Interesting Links

[ilonaross]

http://qz.com/124721/the-secret-fina...obots-can-see/

[PeterR]

Today, I stumbled upon this report: Millionaire migration in 2015

I think we saw and will see a reflection of this in the money flows.

A great metric to understand the world a little bit more, IMO.
It's also a sobering fact sheet: people vote with their feet.

Source

News about

the report

[Pascal]

Today, I stumbled upon this report: Millionaire migration in 2015

I think we saw and will see a reflection of this in the money flows.

A great metric to understand the world a little bit more, IMO.
It's also a sobering fact sheet: people vote with their feet.

Source

News about

the report

Thanks for the links.

I doubt very much that insecurity in France due to religion issues is the main reason for the exodus in 2015. I would say that millionaires try to escape from the grip of the state and its taxes. This is not new.
Most exodus are from leftist countries because they have a tendency to view financial success as "immoral" and hence tend to tax more millionaires.

In general, money moves out much before people. Moving your home is really the last step after "everything else" is gone.



Pascal

[PeterR]

I doubt very much that insecurity in France due to religion issues is the main reason for the exodus in 2015

I was thinking the same, it's taxes and economic environment.
The reasons they give are not convincing.
I should have mentioned this.

Also they missed that China outflows are often hidden in corporate oversea investments, since private
outflows are legally difficult.

Yet the raw numbers show the movements, for whatever reasons.
E.g. into US, into Australia (pot proxy New Zealand ? )

I also agree, its probably a lagging indicator.

[Pascal]

This is indeed interesting.

I plan to publish the NQ8 RT Money Flow before the end of the week. The NQ8 includes the Fang list, except Chinese stocks (BIDU, BABA)


Pascal