China continues to be a potential risk factor in the background of a benign market environment for U.S. stocks. Retail sales and industrial production data releases overnight both missed expectations. A 10 year chart of …
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We’ve flagged the importance of yen weakness for global asset prices on multiple occasions in 2013. The Bank of Japan’s QE program (about $70 billion per month) is much larger than the Federal Reserve ($85 …
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This chart yesterday caught my attention. By way of Barry Ritholtz’s blog (who got it from the NYT): The economic implications of increased inequality are much less frequently discussed than the political or societal …
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You may have noticed my radio silence in the past week. Last week was my one week off in 2013, but I’m back in the saddle ready to go for the last four months of …
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MorningWord 8/15/13: After years of consistently low interest rates, U.S. GDP is stuck below 2%, unemployment is stuck above 7% and after a fairly impressive housing recovery in the last year or so there is …
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China is starting to dominate overnight price action. Similar to how in 2010, ’11, and ’12, every comment from ECB and EU officials would cause a cheer or a jeer from international investors, the PBOC …
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Debt dynamics have become increasingly important to financial markets and economic growth over the past 10 years, largely due to the increased debt load globally. There are many reasons for optimism regarding the reflation of …
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In the past month, I’ve seen many variations of the following 2 charts, comparing the performance in the S&P 500 in 2013 to the start of 2012 and 2011. Here are the 2 charts, courtesy …
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The U.S. consumer accounts for more than 70% of U.S. GDP, and U.S. GDP is more than 25% of global GDP, so the U.S. consumer’s spending alone accounts for more than 15% of global growth …
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In the past month, I’ve heard more and more traders assume the Chinese growth story was back on track, and China will boom in 2013. Yes, the Shanghai stock market was oversold in the midst …
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