This Great Graphic was posted on the Sober Look blog. It took it from research from JP Morgan. It compares the bank’s data surprise models for the US and Europe. It documents what we have experienced. US...
Here is a Great Graphic posted on Zero Hedge, which in turn came from JP Morgan research. It highlights several economic time series from France that shows the deterioration of the French economy since the start of last...
This Great Graphic comes from Zero Hedge, who got it from SocGen It purports to depict the performance of the S&P 500 and concludes that QE is generating diminishing returns. Although our eyes can deceive us, we...
The Wall Street Journal brings to our attention the fact that the reserves at the Reserve Bank of Australia have risen sharply over the past two months. Its reserves have risen by A$863 mln over the past two months after...
Policy makers are taking new measures to address the financial and economic crisis. The ECB’s OMT, the Federal Reserve QE3+ and the BOJ’s increase in its asset purchase program is the monetary response. To this...
This Great Graphic is from the Economist. It shows the Gini coefficient that measures income inequality. If every one has the same income, the Gini coefficient would be zero. If one person received all the income...
There are two developments in Europe that seem particularly telling of what to expect in the period ahead. First, the market has been anticipating a formal request from Spain for assistance. It is not likely any...
The Bank of England and the European Central Bank meets tomorrow. A strong case can be made that the economic conditions and outlook warrant additional monetary easing. After the UK economy contracted for three consecutive...
The Reserve Bank of Australia delivered a 25 bp rate cut earlier today. While the ECB, BOE and BOJ meet later this week, expectations are low for additional action. Sweden’s Riksbank meets on October 25 and could...
We have argued that the recycling of private sector surplus from the northern countries in the euro area to the southern debtors is the key mechanism that has broken down and causing a disruption in the transmission of...