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Read more about the article Chinese Competitors Are Closing In On Amazon | ZeroHedge

Chinese Competitors Are Closing In On Amazon | ZeroHedge

The e-commerce leader in Europe is Amazon – but Chinese ventures into international e-commerce, for example AliExpress or more recently Temu, have made inroads. 

The following infographic, via Statista's Anna Fleck, looks specifically at the example of the Chinese company Pinduoduo, drawing from ecommmerceDB figures.

You will find more infographics at Statista

According to this data, Pinduoduo will only be 13 percent behind Amazon in terms of gross (more…)

Continue ReadingChinese Competitors Are Closing In On Amazon | ZeroHedge

Tverberg: Advanced Economies Are Headed For A Downfall | ZeroHedge

Authored by Gail Tverberg via Our Finite World,

It may be pleasant to think that the economies that are “on top” now will stay on top forever, but it is doubtful that this is the way the economy of the world works.

Figure 1. Three-year average GDP growth rates for Advanced Economies based on data published by the World Bank, with a linear trend line. GDP growth is net of inflation.

Figure 1 shows that, for the Advanced Economies viewed as a group (that is, members of (more…)

Continue ReadingTverberg: Advanced Economies Are Headed For A Downfall | ZeroHedge

Don’t Expect Home Prices To Go Down Anytime Soon, Say Experts | ZeroHedge

Authored by Mary Prenon via The Epoch Times (emphasis ours),

As the seller’s market persists throughout most of the United States, prices continue to rise and affordable housing appears to be slipping through the fingers of the average American.

(Illustration by The Epoch Times, Shutterstock)

The National Association of Realtors (NAR) reported the highest ever national median sales price of $419,300 for a single-family home in May.

“We’re actually forecasting that home (more…)

Continue ReadingDon’t Expect Home Prices To Go Down Anytime Soon, Say Experts | ZeroHedge