This page has been archived and commenting is disabled.

The Ultimate World Economic Scorecard

Tyler Durden's picture





 

When you are out this evening at your cocktail party, discussing the state of the world, how everyone should be buying GOOG on the dips, how AAPL looks cheap (and the mini-iPad is coming soon), all that cash-on-the-sidelines, and how sentiment is so low; perhaps this handy little global economic scorecard will help bring a sense of reality back to the conversation. Barclays' Julian Callow provides everything you need to know about financial balances and economic performance (but were afraid to look) in one handy table.

 

 

Chart: Barclays

 


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 10/19/2012 - 15:16 | Link to Comment Deathrips
Deathrips's picture

Dumb ass idiots!

Bernanke...you dumb fuck.

Fri, 10/19/2012 - 15:16 | Link to Comment The Wizard of Oz
The Wizard of Oz's picture

BULLISH!

Fri, 10/19/2012 - 15:37 | Link to Comment NotApplicable
NotApplicable's picture

That's why it's red.

El Toro!

Fri, 10/19/2012 - 15:38 | Link to Comment Skip 2 My Lou
Skip 2 My Lou's picture

No EM?

Fri, 10/19/2012 - 15:44 | Link to Comment Urban Redneck
Urban Redneck's picture

No CH?  On second thought that expose some things...

Fri, 10/19/2012 - 15:19 | Link to Comment Ray745
Ray745's picture

He thinks US gross debt is only going to go up 7% points in 5 years while we are running 6-7% deficits per year right now?

 

Fri, 10/19/2012 - 16:05 | Link to Comment Zap Powerz
Zap Powerz's picture

Yeah, its not opitimal to run 6-7% deficits/yr.

Its not optimal.  Yeah, not optimal.

Fri, 10/19/2012 - 15:21 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Where's Peru, bitchez?!

Fri, 10/19/2012 - 15:35 | Link to Comment CPL
CPL's picture

Probably getting ready to re-roll the super new SOL into the Super Duper New SOL. 

 

Bullish of price increases and limited capital/credit faculties?

Fri, 10/19/2012 - 15:42 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Actually, the Peruvian Sol is up over 25% vs. the US$ over the past two years...

But, the LAST time the New Sol was worth 1,000,000 Soles (before).  I still have one.

Fri, 10/19/2012 - 15:50 | Link to Comment CPL
CPL's picture

Hey, you could live here with me in Canada and be leveraged 210% in the derivatives market that can't ever be paid back in 300 years.

 

Plus have the highest personal debt load in the world and our government is just full to the brim with complete morons running the country into the ground.  Not your run of the mill morons.  Complete morons.

 

Peru > Canada in terms of wealth, we pissed ours away on iPads and crap.

Fri, 10/19/2012 - 15:37 | Link to Comment falak pema
falak pema's picture

this chart only shows countries with pretty women ...)

Fri, 10/19/2012 - 15:39 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

I found MY pretty woman in Peru.  26 years married, I am the one who lucked out, believe me.

Fri, 10/19/2012 - 16:43 | Link to Comment falak pema
falak pema's picture

ball bearings n all, peru seems a good place to roll the dice. 

Fri, 10/19/2012 - 17:03 | Link to Comment gaoptimize
gaoptimize's picture

My Ukraine girl really knocks me out, she leaves the West behind. (38% gross external debt to GDP)

Fri, 10/19/2012 - 15:22 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

dupe, sorry

Fri, 10/19/2012 - 15:21 | Link to Comment ebworthen
ebworthen's picture

I see too much red, and too many A's.

What color glasses would make red look green?

Fri, 10/19/2012 - 15:22 | Link to Comment francis_sawyer
francis_sawyer's picture

Ummm... How's ICELAND doing?

