Total Household Net Worth As Percent Of GDP

The following chart is from the CalculatedRisk Blog on December 13 http://www.calculatedriskblog.com/ and depicts Total Household Net Worth as a Percent of GDP.  The underlying data is from the Federal Reserve Flow of Funds 3Q 2009 report. I am posting it here for reference purposes, and I might comment upon it in the future.  I find it … Read more Total Household Net Worth As Percent Of GDP

Stiglitz On 2010

Here is a story from yesterday on comments by Joseph Stiglitz about his views on 2010 economic performance: http://www.cnbc.com/id/34507080 From the article: “Nobel Prize-winning economist Joseph Stiglitz warned there’s a “significant” chance the U.S. economy will contract in the second half of next year…” I find Stiglitz’s view significant because it is in marked contrast to that of the … Read more Stiglitz On 2010

Banker Pay

Recently, both President Obama and Treasury Secretary Geithner have bemoaned the banker pay issue.  Here is a Wall Street Journal story of December 14 containing President Obama’s comments on the issue, which contains his “fat cat” quote: http://online.wsj.com/article/SB126073152465089651.html Here is a Bloomberg article of December 5 that mentions Treasury Secretary Geithner’s comments: http://www.bloomberg.com/apps/news?pid=20601109&sid=aWBnxBZDUtZo What I find notable about President Obama’s and … Read more Banker Pay

2010 S&P500 Earnings Projections

Tommorrow’s Barron’s cover story has forecasts provided by 12 strategists and investment managers.   I would like to highlight their S&P500 earnings forecasts for 2010.  As seen on page 28, the average of the 12 stated forecasts is $75.75. From what I have seen, this $75 level is very common among forecasters, and as such seems like the predominant forecast for … Read more 2010 S&P500 Earnings Projections

Two Notable Ben Bernanke Articles

Here are two articles on Ben Bernanke that I found interesting.  There is much I could comment upon in each.  I disagree or otherwise have differing opinions on various statements in these articles; however, I do feel the stories are valuable as they present an in-depth look at Ben Bernanke from a historical and philosophical perspective. … Read more Two Notable Ben Bernanke Articles

Jim Rogers And Ron Paul Video Interviews

Here are two interviews that I found interesting.  Although I don’t necessarily agree with all of the views voiced by Jim Rogers and Ron Paul, I think both interviews are well worth watching. Here is the Jim Rogers interview (length 5:20), titled “What Recovery? America’s Problems ‘Getting Worse, Not Better,’ Jim Rogers Says” on Yahoo … Read more Jim Rogers And Ron Paul Video Interviews

Wall Street Journal Article On “Strategic Defaults”

Yesterday The Wall Street Journal had an article titled “Debtor’s Dilemma: Pay the Mortgage or Walk Away.”  Here is the link: http://online.wsj.com/article/SB126100260600594531.html The article has a variety of statistics and views on the issue of “strategic defaults.”  As well, it discusses the legality and consequences of such. I have previously written numerous blog posts on the issue of … Read more Wall Street Journal Article On “Strategic Defaults”

US Dollar and S&P500 Comments

Here are two charts that I find notable. The first is the daily chart of the US Dollar.  I have added the 50-day moving average.  As one can see, the trend seems to be “up.”  This increase, if sustained, will pressure the US Dollar carry trade and that would likely have an outsized negative impact on various markets: … Read more US Dollar and S&P500 Comments

Article On Asset Price Bubbles

In my opinion, the existence of asset price bubbles is of paramount importance. I have recently written a few posts on the subject.  I would now like to comment on a Wall Street Journal article from Monday titled “Economists Warn of Asset-Price Bubbles.”  Here is the link: http://online.wsj.com/article/SB126074172673289729.html First, I would like to reiterate that I … Read more Article On Asset Price Bubbles