EconomPic
Monday, May 10, 2010

Chinese Real Estate Prices Jump Most in 5 Years

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Bloomberg details: China’s property prices rose a record in April, defying government measures to stem gains and suggesting more drastic cu...
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Reflation Trade... Back On

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Source: Yahoo
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Consumer Credit Steady... Details Mixed

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The latest consumer credit released occurred late Friday. Business Week details: Consumer borrowing in the U.S. unexpectedly rose in March ...
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Hedge Funds Show Continued Strength in April

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In what can broadly be described as PR for Paulson & Co rather than an article, the WSJ details (Paulson & Co references removed): ...
Sunday, May 9, 2010

Europe: Too Much Debt? Add ~$1 Trillion More

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Bloomberg details the "shock and awe": European policy makers unveiled an unprecedented loan package worth nearly $1 trillion and...
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Friday, May 7, 2010

EconomPics of the Week... I Deserve a Drink Edition

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Financial Markets / Asset Classes The Certainty of Uncertainty The Great Reflate The Low Quality Corporate Bond Rally The One Day Unwind? PA...
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Hours Worked per Person Picking Up

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A figure EconomPic has not shown in a while... the number of hours worker per person (i.e. person as in every person in the U.S. - more det...

Employed... Labor Force... Unemployment Rate... All Jump

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The number of individuals employed jumped in April showing signs of life in the job market (red bars in the first chart below). In addition,...
Thursday, May 6, 2010

Well, That Was Interesting

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This post was timely! Following a tough two days , we momentarily saw a complete meltdown as liquidity completely disappeared from the mark...
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Productivity vs. Employment

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Reuters details: U.S. non-farm productivity growth slowed sharply in the first quarter, government data showed on Thursday, suggesting busi...
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Wednesday, May 5, 2010

The Certainty of Uncertainty

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Abnormal Returns has a great post about uncertainty and investing; a topic that has been on my mind of late due to the bomb scare , oil spi...
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Make that a Two Day Unwind...

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Source: Yahoo Finance

ISM Services Index Grows at Same Pace

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Marketwatch details: Growth in the U.S. service sector was flat in April, but activity remained at the highest rate in four years, accordin...

The Low Quality Corporate Bond Rally

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The low quality (i.e. high beta) corporate bond rally has continued into 2010... As a reminder... the SPECTACULAR rally of 2009. We'll s...
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ADP: Three Straight Months of Increased Employment

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ADP reports: Nonfarm private employment increased 32,000 from March to April 2010 on a seasonally adjusted basis, according to the ADP Nati...
Tuesday, May 4, 2010

The One Day Unwind? PART II

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After last weeks European induced sell-off, EconomPic asked if it was a one day event (last week... it was ). How about this time? Source: ...
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Sell in May... Don't Go Completely Away

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There is always lots of "Sell in May, Go Away" chatter this time of year. Marketwatch's Mark Hulbert (via Abnormal Returns )...
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The Great Reflate

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Tony Boeckh (via John Mauldin ): To rescue the economy and financial system from near-total meltdown, the government created an unprecedent...
Monday, May 3, 2010

Auto Sales Mixed, but Show Continued Rebound

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The Atlantic details: April was a good month to be in the U.S. auto business. The top-seven auto companies all saw increased sales compared...
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Manufacturing Continues Expansion in April

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Bloomberg details: Manufacturing expanded in April at the fastest pace since 2004, propelling a U.S. recovery that’s getting a bigger lift ...

Not Sustainable

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The WSJ details: U.S. consumer spending rose twice as fast as income in March as saving dropped to its lowest level in 18 months and a clos...
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Sunday, May 2, 2010

Are Retirement Ages Going to Increase?

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Paul Kedrosky of Infectious Greed provides a table of the average retirement age for a number of countries and posits: I would love to be ...
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Friday, April 30, 2010

EconomPics of the Week (4/30/10)

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These posts are from the last two weeks (no 'EconomPics of the Week' last week as there were only four posts). Economic Data GDP G...

How Far Had We Fallen? A LOT...

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I "borrowed" the concept of the chart below from Calculated Risk , which showed the GDP declines from the prior peak for post WWI...
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Year over Year GDP Breakdown

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Same type of chart as this morning, but with year over year figures (rather than quarter over quarter annualized) and going back to Q1 '...
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GDP Growth Slows in Q1: Back to Reliance on the Consumer

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Marketwatch details: U.S. consumer spending rose at the fastest rate in three years in the first quarter of 2010, powering the economy to a...
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Thursday, April 29, 2010

Continued Widespread Deflation in Japan

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Bloomberg details: Japan’s consumer prices fell for a 13th month in March, indicating the economy remains hampered by deflation even as the...
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College Enrollment Rate at New High

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Economix details: More than 70 percent of the members of the high school graduating class of 2009 were enrolled in college last October. Th...
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Wednesday, April 28, 2010

Just a One Day Unwind...

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Yesterday , I asked if the sell-off was just a one day unwind? For the time being, it indeed looks like any dips may still be buying opportu...

You Call that a "V"?

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This... is a V! Bloomberg with the details (hat tip to Rolfe Winkler ). Junk bonds are trading within a half cent of face value for the fir...

More on the S&P 500 Relative Value

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Earlier this week, EconomPic detailed the relationship between the S&P 500 and nominal GDP and asked "Is the S&P 500 at Fair V...
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A Greek Tragedy

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Money CNN details: The yield on Greek bonds soared to record levels again, a day after Standard & Poor's slashed its debt rating on...

Corporate Earnings: Mixed, but Broadly Upgraded...

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In this week's edition of EconomPic Q&A, a new reader asked: I'm looking for a report on sector earnings. I want to see what per...
Tuesday, April 27, 2010

The One Day Unwind?

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Or the the start of something bigger? Performance during today's risk-asset sell-off was rather interesting. Take a look at the order of...

Consumer Confidence Increases in April

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Bloomberg reports: Confidence among U.S. consumers increased in April to the highest level since September 2008 as Americans became more up...
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Year over Year Housing Prices Up for the First Time Since 2006, But Momentum Weak

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The Washington Post details: Home prices in February posted their first annual increase in more than three years, though it's too early...
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Mass Layoffs...

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BLS reports: The Good... The number of mass layoff events in March increased by 58 from the prior month, while the number of associated ini...
Monday, April 26, 2010

Texas Manufacturing: Recovery Gaining Traction

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RP details: Texas factory activity increased for the sixth month in a row in April, according to business executives responding to the Texa...
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Is the S&P 500 at Fair Value?

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The first chart shows the relative value of the S&P 500 as compared to nominal GDP (to be more specific... the S&P 500 index / nomin...
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The Greek Blow Out

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Bloomberg details: The yield premium investors demand to hold the nation’s 10- year bonds rather than German bunds climbed to more than 600...

Fixed Income: One Long Round Trip Edition

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A lot has happened since the summer of 2007, about the time when the word " subprime " entered mainstream culture (fun fact, it wa...
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Thursday, April 22, 2010

Food and Energy Drive PPI Higher

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Marketwatch details: Higher prices for vegetables helped drive U.S. wholesale prices higher by a seasonally adjusted 0.7% in March, reversi...
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