Remember back when QE started and we saw charts of high powered money going vertical all over the place and everyone who didn’t understand modern banking said that the reserves [ … ]
Category: Chart Of The Day
(Just Charts)
What FedEx’s Earnings Say About the Global Economy
Global economic bellwether FedEx reported earnings today and provided us with a pretty good overview of the state of things. Here’s the key pieces of the earnings report: FedEx [ … ]
The Risk of Purchasing Power Loss
Great chart here from Josh Brown today showing the real after-tax return from cash relative to other asset classes (see figure 1). It stresses how important it is to understand [ … ]
Fund Managers Now Hate Commodities
Interesting data point this morning from the Merrill Lynch fund manager survey showing the extreme hatred for commodities at present (see figure 1). I’ve always hated the idea of “investing” [ … ]
June Real-Time ISM Composite Improves (or Does it?)
This morning’s Empire State Manufacturing Survey showed an uptick in manufacturing after some notably weak readings across the board in recent months. The June reading came in at 7.84. The [ … ]
Japan….
I still maintain that there are elements of ponzi in what’s going on in Japan and that they’ve essentially put the cart before the horse. Driving asset prices “higher than [ … ]
Negative Earnings Guidance Weakest Since Q1 2001
Second quarter earnings season officially starts in a few weeks and things are all set to get off to the usual “under promise” and “over deliver” environment that sets the [ … ]
The 3 Worst Financial Predictions of the Last 5 Years
All this talk about the crisis and predictions got me thinking….We all know how difficult it is to forecast the future. But every once in a while we see predictions [ … ]
Chart of the Day: Japan’s Margin Debt Explosion
Here’s a great chart from JP Morgan research showing Tokyo Stock Exchange Margin trading versus the TOPIX Index (see below). One subject I’ve discussed in detail recently is the concept [ … ]