Charts of the Week
A Long-Term Look at the UK
December 31, 2020
A look at the UK since 1801
A look at the UK since 1801
Crude oil prices and production since 1859
A look at labor statistics since 1774
A look at the average years of education across the world
Today's topics include the latest on the stimulus battle, inflation's upcoming transitory price shock, Treasury supply & demand, European banks gobble up government debt, a look at next year's FOMC voters, a great year for IPOs, the end of the great bond bull market?, MSLP extended 8 days due to deadline application surge, hedge funds: humans vs. machines, online vs. brick & mortar shopping, and betting on bitcoin in a big way
As booming raw industrial commodity prices point to higher nominal growth expectations in 2021, the dynamic between real growth and inflation will be a major influence on the returns of risk assets. Risk assets do not perform well when inflation is accelerating. We have not seen that in a generation. Our fear is inflation may rear its head in 2021.
Today's topics include more stimulus check drama, how fast will economic activity bounce back from holiday lull?, bank revenues in 2020, betting against the dollar, the jobs market, more on decreasing reliance on Chinese manufacturing, central bank purchases & inflation, and Tesla's competition
Today's topics include Trump signs stimulus bill, money printing, hedge fund winners & losers, margin debt hits record, growth vs. value, the global supply chain, and bitcoin's big year
Betting markets still give Republicans a 74% chance of retaining the majority of the Senate. Polls are diverging from bettors and showing a more mixed race.