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Great Graphic: Big Mac Index Updated

January 26, 2014
This Great Graphic show the highlights of the latest reiteration of the Economists Big Mac Index.  Since 1986, it has been illustrating the concept of Purchasing Power Parity by looking at the price of  McDonald's ubiquitous Big Mac in various countries.  The spot currency price is as of January 22.  
Norway and Switzerland continue to stand ou…
Great Graphic: Big Mac Index Updated Great Graphic:  Big Mac Index Updated Reviewed by Marc Chandler on January 26, 2014 Rating: 5
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Great Graphic: Intl Comparison of Income to the Top 1%

January 26, 2014
This Great Graphic was posted on CNN Money by Tami Luhby.  It shows the percentage income in a eight countries, including the US, that the richest 1% receive.  The lighter bars are for 1981 and the darker bars are for 2009.  The data comes from a new Oxfam report.   
While the 1% in the US command a much greater share of national income than their …
Great Graphic: Intl Comparison of Income to the Top 1% Great Graphic:  Intl Comparison of Income to the Top 1% Reviewed by Marc Chandler on January 26, 2014 Rating: 5
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Cool Video: Birds Don't Hibernate

January 25, 2014
Until around 1900, the most accepted idea was that birds hibernated during the winter. We now know that many birds migrate. And not to the moon, as earlier observers thought.  This Cool Video from Minute Earth discusses what we now know about bird migration.  




Cool Video: Birds Don't Hibernate Cool Video:  Birds Don't Hibernate Reviewed by Marc Chandler on January 25, 2014 Rating: 5
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Currency Positioning and Technical Outlook: Dollar and Yen Shine

January 25, 2014
The biggest move, over the past week, among the major currencies, was the short squeeze that lifted the Japanese yen. Before last week, the yen was already the strongest of the majors against the dollar, rising about 1.0% through January 17. The combination of the drop in US and Japanese equities, and the sharp decline in US bond yields, helped …
Currency Positioning and Technical Outlook: Dollar and Yen Shine Currency Positioning and Technical Outlook:  Dollar and Yen Shine Reviewed by Marc Chandler on January 25, 2014 Rating: 5
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Carney Pushes Back, Sends Sterling Reeling

January 24, 2014
The Bank of England Governor refused to consider an early rate hike given that the unemployment rate is nearing the 7% threshold it had previously provided.  At a CBI lunch in Davos, Carney  indicated that the recovery needs to strengthen, and there was "some way to run" before he would sanction higher rates.   
This dovish push back agai…
Carney Pushes Back, Sends Sterling Reeling Carney Pushes Back, Sends Sterling Reeling Reviewed by Marc Chandler on January 24, 2014 Rating: 5
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