Say “goodbye” to long-winded commentary. Instead, say “hello” to easy-to-understand graphics to put important economic and investing news into perspective for you and some quick-hit observations on non-stop government spending, the importance of emerging markets and the next sovereign debt crisis. Words: 340; Charts: 4
So writes Louis Basenese (www.WallStreetDaily.com) in edited excerpts from his original article entitled Friday Charts: Spendaholics, Sovereign Debt and Proof That Emerging Markets.
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Basenese goes on to say, in part:
Certainties: Death, Taxes… and More Government Spending
Finally! Congress reached a compromise to avert the dreaded Fiscal Cliff. Don’t worry about all the details contained in the 154-page bill, though. This graphic tells us all we need to know.
Lest you think I’m manipulating statistics to try to hide a delayed benefit, here’s another chart from the non-partisan CBO. It shows the impact of the compromise over the next decade.
Definitive Proof That Emerging Markets Matter
Do you doubt the significance of emerging markets? Here’s proof that they’re a really, really big deal and yet, according to BlackRock, investors only allocate 5% of their capital on average to emerging markets
Cry for Argentina!
The United States narrowly averted a fiscal crisis – for now, at least – but not all countries promise to be so lucky. Particularly Argentina.
Since 1800, Argentina has reneged on its debt seven times (that’s one more time than Greece over the same period) so that makes Argentina a serial defaulter and debt restructurer. Misery loves company, Argentina. Greece is waiting.
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One can barely keep up with what is going on here in Argentina, since each day brings more ‘new’ government dictates, rules and initiatives which all seem to share the same features – dumb and dumber – and virtually all with guaranteed unintended negative consequences. Let me give you my on-the-ground insights of the lay of the land – of what is REALLY happening in Argentina – and about to happen! Words: 853
Is it a coincidence that Greece, a country with a 40% smoking rate, has dug itself into such a financial mess? What is fiscal irresponsibility, if not an unwillingness to deal with discomfort today in exchange for future financial health? [Let me explain why an analogy to a country’s addiction to smoking is so appropriate when considering the Greeks’ attitude to their country’s sovereign debt woes.] Words: 650
With both the fiscal cliff and debt ceiling looming, US stocks beginning to trail stocks overseas and the much increased volatility of the US market compared to those outside the United States, it is getting difficult to argue that the United States is still the “safe port” in a storm. Given the changing dynamic, we continue to believe that this is a good time for investors to consider lowering their overweight position in US equities while raising the allocation to international stocks. [I explain my position more fully in this article.] Words: 711
Mexico, with the world’s 13th largest GDP, is no longer a “Third World Country”, but rather a fast growing, economically secure state. [Mexico is a great place to visit for a week or the winter, take early retirement to, and/or to invest in. This article outlines the new economic reality of the country.] Words: 785
With the meida channels flooded with commentary over the resolution of the fiscal cliff – I thought just a few simple charts  could make things just a bit easier to understand.
At the 13th hour, the House passed the compromise bill that appears to have helped the U.S. avoid imminent economic disaster – from their own inability to reach a compromise before the January 1st deadline. For now, the markets appear to be cheering the reduction of some uncertainty but it’s not the all-inclusive deal that many had hoped for. Below are some of the apparent winners and losers included in the deal. Words: 765