Fascinating stuff: Carl Størmer points us to this amazing map of the United States. Each state’s economic output is analogized to another country’s GDP.
click for larger chart:
Notable omissions: U.K., Japan, Germany, China,
I cannot vouch for the precision of this, but by eyeball, it looks about right.
“When seeing Norway’s GDP in the context of this map, one realizes why Norway is one of the last countries U.S. companies consider when expanding to Europe.
My two cents (not in the blog): In addition to small GDP, little competition has enabled local players to build monopolies or duopolies in many industries. Add high state ownership to this mix, and you understand why Norwegian consumers are unused to good service and competitive prices. Other than that, Norway is a great country.”
Thanks for the great find, Carl!
These are not intended to be predictions, but rather "events that have a
reasonable chance of occurring, despite the general perception that the odds are
The real purpose of this endeavor is to consider positioning a portion of my
portfolio in accordance with outlier events — with large payoffs. After all,
Wall Street research is still very much convention and groupthink,
despite the reforms over the past several years.
25 Possible Surprises in 2007
1. Private equity deals begin the year in a spectacular fashion with
two separate $50 billion dollar acquisitions announced in January.
2. Robert E. Rubin returns to his brokerage roots and becomes the CEO
and Chairman of Salomon Brothers/Smith Barney after Citigroup (C)
decides to break up into three separate companies: a domestic money center bank
(Citibank), investment banking/retail brokerage (Salomon Brothers/Smith Barney)
and international consumer finance (Citiglobal).
3. Based on misleading government statistics, the housing market
appears to stabilize in the first quarter of 2007.