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 economy of the United States is the largest in the world. At $18 trillion, it represents a quarter share of the global economy (24.3%), according to the latest World Bank figures. China follows, with $11 trillion, or 14.8% of the world economy.