This article first appeared on Floating Path.
Today we find yet another statistic showing how Greece and its economic woes are just so much different than any other nation. Using data from the United Nations and International Monetary Fund, Renaissance Capital’s Charlie Robertson draws attention to the fact that each employed Greek now supports at least two others.
The ratio of non-workers to workers is also high in other struggling European nations, but Greece is the outlier. In contrast, the U.S. has around 1.2 non-workers per worker and Germany has less than 1.0.
Odey Discusses Howard Marks’ Astute Observation On Why Hedge Fund Alpha Is Increasingly Rare [January Letter]
According to a copy of the firm's January investor update which ValueWalk has been able to review, the Odey Asset Management Odey Special Situations Fund returned 7.7% in January, outperforming its benchmark, the MSCI World USD Index, by 8.7%. Q4 2020 hedge fund letters, conferences and more The $60 million fund, which Adrian Courtenay manages, Read More