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.
Amid the turmoil in the public markets and the staggering macroeconomic environment, it should come as no surprise that the private markets are also struggling. In fact, there are some important links between private equity and the current economic environment. A closer look at PE reveals that the industry often serves as a leading indicator Read More
Updated on