A neat data summary for the European ‘real economic debt’ dynamics since 2006:In the nutshell, the Euro area recovery:Government debt to GDP ratio is up from the average of 66% in 2006-2007 to 89% in 2016;Corporate debt to GDP ratio is up from the aver…
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Tech Financing and NASDAQ: Divorce Proceedings Afoot?
by Constantin Gurdgiev •
Based on the recent data from Kleiner Perkins, there has been a substantial inflection point in the relationship between NASDAQ index valuations and tech IPOs around 2015 that continued into 2016-2017 period.Over the period 2009-2014, the positiv…
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Seattle’s Minimum Wage Lessons for California
by Constantin Gurdgiev •
Two states and Washington DC are raising their minimum wages comes July 1, with Washington DC’s minimum wage rising to $12.50 per hour, the highest state-wide minimum wage level in the U.S.
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Unwinding the Mess: Fed’s Road Map to QunE
by Constantin Gurdgiev •
As promised in the previous post, a quick update on Fed’s latest guidance regarding its plans to unwind the $4.5 trillion sized balance sheet, to the Quantitative un-Easing…
First, the size and the composition of the problem:
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The Fed: Bravely Going Somewhere Amidst Rising Uncertainty
by Constantin Gurdgiev •
Predictably (in line with the median investors’ outlook) the Fed raised its base rate and provided more guidance on their plans to deleverage the Fed’s balance sheet (more on the latter in a subsequent post).
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Unwinding the Mess: ECB vs Fed
by Constantin Gurdgiev •
My guest post on the potential paths to unwinding monetary policies excesses by the Fed and ECB is available on FocusEconomics : http://www.focus-economics.com/blog/the-fed-ecb-at-a-crossroads-unwinding-qe.
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Four Months of the Invisible Fiscal Discipline
by Constantin Gurdgiev •
U.S Treasury latest figures (through May 2017) for Federal Government’s fiscal (I’m)balance are an interesting read this year for a number of reasons. One of these is the promise of fiscal responsibility and cutting of public spending and deficits made by President Trump and the Republicans during last year’s campaigns.
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And the Ship [of Monetary Excesses] Sails On…
by Constantin Gurdgiev •
The happiness and the unbearable sunshine of Spring is basking the monetary dreamland of the advanced economies… Based on the latest data, world’s ‘leading’ Central Banks continue to prime the pump, flooding the carburetor of the global markets engin…
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10/6/17: Visualizing Cyber Security Attacks
by Constantin Gurdgiev •
Here is a brilliant visualization of data breaches over time and by size: http://www.visualcapitalist.com/worlds-biggest-data-breaches/.As the chart above clearly shows, the number of reporter/disclosed attacks has exploded, staring with 2014, and…
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Cart & Rails of the U.S. Monetary Policy
by Constantin Gurdgiev •
Let’s start thinking. The U.S. Treasury yields are underlying the global measure of inflation since the onset of the global ‘fake recovery’. Both have been and are still trending to the downside.
