going to be the century of Asia, of China. If I’m right about the future, you are going to have a better life [if you move there], better opportunities, and better everything going where the action is, where the assets are.
-Legendary investor, financial commentator, and author Jim Rogers, in an International Business Times piece from August 15, 2010
Interested in following Jim Rogers’ to Asia? Apparently, you don’t to be rich like Mr. Rogers to make it happen. I stumbled on the following article on the business news website Business Insider while pulling up material for that last post. Gus Lubin and Gregory White wrote back on March 12, 2010:
Jim Rogers once said “If you were smart in 1807 you moved to London, if you were smart in 1907 you moved to New York City, and if you are smart in 2007 you move to Asia.”
The legendary investor stood by his word when he sold his New York mansion in 2007 and moved to Singapore.
Now it’s three years later. Who cares if you didn’t escape America in time to dodge the financial crisis. You’re ready to more to China.
Lubin and White go on to spell out how it can be done- in 12 steps. Actually, only 11. Lubin and White wrote:
12. Sit back and watch the Western world crumble
Here’s hoping it doesn’t come to that. Interesting and informative piece, which can be accessed on the Business Insider site here.
Americans who are in-tune with what’s going on outside of our borders shouldn’t be surprised of the following. From Catherine Rampell in the New York Times’ Economix blog last week:
William Easterly points us to a provocative new paper by Danny Quah on how the center of the world economy is shifting eastward.
Professor Quah, an economist at the London School of Economics, has calculated “the average location of economic activity across geographies on Earth” through the last few decades, and found that it has been moving further east:
[I]n 1980 the global economy’s centre of gravity was mid-Atlantic. By 2008, from the continuing rise of China and the rest of East Asia, that centre of gravity had drifted to a location east of Helsinki and Bucharest. Extrapolating growth in almost 700 locations across Earth, this article projects the world’s economic centre of gravity to locate by 2050 literally between India and China. Observed from Earth’s surface, that economic centre of gravity will shift from its 1980 location 9,300 km or 1.5 times the radius of the planet.
Here’s an animated look at this economic migration…
A picture is worth a thousand words (or, in this case, an animation). Check out the “migration” on the New York Times’ website here.
The other day, I noticed the following headline on my Internet service provider’s home page- “States with few disasters.” I decided to pull up the accompanying article on Yahoo! Shine, in which Mike Krumboltz wrote on March 29:
The devastating earthquake and tsunami near Japan have led to renewed interest in the safest places to live. Over the past week, Web searches on “safest countries” and “countries with fewest natural disasters” have more than tripled.
Krumboltz also uncovered something else. On the website belonging to the Federal Emergency Management Agency, two tables are displayed that break down declared disasters by year and state since 1953 (although FEMA has only been in existence since April 1, 1979- happy birthday). Here are some notable items from the tables:
• 2010 saw the highest number of disaster declarations since 1953, with 81 events
• 2008 and 1996 tied for the second highest number, at 75 disasters each
• 1958 and 1959 tied for the lowest number of disaster declarations, with 7 each
According to FEMA records, the “Top 10” states with the highest number of disaster declarations since 1953 are:
1. Texas (84 declared disasters)
2. California (77)
3. Oklahoma (66)
4. Florida (63)
5. New York (62)
6. Louisiana (56)
7. Alabama (54)
8. Kentucky (53)
9. Missouri (51)
10. Arkansas (51)
My state, Illinois, was ranked number 11. The state where I’m looking to establish permanent residence shortly- Wisconsin- is ranked 29th.
In addition, FEMA records list the “Top 10” states with the lowest number of disaster declarations:
1. Rhode Island (8 declared disasters)
2. Utah (8)
3. Wyoming (8)
4. Delaware (13)
5. Connecticut (15)
6. South Carolina (15)
7. Colorado (16)
8. Nevada (17)
9. Montana (19)
10. Maryland (20)
The District of Columbia was also in this mix, ranked number 11.
You can access these tables on the FEMA website here.
(Editor’s note: Link added to “Resources” page)
Krumboltz, Mike. “The “Safest” States in the United States.” Yahoo! Shine. 29 Mar. 2011. (http://shine.yahoo.com/channel/health/the-quot-safest-quot-states-in-the-united-states-2469686/). 1 Apr. 2011.
Christopher E. Hill, Editor
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