Selected Fun Facts

Some fun facts about this year (courtesy Michael Hartnett of Merrill Lynch):

• US equities (+14%) are ahead of European equities (-6%) by the widest margin since 1976.
• US large cap is beating US small cap by 950 bps, the most since 1998.
• 50% of all government bonds globally yield less than 1%.
  • Notable exception: Venezuela US$-denominated bonds yield 22%.
• Apple’s market cap ($662 billion) is one-third greater than all Eurozone banks combined, and nearly as large as every listed company in Latin America ($695 billion).

• 1 Apr, 2015

  New Owners

  A few years, I was at a conference, standing in a buffet line. I must have become fixated on extracting the blueberries ...

• 24 Nov, 2014

  Jobs

  There's no doubt that the headline unemployment rate (5.8%) does not tell the full picture of the job market. ...

• 21 May, 2015

  Distortion or Reflation?

  A month ago, Germany could borrow for 10 years at a rate of 0.06%. Lenders were also happy that day to earn 0.47% for ...