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Charting 2010, Part 0: The Biggest Winners And Losers From The "New Normal", And The 6 Main Strange Attractors

Tyler Durden's picture




 

BusinessWeek has finally outdone itself: the recent Bloomberg acquisition has come up with what can be described as the definitive visual summary of the key themes and trends of the past year. What we certainly can appreciate is the magazine's attempt to be as focused, concise and cohesive as possible, which is why the punchline is as follows: "Normal, Jobs, Stuck, Currency, Spills and Gaga say all that needs to be said about 2010." From an economic perspective it is the jobs and the currency that are the all important variables. And unfortunately, both are moving in the wrong direction. But before we get into the meat of this series, with part one (jobs) and part two (currencies) here are two appetizer charts of what the biggest movers and shakers in 2010 were, together with a focal node chart that demonstrates the key strange attractors of the past year. (Incidentally, readers are encouraged to peruse James Montier's deubnking of the PIMCO trademark "New Normal" concept, by suggesting that the "Old Always" has not choice but return once mean reversion plays out.)

For those curious how just it is possible to synthesize 365 days worth of chaos into just 6 verticals, here is a very loose scatterplot which tracks the relationships between the six primary nodes.

We will shortly present part one of this "2010 in charts" series, which is also the most important one for the vast majority of the US population - jobs.

 

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Sat, 12/25/2010 - 16:13 | 829924 Black Forest
Black Forest's picture

Whoever compiled the Contents mindmap is a peasant.

Sun, 12/26/2010 - 01:40 | 830230 jeff montanye
jeff montanye's picture

or mapped that mind (not as likely).

Sat, 12/25/2010 - 16:12 | 829927 RobotTrader
RobotTrader's picture

Wonder what happens when the job market actually gets better.

Dow 20,000?

Sorry, couldn't resist.

LOL...

Merry Christmas to everyone here at ZH!

Sat, 12/25/2010 - 16:37 | 829944 Xedus129
Xedus129's picture

Dow 36 Million

Ho Ho Hooo

Sat, 12/25/2010 - 16:16 | 829930 RobotTrader
RobotTrader's picture

Who drew those pictures?

I didn't know anyone at Business Week could take so much acid...

LOL....

Sat, 12/25/2010 - 16:20 | 829931 HungrySeagull
HungrySeagull's picture

Actually taking LSD is necessary to comply with the assignment to properly keep things in order. Along with a bit of Special K injections from the home health care while you work.

 

That way you can get the job done without losing what sanity or nerve you have left.

Sat, 12/25/2010 - 16:20 | 829932 the grateful un...
the grateful unemployed's picture

For some Christmas balls try this on for size. The big RED one at the center is PRODUCTIVITY, how much stuff America makes and sells to other people, domestic and service economy is an itty bitty dingle ball in the corner.  Connected to the Big RED Ball is a SILVER ball, called Washington, the political will to a) extract wealth from our foreign trade partners, by hook or by crook, and b) the willingness of the Central government to distribute that wealth evenly across all demographics, regardless of who did what, or desrves anything.

Next to the SILVER ball is a BLACK ball called DOD, which is the part of wealth extraction of foreign resources by crook.  Between the SILVER and BLACK balls are a GREEN ball, called the FED, which could prick the COMMODITY ball, by raising interest rates, which benefits the foreign trade partners, whom we buy things from, by HOOK. The GREEN ball doesn't really fit with the SILVER and BLACK balls, so something has to give. The PAUL ball might just replace it with something sort of BLUE-GREEN. There are about 300 million pieces of popcorn hanging by a frickin thread. They bask in the light of the SQUID ball, which has sucked away all the butter and salt, and has left them stale and lifeless, a pin driven through their hearts. Yikes!

Finally there is the TEA PARTY ball, which bubbles away but is going nowhere, because the STATIST POLICY ball is about ten feet across and hangs where the star belongs. With all that weight at the top, the whole tree is ready to fall over. That's it. a lot simpler too.

Sun, 12/26/2010 - 06:38 | 830334 VeloSpade
VeloSpade's picture

Sucky my big fat sweaty ass balls.

Sat, 12/25/2010 - 16:24 | 829937 trav7777
trav7777's picture

i think I saw this one hanging at MoMA

Sun, 12/26/2010 - 01:49 | 830235 jeff montanye
jeff montanye's picture

miro collage

Sat, 12/25/2010 - 16:26 | 829939 Ted K
Ted K's picture

Awesome post and really appreciate the Montier download.  For those of us who don't want to pay for the overpriced WSJ (or the WSJ's cowcrap Editorials) this stuff really is a treasure. ZeroHedge rocks once again.  Thanks Mr. Durden.

Sun, 12/26/2010 - 18:04 | 830818 Eric Cartman
Eric Cartman's picture

Or you could just take the title from a wsj, ft, ect article then copy and paste it into google search, click search and get the entire article for free. 

 

Sat, 12/25/2010 - 16:29 | 829941 Ted K
Ted K's picture

Forgot to say Merry Christmas everyone , even to the Jews (that's a joke, don't get uptight).  Hope everyone is enjoying the time, however they choose to spend it.

Sat, 12/25/2010 - 16:42 | 829947 RockyRacoon
RockyRacoon's picture

And a nice season to you as well.  (You do know, of course, that the "J" word is in all the trolls search criteria.  You will be junked shortly and a firestorm of invective will begin.)

Sat, 12/25/2010 - 17:34 | 829979 Green Leader
Green Leader's picture

There are Messianic Hebrews but we do not believe in celebrating mongrelized festivities today.

I shall celebrate in a few days, when I get my trans-generational compensation for the Babylonian captivity of my ancestors.

Yahweh Yireh

 

Sun, 12/26/2010 - 01:53 | 830236 jeff montanye
jeff montanye's picture

trans-generational compensation bitchez.

