If you're a non smoker who despises smokers, there's an added win for you, too. Consider that vaping isn't like traditional smoking: there's no smoke, and it really doesn't smell bad at all. You can walk past or through a vape cloud and not smell a thing. Gone are your days as a smoker hater of having to roll your eyes and cough as you walk past smokers.
Here's a handy chart from Oppenheimer's John Stoltzfus. It reminds us that a little bit of growth in the U.S. will go a lot farther than a lot of growth out of China. And don't forget: Japan is the world's third largest economy, which shows just how high the stakes are as the country's leaders embark on extremely aggressive monetary policy.
The United States is a developed country and has the world's largest national economy, with an estimated 2012 GDP of $15.6 trillion â 19% of global GDP at purchasing-power parity, as of 2011.