EconomPic
Wednesday, November 30, 2011

The Importance of Small Business Hiring

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The WSJ details the potential good news on the job front: Private-sector jobs in the U.S. rose by 206,000, according to a national employme...
5 comments:
Tuesday, November 29, 2011

Are Home Prices Inexpensive Relative to History?

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It depends on the time frame you are looking at. The below charts show real appreciation (after inflation), by city where available, going b...

Consumer Confidence.... Things Are Looking Up as it Can't Get Much Worse Editition

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BusinessWeek details: Consumer confidence climbed in November by the most in more than eight years as Americans grew more upbeat about empl...
Sunday, November 27, 2011

The European Impact on Financials and Risk Assets

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I wrote back in early October that financials have been an important factor in risk asset performance for the better part of the past four ...
Friday, November 25, 2011

Whipsaw

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What was down (risk assets), was up, then down again. What was up (Treasuries), was down, then up again. Below is an assortment of sector ET...
Wednesday, November 23, 2011

European Industrial New Orders Crumble

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Industrial production within Europe for the month of September was ugly (see here ), but nothing compared to new orders made during the same...
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Corporate Profits vs. Personal Income

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Stagnant wages and outsourced production (reduced expenses for corporations - higher unemployment / underemployment for individuals), combin...
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Tuesday, November 22, 2011

GDP Growth Revised Down Due to (Lack of) Inventory Rebuild

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Bloomberg details: The economy in the U.S. expanded less than previously estimated in the third quarter, reflecting a drop in inventories t...
1 comment:
Monday, November 21, 2011

Morality and Religion

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Lots of interesting topics in the PEW Research Center's The American-Western European Values Gap . Here's one... Note: bringing up r...
Friday, November 18, 2011

EconomPics of the Week

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U.S. (Pointing Up) Leading Indicators... Full Steam Ahead Retail Sales Ratchet Higher Capacity Utilization vs. Inflation Employment (Ugly / ...
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Leading Indicators... Full Steam Ahead

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Whether or not the U.S. can truly break away from European concerns is still an open question, but recent economic data points to a decrease...
Thursday, November 17, 2011

Unemployment: Due to Lack of Domestic Expansion, Not Layoffs

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The BLS released their latest Business Employment Dynamics report that breaks out positive change in employment (by expansions and new busi...
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Bill Miller Stepping Down as CIO

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Update: the Yahoo Finance data for LMVTX that I had used appears to be wrong (no clue why and quite frankly concerning). The chart has been ...
7 comments:
Wednesday, November 16, 2011

Capacity Utilization vs. Inflation

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Marketwatch details: The output of the nation’s factories, mines and utilities rose 0.7% in October, the Federal Reserve said Wednesday in ...
3 comments:
Tuesday, November 15, 2011

France is No Germany

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FT Alphaville details: The 30-year German bond yield is close to a record low, around 2.48 per cent at pixel time. France might be able to ...

Retail Sales Ratchet Higher

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The WSJ details: U.S. retail sales rose in October as Americans spent their dollars at electronics stores and on the Internet, a sign that ...
Monday, November 14, 2011

R.I.P. Teen Workforce

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Last Thursday, my friend GYSC had a post at his blog Economic Disconnect titled Odd Jobs Over the Years . He outlined the jobs he has had ...
1 comment:

European Recession?

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Expect there to be a larger focus on European economic data in the coming months. With that in mind, Bloomberg details European industrial ...
2 comments:
Friday, November 11, 2011

EconomPic Recap: We're Not Gonna Take It Edition

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Similar to the sentiment hopefully shared by all of you, I am appalled by the horrific events that have taken place over the course of the l...
1 comment:

Breaking Down Trade

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While the U.S. still imports MUCH more than we export ($43.1 billion more in September alone to be exact), the trend has shown positive sign...
Thursday, November 10, 2011

Job Opening and Labor Turnover Point to (Slow) Recovery

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NPR reports: U.S. employers advertised more jobs in September than at any other point in the past three years. The increase suggests hiring...
Tuesday, November 8, 2011

Deleveraging is Not a Myth

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The New Yorker's The Develeraging Myth states (at a high level) that consumers are not deleveraging because they are still spending: Am...
4 comments:
Friday, November 4, 2011

Breaking Down Employment

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BusinessWeek details: U.S. employment climbed in October at the slowest pace in four months, illustrating the “frustratingly slow” progress...
1 comment:
Wednesday, November 2, 2011

How's the Job Recovery?

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While MF Global and the situation in Europe significantly reduce the importance of any economic release, I thought I would highlight today...
Monday, October 31, 2011

Spending, Transfer Payments, and Taxes

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As the chart below shows, personal outlays (i.e. spending) has grown significantly faster than wages over the past decade. Even before the c...
3 comments:
Thursday, October 27, 2011

Economy Grows at 2.5%, Led by Spending and Investment

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BusinessWeek details: The U.S. economy grew in the third quarter at the fastest pace in a year as Americans reduced savings to boost purcha...
1 comment:

Unsustainable... Transfer Payments

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Transfer payments are defined simply as: Money given by the government to its citizens. As long-time readers know, I am all for government ...
9 comments:
Wednesday, October 26, 2011

The Rich Get "Slightly Less Baller"

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Greg Mankiw points out that we've been forgetting about a demographic that has been hit extra hard by the economic downturn... the rich...
2 comments:
Tuesday, October 25, 2011

Consumer Uncertainty

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Source: Conference Board
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Monday, October 24, 2011

On the Seasonality of Equities

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EconomPic has outlined the seasonal performance of the equity market (with a "secret sauce" twist) a number of times (most recen...
3 comments:
Sunday, October 23, 2011

Below Trend Growth

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The WSJ details: It looks as if, despite everything, gross domestic product picked up in the third quarter, easing fears that the U.S. was ...
Friday, October 21, 2011

EconomPics of the Week

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Investing Emerging Market Rotation Strategy It's All About Financials Industrial Production "Inflection" to Lead Equities Hi...
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Explaining the Retail Sales / Confidence Dislocation

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My buddy Sami Mesrour (from Blackrock ) had a write up earlier this month titled Follow What I Do, Not What I Say; Consumer Spending and C...
3 comments:
Thursday, October 20, 2011

Leading Economic Indicators

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Bloomberg details: The index of U.S. leading economic indicators increased in September at a pace that suggests a slower rate of growth in ...
Wednesday, October 19, 2011

Inflation

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Source: PPI / CPI
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Monday, October 17, 2011

Industrial Production "Inflection" to Lead Equities Higher?

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The WSJ reports: U.S. industrial production grew in September but the gain was small, underscoring the economy's lack of vigor. Product...
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Tuesday, October 11, 2011

It's All About Financials

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The chart below compares the absolute return of an investment in the S&P 500 vs. the excess return of an investment in the investment gr...
5 comments:
Monday, October 10, 2011

Emerging Market Rotation Strategy

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Along with taking a deeper look at macro trends / releases to try to figure out this whole economy thing (in these all-too-interesting times...
12 comments:
Friday, October 7, 2011

Employment Reports Mixed

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PBS details: According to the "establishment survey" of places that hire, the economy added more jobs than predicted: just over 1...
Thursday, October 6, 2011

More on Chinese Investment

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Yesterday, I posted about China's Investment Conundrum (specifically, that China can't keep growing their investments at the torrid...
1 comment:
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