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Cool Video: Does the Universe Have a Purpose? Cool Video:  Does the Universe Have a Purpose? Reviewed by Marc Chandler on December 09, 2012 Rating: 5
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Great Graphic: IMF GDP Projections

December 09, 2012
This Great Graphic comes from Bloomberg's Business Week, which itself is drawn from IMF data.  We have noted before how poorly the IMF has forecast Greek GDP and this helps explain why the debt/GDP ratio is deteriorated more than expected.   
The first panel shows how poorly forecast euro area growth.  It recently admitted it under-estimated …
Great Graphic: IMF GDP Projections Great Graphic:  IMF GDP Projections Reviewed by Marc Chandler on December 09, 2012 Rating: 5
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Great Graphic: Italy's Challenges

December 08, 2012
This Great Graphic comes from the Economist. It shows that despite the decline in Italian bond yields, confidence in Prime Minister Monti continues to slump.  This in turn explains why the center-right feels emboldened, let alone Berlusconi's ambitions.  
If the first chart illustrates the political problem of the Monti, the second chart depi…
Great Graphic: Italy's Challenges Great Graphic:  Italy's Challenges Reviewed by Marc Chandler on December 08, 2012 Rating: 5
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Currency Positioning and Technical Outlook: Stirred but not Shaken

December 08, 2012
We have been tracking the deterioration of the US dollar's technical tone over the past three weeks.  That ended abruptly.  Weak euro area data, a more dovish than expected ECB, and heightened political uncertainty in Italy, saw the euro reverse lower after briefly moving above an eighteen month-old downtrend.
The UK also cut its growth outloo…
Currency Positioning and Technical Outlook: Stirred but not Shaken Currency Positioning and Technical Outlook:   Stirred but not Shaken Reviewed by Marc Chandler on December 08, 2012 Rating: 5
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Great Graphic: US Productivity

December 07, 2012
This Great Graphic is from the St.Louis Federal Reserve.   It shows the recent Q3 productivity report. 
The 2.9% increase in Q3 was the strongest since Q3 2010.  In turn, the increase in productivity with minimal increase in the wage package illustrates what we think is an under-appreciated development and that is the competitiveness of US unit …
Great Graphic: US Productivity Great Graphic:  US Productivity Reviewed by Marc Chandler on December 07, 2012 Rating: 5
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