All the World’s Money
I saw this great chart a little while back listing out the break up of the financial assets around the world. Hat Tip to Wall Street Ranter who put the chart together and what caught my interest was the fact that although the U.S. makes up 42% of the global equity market the only hold 29% of the worlds financial assets.
I assume that Australia falls into either ‘Other Asia’ or ‘Other Developed’………either way we are the proverbial small fish in a big pond!