I had to chuckle at this image posted by Fabrizio Goria on Twitter. It shows the recent market cycle in Europe. In essence, the overarching problem (an unworkable currency system) [ … ]
Category: Chart Of The Day
(Just Charts)
Not as Much Misery?
We posted the misery index for Spain earlier today so it might be helpful to put things into context here in the USA as well. In case you don’t [ … ]
The Slowing De-leveraging….
I’ve long predicted that the balance sheet recession was likely to come to an end somewhere around 2013/2014 and it looks like the de-leveraging process in the USA has certainly [ … ]
Global Inflation? What Global Inflation?
Here’s a bit more color on the inflation front. This time we look at a broader set of data. The chart below shows inflation indicators from Europe, China, the USA [ … ]
The Obama vs Ryan Budget = Fiscal Tightening Either Way
By now you’ve probably read plenty of stories about how the Ryan budget plan would turn us into Greece via austerity or result in massive cuts in various important programs. [ … ]
A Contrarian’s Trade
Every once in a while you see a statistic that just defies logic. The one that really jumped out at me (that I vividly recall) was during the financial crisis [ … ]
David Rosenberg: The Coming Negative Export Shock
David Rosenberg has an indicator for us here that isn’t too mainstream. He says the correlation between exports and new orders could prove prescient in forecasting a recession in the US:
Living in a Macro World
We are increasingly living in a macro world. What I mean by that is that the world is becoming a smaller and smaller place due to technological change and the [ … ]
Regional Fed Surveys Paint a Dreary Picture of Economic Growth….
Recent regional manufacturing data has been notably weak with the Philly Fed Survey posting -12.9, KC Fed posting +5, Richmond Fed posting -17, Empire State posting 7.4, and then today’s [ … ]