Charts of the Week
Breaking Down Global GDP
July 17, 2019
A look at global GDP, broken down by country and region
A look at global GDP, broken down by country and region
Although the aggregate size of North America's economy is on par with that of Asia and Europe, its stock market is much larger.
The first Democrat debate appears to have only weakened front-runner Joe Biden's prospects for nomination. According to bettors, this has improved Trump's odds of winning next year's election.
A look at Trump's approval rating
Our top posts from the last week.
A look at spot and inflation-adjusted gold prices since 1901
Yield curve control, as part of Japan's larger quantitative and qualitative monetary easing program, has not helped the Japanese economy or increased inflation. Along the way it has damaged their bond market, killed their banks and punished their savers. Naturally, the ECB and Fed are taking detailed notes to possibly implement something similar.
China and Japan are now on equal footing in regards to their holdings of U.S. Treasuries. This month's data also shows China did not weaponize its Treasury holdings in a knee-jerk reaction to the trade war's escalation in early May.
Today's topics include global developments and monetary policy, why a Fed-induced melt-up in stocks is unlikely, why markets are wrong to cheer a Fed cut, the dollar and monetary policy, leveraged loans, the death of the Phillips curve, retail sales, negative rates, dysfunction in the housing market and the Senate takes on Libra.
Foreign revenue-focused stocks are outperforming domestic revenue-focused stocks. While cable news interest in China/trade stories spiked after Trump's May 5 tweet, the vast majority of companies never mention it in their presentations.
In our latest Bloomberg column, we make the case that the Fed should cut 50 basis points. More than likely, they will follow the market's orders and cut 25 basis points. This might not be enough.