Initial claims fell this week to 388,000–still elevated, but certainly an improvement. Below is a time series of initial claims (4wk moving average) since 2000. Today’s level is still consistent with the levels seen in the 2000 recession.
It seems like markets have been on quite a roller coaster ride over the last few months, and as mentioned in a previous post, the average daily move of the S&P 500 over the last 90 days is the 4th highest … Continued
The Wall Street Journal is reporting that Sony is in talks with cable networks to stream content directly to devices over the internet. This is interesting not only because it’s one of the more forward thinking moves that Sony has made in … Continued
Retail sales were reported this morning up 0.5% for October and up a robust 7.2% on a year over year basis. The growth in consumption has been pretty spectacular, especially compared to wage growth as demonstrated in the chart below. … Continued
Buffett gave a 3 hour interview on CNBC this morning. Below is an excerpt echoing sentiment that he’s expressed hundreds of times elsewhere as well: BUFFETT: Well, I don’t know about (ETFs) specifically, but I would think anything that causes … Continued
Some random statistics on the S&P 500: S&P 500 aggregate market cap: $12.01T TTM aggregate revenue: $9.86T Aggregate book value: $5.95T Average gross margin: 45% Average operating margin: 14% For comparison: US GDP: $15.2T
Interesting macro food industry chart pulled from a presentation by Darling international.
Another day, another triple digit move on the Dow and >1% change on the S&P 500. The markets have certainly been volatile lately, but how does the last few months’ volatility compare on a historical basis? Below is a chart … Continued
By now, most people are probably familiar with a chart that looks something like the one below. It shows sovereign debt as a percent of GDP as of 2011. (All data are 2011 IMF estimates) Click to Enlarge The ratios … Continued
If Italy’s debt loads are unsustainably high, then what should one think about Japan? The country has an economy and population that is shrinking and a national debt that is much larger than Italy’s. Click to Enlarge I’ve cherry picked … Continued