Fri, 10/19/2012 - 15:42 | Link to Comment El Viejo
El Viejo's picture

Out of the frying pan and out of the fire.  Everybody else is bar-b-que  (low and slow)

    Their banksters are in jail where they can do no more harm.

http://politicalvelcraft.org/2012/10/09/iceland-dismantles-the-corrupt-arrests-10-rothschild-bankers-then-issues-interpol-arrest-warrant-for-rothschild-banker-sigurdur-einarsson/

Fri, 10/19/2012 - 22:46 | Link to Comment DaveyJones
DaveyJones's picture

amazing when you kick out your politicians and jail your bankers how different things look...

Fri, 10/19/2012 - 15:22 | Link to Comment drink or die
drink or die's picture

This chart would look better if we came up with another color after red.  Green -> yellow -> red -> purple?

Fri, 10/19/2012 - 15:33 | Link to Comment mayhem_korner
mayhem_korner's picture

 

 

There are blocks colored in infrared.  But you need special vision gear to see it...

Fri, 10/19/2012 - 15:23 | Link to Comment viahj
viahj's picture

no China?

Fri, 10/19/2012 - 15:29 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Exactly, the only useful message here is that corporations in America have successfully unloaded their debt on the public.  FAIL.

Fri, 10/19/2012 - 16:30 | Link to Comment Zadok
Zadok's picture

Air pull debt can ( and eventually will...probably painfully) return from whence it came.

Fri, 10/19/2012 - 15:24 | Link to Comment NEOSERF
NEOSERF's picture

Nice chart...need the anti-BLS fudge factor to account for under-reporting so multiply the numbers on this chart by 1.2x.  Thing that jumps out is that the US will have 3% avg GDP growth in the next 5 years when the rest of the world is around 1%...how is that going to happen unless the Bush tax cuts are not only forestalled but are increased?

Fri, 10/19/2012 - 15:34 | Link to Comment mayhem_korner
mayhem_korner's picture

how is that going to happen

 

it ain't.

Fri, 10/19/2012 - 15:25 | Link to Comment timbo_em
timbo_em's picture

No Uganda? Once they invaded Congo they must be way better off than Spain.

Fri, 10/19/2012 - 15:26 | Link to Comment Zap Powerz
Zap Powerz's picture

USA = epic fail

We spend too much damn money killing people and feeding people that have no business being alive.

Warfare/welfare states are too fucking expensive and we cant afford it anymore.

Fri, 10/19/2012 - 15:32 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Perhaps it is simply your use of English that has me confused, but if people "have no business being alive", wouldn't killing them be the right thing to do?

How's that cognative dissonance of yours doing?

Fri, 10/19/2012 - 15:36 | Link to Comment mayhem_korner
mayhem_korner's picture

 

 

Based on your spelling and his correct use of grammar, the dissonance is in thy reflection, LOP.

Fri, 10/19/2012 - 15:40 | Link to Comment Zap Powerz
Zap Powerz's picture

Allow me to clarify:

We spend trillions of dollars waging war to kill people with bombs and bullets.

We spend trillions of dollars feeding people that are unable to feed themselves.

Both are a massive waste of money.  Im not opposed to killing.  Im opposed to waste, dysfunction, inefficiency, laziness, and corruption.

Glad to clear it up for you.

Fri, 10/19/2012 - 16:50 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Much better, release the animal spirits then.  Bring it.

Fri, 10/19/2012 - 18:03 | Link to Comment DosZap
DosZap's picture

Zap Powerz,

We spend trillions of dollars feeding people that are unable to feed themselves.

That IMHO is ok if we could afford it still, if they are UNABLE.

Where the MAIN issue is, is WE do the same thing with people WHO can,but wont,because of the freebies.(USA)

Fri, 10/19/2012 - 15:35 | Link to Comment falak pema
falak pema's picture

who is we; I keep hearing that collective noun?

Fri, 10/19/2012 - 15:43 | Link to Comment Zap Powerz
Zap Powerz's picture

When I say "we" I refer to me and the three other people still paying some fucking income tax in this stupid fucking cuntry so that my stupid fucking government can waste it on stupid fucking wars and stupid fucking people that cant feed themselves.

Fri, 10/19/2012 - 16:41 | Link to Comment falak pema
falak pema's picture

the 4 musketeers; at last! One for all...take heart.

