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Cory’s Chart Corner
Load MoreMany will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
BREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
Daily Archives: December 15, 2011
Euro: hell bent for par?
Good big picture update on Euro trends in this chart. Weaker Euro will be better for her members’ struggling exports. Worse for European people and companies who owe money in foreign currencies and worse for the rest of the world … Continue reading
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China: the post-credit-bubble hangover continues
Some black clouds for the global economy are billowing in China today while most are distracted by ongoing antics in Europe. Some reminders courtesy of Ambrose Evans-Pritchard this morning (thanks Victor): -The Shanghai index has fallen 30% since May and is now down 60% … Continue reading
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