Sat, 12/25/2010 - 23:26 | 830143 New_Meat
New_Meat's picture

The joyous Rabbi would (did) say "Merry Christmas" and I'd say thanks and "Happy Haunkkah".  Been through Ramadan and ate with the correct hand while sitting down and not showing my feet to unsuspecting eyes.

- Ned

Sun, 12/26/2010 - 01:58 | 830239 jeff montanye
jeff montanye's picture

clearly worth killing each other for (try explaining the doctrinal reasons for the thirty years war some time.  or ww1: the reason for fighting i never did get) -- peace.

Sun, 12/26/2010 - 06:42 | 830336 VeloSpade
VeloSpade's picture

Fuck x-mas....and fuck the gooz too.

Sun, 12/26/2010 - 06:43 | 830338 VeloSpade
VeloSpade's picture

actually, fuck everybody and everything

Sun, 12/26/2010 - 12:39 | 830465 Ras Bongo
Ras Bongo's picture

and fuck you too.

Sat, 12/25/2010 - 17:24 | 829974 bank guy in Brussels
bank guy in Brussels's picture

Impressive that unique New York politician Jimmy McMillan, of the 'Rent is Too Damn High Party', actually was included in the 2nd chart here, in the 'Gaga' cluster.

Over five and a half million views of his wonderful eloquence on YouTube ... clearly a leader for favourite among US political radicals -

http://www.youtube.com/watch?v=x4o-TeMHys0

Sat, 12/25/2010 - 18:02 | 829992 JohnG
Sat, 12/25/2010 - 21:29 | 830090 Herd Redirectio...
Herd Redirection Committee's picture

"The rent is too GODdamn high!"

Its a good point that Jimmy makes, perhaps the largest owners of real estate in New York  should be disclosed in his next campaign.

http://psychonews.site90.net

Check out our latest PsychoNews story, "Psy-Ops, Disinformation & Bold Faced Liars"

"One method of conducting psy-ops is through the dissemination of disinformation.  Again, if you are not familiar with disinformation, it is best to turn the history books back to the chapter on the Nazis.  Joseph Goebbels famously stated "truth is the enemy of the state", while Hitler knew that "in the big lie there is always a certain force of credibility..."

Sat, 12/25/2010 - 23:32 | 830149 New_Meat
New_Meat's picture

Herd Red-

"Its a good point that Jimmy makes, perhaps the largest owners of real estate in New York ..."

Can we get us a Chicago?  <in Doc Dean's wonderful voice> Or a Phily, Or a NYC, Or a Boston or a gararafrargbrial!

Bernays would be proud of his student and his student's product.  One wonders about his pride for the result.

Sat, 12/25/2010 - 23:51 | 830158 Herd Redirectio...
Herd Redirection Committee's picture

"Bernays would be proud of his student and his student's product.  One wonders about his pride for the result."

Feel free to elaborate.  Consumerism run wild?

Sun, 12/26/2010 - 02:21 | 830246 jeff montanye
jeff montanye's picture

i found the comment impenetrable too, but glad to make bernays' acquaintance.  

glad of your site as well but how about some democratic party psychos?  obama certainly seems to fit many of the criteria.  

also re your comment about keeping the ability to issue fiat in a few hands: seems like the hands were hand over fist on the way up (the whole shadow banking thing); now not so much.  does ben really want to keep his issuer (of last resort) title to himself?  he says he wants the banks to lend (but paying interest on reserves at the fed is, at first look, self-contradictory).   

Sat, 12/25/2010 - 20:29 | 830047 dark pools of soros
dark pools of soros's picture

So Jesus is the main Duct Tape for the screwed?

Sun, 12/26/2010 - 02:23 | 830247 jeff montanye
jeff montanye's picture

that and their guns.  the president said so.

Sun, 12/26/2010 - 00:40 | 830192 Frank Owen
Frank Owen's picture

wtf? Never thought i'd see flutists, vampires, and Justin Bieber mentioned in a "chart" at ZH.

Sun, 12/26/2010 - 00:42 | 830194 Caviar Emptor
Caviar Emptor's picture

I'm glad that a year where we only tepidly raped the environment is finally over. Let's get back to the destruction with a vengeance: we should be drilling, mining, cutting all lands that are left and thrill killing all the remaining wildlife, just so we can get a quick economic fix for a couple of years. After that? Well, you can always say 'who knows'

Sun, 12/26/2010 - 02:33 | 830254 jeff montanye
jeff montanye's picture

there are some silver linings to even these tornadic thunderheads: that the power elite has decreasing moral authority for an increasing portion of the rest of the populace joins your favorable environmental impact.  others?

Sun, 12/26/2010 - 09:40 | 830390 duo
duo's picture

If it's Bloomberg, you're sure to hear "conflict gold", "child labor", and "lead poisining, AFrica" used in at least 1 story a week.

Sun, 12/26/2010 - 02:52 | 830261 ivolatility
ivolatility's picture

“Nothing is correlated”

Nassim Taleb

 

Sun, 12/26/2010 - 06:48 | 830341 VeloSpade
VeloSpade's picture

I beleive he also said correlations fail when you need them most, os something like that....

Sun, 12/26/2010 - 12:38 | 830464 TexDenim
TexDenim's picture

These megatrends sorts of analyses are always interestingl, but they don't have much to do with what ES is doing. No one is going to convince me that Groupon's success or failure has much to do with the meaning of life. Sorry. I'm not convinced that any of this stuff is meaningful in a way that will help me make money.

Sun, 12/26/2010 - 21:00 | 831027 Fearless Rick
Fearless Rick's picture

Rent is for peasants.

Do NOT follow this link or you will be banned from the site!