Fri, 10/19/2012 - 17:52 | Link to Comment DosZap
DosZap's picture

Warfare/welfare states are too fucking expensive and we cant afford it anymore.

 

Yep, warfare, and WORLD welfare states....................we go into Iraq, liberate them,lose 3000+ American lives, and pay for reconstruction, get ZERO oil,and they are angry with us because we have not fulfilled a BS part of the agreement.

MEANWHILE, they make pacts with Russia, and China,selling them their oil,and letting them into the country.

That is a Lose/ Lose deal if ever was one.

NO foreign agreements should pass muster w/out US determining if it's not hurting us, and helping enemies, and we should have kept a military presence there, as long as it took, to make sure it did not happen.(since we went in where we should not have to begin with).

Sat, 10/20/2012 - 13:01 | Link to Comment Bad Attitude
Bad Attitude's picture

"We" (the United States) are about to do it again in Afghanistan - get nothing for the precious blood and treasure we have spent in that Islamic shit hole. The difference being that Afghanistan has metals rather than oil. The Chinese will mine those metals, including the rare-earth metals, and turn them into iJunk to sell to us.

Fri, 10/19/2012 - 15:27 | Link to Comment mayhem_korner
mayhem_korner's picture

 

 

The 3.0% 2012-17 GDP growth for the U.S. is the "Waldo" on the chart. 

Also, it's really not complete without the Egan Jones ratings.

Fri, 10/19/2012 - 21:08 | Link to Comment Elliott Eldrich
Elliott Eldrich's picture

Thank you! Without Egan Jones ratings, a chart like this is like a hot fudge sundae without nuts or a cherry on top...

Fri, 10/19/2012 - 15:27 | Link to Comment I Am Not a Copp...
I Am Not a Copper Top's picture

Just about time for the RAMP

Fri, 10/19/2012 - 15:28 | Link to Comment Mister Ponzi
Mister Ponzi's picture

Why is the Italian number of net external assets already yellow, while the US is worse but not highlighted?

Fri, 10/19/2012 - 15:28 | Link to Comment Backdraft
Backdraft's picture

If you squint your eyes and blur your vision a bit, the purdy colors run together and spells out "YOU'RE FUCKED !"

Damn the banksters and politcians to hell, the jizzsuckers....

Fri, 10/19/2012 - 23:30 | Link to Comment Abrick
Abrick's picture

Jizzsuckers have value, bankerster and politicians don't even give you a reach around.

Fri, 10/19/2012 - 15:29 | Link to Comment francis_sawyer
francis_sawyer's picture

