Cory's Chart Corner
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Daily Archives: July 15, 2013
Inequality is real, it’s personal, it’s expensive and it was created. Today, 1% of Americans are taking home nearly 20% of the country’s total income and own nearly 35% of the country’s wealth. This didn’t happen by accident. As former … Continue reading
This morning Asian stock markets staged a relief rally of sorts apparently on news that the Chinese economy (the world’s 2nd largest) expanded at an official annualized rate of 7.5% in the second quarter. This number although higher than some … Continue reading
Mean reversion cycles are a constant through the market history of every single asset class. Campbell Harvey, professor of international business at Duke University, explains that the fair price of gold is $800 per ounce and argues that the precious … Continue reading
Moral conundrums aside, the reality of asset bubbles that have burst is that bad debts that cannot be repaid–won’t be. Extend and pretend policies, only prolong the economic drag aftermath. Admitting and purging bad debts from the financial system is … Continue reading