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Chart of the Day: Performance across fixed income classes during 2013
By Sober Look Given the ongoing volatility in fixed income markets, it’s time to once again to take a look at performance. The chart below shows where we stand on a year-to-date basis for major asset...
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Chart of the day: U.S. Treasury losses in perspective
By Sober Look The histogram below shows the total return of long-dated treasuries over a rolling 4-month period since 2007. The rationale for using a 4-month period is that the climb in long-term rates...
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Chart of the day: Emerging Market Currencies and Local Currency Debt
By Marc Chandler This Great Graphic was posted by Katie Martin of Dow Jones, which she picked up from Barclay’s and was later posted by Gokkhan Kula’s from Myra Capital. The X-axis is the change in the...
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Chart of the day: QE3 has been ineffective in growing credit in the US
By Sober Look Based on the data from the Federal Reserve Bank of St. Louis here is a single chart that shows credit growth in the US is continuing to decline while the Fed’s balance sheet is expanding....
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US stock market capitalization higher than any time except NASDAQ bubble
By Lance Roberts I recently posted an article posing the question of whether, or not, the markets had entered into the “3rd Stage Of A Bull Market?” In the article I stated: “Are we in the third phase...
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Chart of the day: US house prices are up 12% in ten years
According to S&P’s Case-Shiler House Price Index, house prices are up on average 12% since 2003. The chart of the path of house prices during that time is below via the New York Times. Source: NYT...
View ArticleChart of the day: Emerging markets and the Taylor Rule
According to Wikipedia, the Taylor rule is a “monetary-policy rule that stipulates how much the central bank should change the nominal interest rate in response to changes in inflation, output, or...
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Charts of the day: Jobless claims as a real-time economic indicator
Jobless claims: a good coincident indicator of the US economy. If you look at changes in jobless claims it can also help you call turning points in the economy. I have done claims graphs a few times...
View ArticleNews: 2014-03-10
News links for 10 Mar 2014 The most in-depth research and analysis is on Credit Writedowns Pro. News: 2014-03-10 originally appeared on Credit Writedowns Links: RSS - Daily - Weekly - Twitter -...
View ArticleHow likely is an upward revision to Q4 GDP growth?
A big upward revision in the data would be what the President would call an unwelcome ‘good news’ surprise. The post How likely is an upward revision to Q4 GDP growth? appeared first on Credit...
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Chart of the Day: Japan’s Sectoral Balances
Let's talk about deficits for a second. The term deficit has some pretty serious negative connotations. So when we use that word, usually the implication is that the deficit is bad. Here's the thing...
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Chart of the Day: Euro area unemployment rate hits a record 11.8%
The unemployment rate in the euro zone hit 11.8% in November according to the numbers released by the EU this morning. That is a record. The EU-27-wide unemployment rate was 10.7%. This contrasts very...
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Chart of the day: Germany’s shrinking working-age population
I caught this FT graphic via David Wessel yesterday. It shows you that while the labour force in the Euro Zone as a whole generally continues to grow, the labour force in Germany has shrunk. During the...
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Chart of the Day: What British GDP growth since 2007 says about austerity and...
Osborne has said in the past that his austerity approach is the right one and has pointed to a 2010 paper on government debt and growth by Carmen Reinhart and Kenneth Rogoff as evidence his approach is...
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Chart of the day: US corporate bond yields are at a record low
Since we've never been at these yield levels, this is uncharted territory in corporate bond pricing. Certainly bond spreads have been lower in the past - especially during the boom years. But in the...
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Chart of the Day: Debt Deflation in the Eurozone
When I see the chart for Euro zone NPLs and look at the numbers, I think debt deflation. And this is exactly the problem with the euro zone's policy mix. The post Chart of the Day: Debt Deflation in...
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Chart of the day: Most undervalued and overvalued property markets in the world
The Daily Telegraph produced this chart based on OECD data on housing markets around the world. It shows which markets are most undervalued and which are most overvalued on a price to rent and price to...
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Chart of the day: Does this violate key principles of money creation?
In spite of the divergence in the chart, the "loans create deposits" axiom still stands - deposits are still created through bank credit. Two key developments explain much of this divergence without...
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Chart of the day: Chronic American excess capacity
The long-term trend in capacity utilization in the US shows a secular decline. After each major recession over the past 50 years, capacity utilization peaked at a lower level than after the previous...
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Chart of the Day: US house price inflation up by up to 25%
I thought this chart was a good one. It shows how quickly house prices have recovered in a number of markets. WHile DC and LA are the areas where the Case-Shiller index is at its highest, over the last...
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