Here’s a longer perspective of the chart I’ve often referenced in the past showing how similar our current inflation trend is to Japan’s in the 90’s. As the housing double [ … ]
Category: Chart Of The Day
(Just Charts)
WHICH IS WHICH: REVISITED
In early September I asked readers to look at two charts and say which one was the ECRI’s Weekly Leading Index and which was the S&P 500. It’s practically impossible [ … ]
REVISITING JAPAN’S REACTION TO QE
When the BOJ first announced QE in Japan in March 2001 the Nikkei 225 went wild. Over the following 6 weeks equities rallied over 16%. The reaction has been almost [ … ]
THE BOND VIGILANTES ARE BACK!
The big bad bond vigilantes are back and they’re going to bring higher yields, crushing borrowing costs and economic panic with them [end sarcasm]! At least that’s what some commentators [ … ]
THE BILLION PRICES PROJECT
The Billion Prices Project is an interesting new take on inflation created by Professors Roberto Rigobon and Alberto Cavallo at the MIT Sloan School of Management. Their extensive data collection [ … ]
CUMULATIVE PROBABILITY OF DEFAULT
It’s nice to see the USA making a few top ten lists these days although this isn’t exactly a list you want to be on. The following chart shows the [ … ]
HOUSING MARKET: STILL TOO MUCH SUPPLY
Housing woes are starting to come back into the forefront as several reports in recent weeks have shown a sharp decline in US real estate prices. Unfortunately, the problems are [ … ]
TREASURY YIELDS NOW HIGHER THAN BEFORE JACKSON HOLE
If the Fed is truly intending to manipulate the yield curve they are failing spectacularly. Ultimately, this is the primary goal of QE – to reduce rates and ease monetary [ … ]
M3 STILL CONTRACTING AT -3% YoY RATE
The government may have stopped producing the M3 data, but several sources have done a fine job reproducing the broadest money supply data. According to Shadowstats.com and nowandfutures.com the M3 [ … ]