The Mess That Greenspan Made - Part 18

Weight and Credit in America

Not sure what to do with this first item after saving it the other day, I noticed that the deep south turned up at the bottom of this and another survey recently- obesity and credit scores per the latest data from The State of Obesity and The State of Credit.

There’s probably a handful of other surveys that Mississippi ranks last on, though, at this point, I don’t think I really want to know what they are.

Monday Morning Links

21 arrested as Brussels remains in lockdown – RTE News
Brussels remains on high alert: ‘multiple operations underway’ – euronews
CNN’s deplorable mainstreaming of anti-Muslim bigotry – The Week
Gun-Toting Protesters Rally Against ‘Islamization’ at a Texas Mosque – Vice News
Masters of the Finance Universe Are Worried About China – Bloomberg
A Lesson for Paris Climate Talks: Follow the Activists – The Nation
Great News! Americans Don’t Care About Climate Change – The Federalist
Four charts on race and murder to tweet back at Donald Trump – Quartz
Trump on protester: ‘Maybe he should have been roughed up’ – CNN
ObamaCare’s predictable collapse – The Hill
The quiet unraveling of ObamaCare – The Week
Monetary Fiasco – Credit Bubble Bulletin
Dispersion Dynamics – Hussman Funds

Stocks trim losses, oil finds support – MarketWatch
Commodities hit as dollar continues to rise – Reuters
We’re witnessing a slow motion tech wreck – CNN/Money
Selloff From Oil to Metals to Crops Halts Global Rally in Stocks – Bloomberg
Oil rises after Saudi Arabia reiterates willing to work with non-OPEC – Reuters
Shanshui Default Woes Hit China as More Bond Sales Scrapped – Bloomberg
The Market Has No Bite Without the “FANG” Stocks – Visual Capitalist
Gold drops towards 6-year low on dollar, US rate hike view – Reuters
SHANGHAI vs COMEX: Opposite Moves In Silver Inventories – SRSrocco Report

Economists Say GDP to Be Revised Higher – Bloomberg
Venezuela Sees Crude in Mid-$20s If OPEC Doesn’t Act – Bloomberg
Shock Therapy Awaits Argentina as Macri Breaks the Kirchners’ Grip – Fortune
Cut Oil Supply or Drop Riyal Peg? Saudis Face ‘Critical’ Choice – Bloomberg
China says won’t cease building on South China Sea isles – Reuters
Japan Renews South China Sea Alert, Pushes Aussies on Submarines – Bloomberg
Why the Housing Rebound Hasn’t Lifted the U.S. Economy Much – WSJ
End of the Road? Impact of Interest Rate Changes on the Automobile Market – NY Fed
Fed may need permanently big balance sheet, Williams says – Reuters
Mission Accomplished – Fed Watch


Fun with Zero on the Y-Axis

To someone who used to produce a lot of charts (not so much at all anymore), this video about when and where to place zero on the y-axis was pretty entertaining.

Of course, this being Vox, Fox News was the poster-boy for using the Y-axis to lie, however, when looking at the detail behind the example that was offered up, the deception that was produced by the “Fair and Balanced” network was pretty egregious.

Friday Morning Links

Gunmen Take 170 Hostages in Mali Hotel – Vice News
Mali attack: Special forces storm hotel to free hostages – BBC
ISIS warns of new attacks: ‘The White House will turn black with our fire’ – Daily Mail
German Economic News Infers France Will Re-Align with Russia – Washington’s Blog
UnitedHealth might quit Obamacare. That would be a huge deal. – Vox
Half of New Yorkers Say They Are Barely or Not Getting By – NY Times
Trader calls off appeal for help with $106,445.56 E-Trade debt – MarketWatch
Yes, Donald Trump could absolutely be the Republican nominee in 2016 – Washington Post
Hey, Donald Trump, More Mexicans Are Leaving the US Than Entering – Vice News
Poll: Trump leads, Carson drops and Cruz moves up – Politico
House passes bill calling for rule-based monetary policy – Reuters
Reining In a Sprawling Federal Reserve – WSJ

European stocks buoyed by Draghi stimulus hint – AP
Global shares march on as alarm bells ring for metals – Reuters
Bond ETF Withdrawals Surge Ahead of Higher Rates – Bloomberg
Capital Destruction Rages Beneath S&P 500 Tranquility – Wolf Street
Oil Crash Means Biggest Boomers Halt Supply Growth in 2016 – Bloomberg
Goldman eyes $20 oil as glut overwhelms storage sites – Telegraph
Gold extends gains on rebound from near six-year lows – Reuters
This Is How GOLD Acted During Past Rising Rate Cycles – Secular Investor
Even as gold prices tank, bearishness hasn’t set in – MarketWatch
India monetizes 14 ounces of gold –

A turning Point in Unemployment Claims? – Fabius Maximus
New Businesses Are Creating Jobs More Slowly Than a Decade Ago – WSJ
Money really can buy happiness, Harvard prof says – CNN/Money
ECB willing to act fast to boost inflation, says Draghi – Reuters
Draghi Says ECB Will Do What It Must to Spur Price Gains – Bloomberg
Blame It On the Rain: Chinese Firms Cite Weather for Woes – WSJ
China Coal Miner Gets Government Bailout Before Bonds Mature – Bloomberg
The Housing Market Has a Major Supply Problem – Fortune
Here we go again? More confusion on Fed and rates – CNBC
The Fed induced farce – Burning Platform


Another Leg Down for Commodities?

Like many others who opine on this sort of thing, in an item at Project Syndicate Harvard economist Carmen Reinhart says another leg down (or two) could be in store for the commodities bear market now in its fourth (or seventh, depending on when you start) year.

Even though the dollar has weakened today, the price of WTI crude oil briefly dipped below the $40 mark which, should this move continue in the weeks ahead, make the Fed’s deliberations on interest rate hikes all the more interesting.

© 2010-2011 The Mess That Greenspan Made