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
From the WSJ: Fannie Mae said it would seek $7.8 billion more in U.S. government assistance after posting a wider loss in the third quarter as the housing market’s troubles continued. The Washington-based mortgage finance company on Tuesday posted a … Continued
There has been increasing talk recently about how 7% interest rates are an unsustainable level for European governments. The idea is crystalized in the Wall Street Journal article: Italy Nears Brink Point as Its Bond Yields Spike which highlights the 7% level … Continued
Below is a letter that is written monthly for the benefit of Avondale Asset Management’s clients. It is reproduced here for informational purposes for the readers of this blog. Dear Investors, Finally, a chance to write with unqualified good news … Continued
Newsclip via CNN: Older Americans are now 47 times richer than the youngest generation, marking the largest wealth gap ever recorded between the two age groups. Maybe occupy Wall Street should occupy local senior centers instead…the real 1%:
$26 for $5 worth of company. (Up to a -$26 value). Over 35 million bought!