Won't have to worry about 'Palestine' ever being on a list like that because pretty soon there won't be one...

~~~

http://uruknet.com/?p=m91937&hd=&size=1&l=e

Fri, 10/19/2012 - 17:04 | Link to Comment JR
JR's picture

Netanyahu is legalizing the plunder of Palestine. These unjust social and property attacks by Israel and the U.S. upon Palestinian liberty are pure evil.

Utilizing the dumb muscle of Uncle Sam, Netanyahu is socializing against individual man’s natural right to defend his person, his liberty and his property – destroying the equal rights of the some to protect the plunder of others.

As uruknet.info writes and you cite: “Israeli media sources reported that Israeli Prime Minister, Benjamin Netanyahu, intends to submit a proposal for 'legalizing' illegal Israeli settlement outposts, built on privately-owned Palestinian lands in the West Bank.

“Netanyahu will soon be submitting the proposal to his ministerial council. Once approved, illegal and irregular Israeli settlement outposts in the occupied West Bank , including in and around occupied East Jerusalem, will be considered 'legal’ under Israeli law and will start receiving services from the government.”

Israel, aka the U.S., is using law to destroy its own objective, to annihilate the justice that it was supposed to maintain.

For what is law but, according to Frederic Bastiat, "the common force, organized to act as an obstacle to injustice. In short, law is justice.”

Writing in “The Law" during and after the French Revolution of 1848 when France was rapidly turning to complete socialism, Bastiat said:

“The existence of persons and property preceded the existence of the legislator and his function is only to guarantee their safety.”

Unfortunately, what America inflicts abroad with impunity upon the Palestinian people via her surrogate Israel, she now is encouraged to inflict at home .What goes around, comes around. Without law, without "the collective organization of the indilvidual right to lawful defense," man cannot defend his person, his liberty, or his property.

Sat, 10/20/2012 - 07:49 | Link to Comment AynRandFan
AynRandFan's picture

Didn't Israel win that territory in the 1967 war?

So much for your morality.

Fri, 10/19/2012 - 15:29 | Link to Comment mayhem_korner
mayhem_korner's picture

 

 

Triple C with a negative outlook.  That means that double D is about to walk through the door.  That's usually a positive.

Fri, 10/19/2012 - 15:46 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

I <heart> Dunkin Donuts.

Oh..........not that double D, this double D.

:)

OK.....maybe you mean these?

Fri, 10/19/2012 - 15:54 | Link to Comment kevinearick
kevinearick's picture

next up, Microsoft, again. Let's see how these masters of the universe are going to solve the global collapse on the margin. Are you really expecting something "new" that will generate real confidence?

windows Infinity, tablet Infinity, etc is going to solve everything, right?

what is a hedge fund?

the massholes in vermont have increased income over the period. interesting data point...

Sat, 10/20/2012 - 08:06 | Link to Comment tip e. canoe
tip e. canoe's picture

what'ya got against vermont, kev?  curious....

Fri, 10/19/2012 - 15:34 | Link to Comment falak pema
falak pema's picture

those who have the most to lose fall the hardest; as they are more extended than others. Ask yourself the leading edge and leveraged  downside questions, those that determine who is most brittle or most resilient. 

Fri, 10/19/2012 - 15:36 | Link to Comment Confundido
Confundido's picture

What's going on with gold...Anyone noticed that if you type GOLDS CMDTY price is 1,731 and if you type XAU it is 1,721?

Fri, 10/19/2012 - 17:58 | Link to Comment DosZap
DosZap's picture

What's going on with gold

Could it be the 200+ point mkt drop?, w/more to come..............

Next week it will go lower.(PM's)

THEN BTFD.

Fri, 10/19/2012 - 15:46 | Link to Comment JLee2027
JLee2027's picture

A sea of problems

Fri, 10/19/2012 - 16:31 | Link to Comment gaoptimize
gaoptimize's picture

US gross debt (2012) = $16.1T = 107% of GDP

A) Real GDP (2017) << (GDP (2012)) * 1.02^5 = $16.6T, even assuming we avoid a recession.

B) Real US gross debt (2017) ~> (US gross debt (2012)) * 1.07^5 = $22.4T and I consider this an absolute best case scenario.

Real US gross debt to GDP 2017 = B/A = ~1.35, Not 1.14.  What kind of hopium is this guy smoking?, because I'd love some.  I predict a recession in 2013 and US Gross debt to GDP far above 1.5 by 2017.

 

 

Fri, 10/19/2012 - 17:59 | Link to Comment JustObserving
JustObserving's picture

US debt clock has US debt hitting nearly $24 trillion by 2017.  So using your optimistic estimate for GDP, that makes US debt to GDP by 2017  equal to 1.45.

By 2017, US unfunded liabilities will be at least  $154.5 trillion.  The unfunded liabilities to GDP ratio works out to be 9.3

Fri, 10/19/2012 - 16:33 | Link to Comment whatswhat1@yahoo.com
whatswhat1@yahoo.com's picture

If every small business in America sold off every asset it had and handed it over to the Federal government, it would still only pay off one-third of the debt.

If each family in America handed over all their savings to the government (the average is just $4,721per family), it would only pay down $391 billion – not even enough to cover half of one year’s deficit!

If every one of the 83 million families in America sold their houses for an average price of $125,000 and handed the proceeds over to the government, it still wouldn’t pay off the debt.

Fri, 10/19/2012 - 20:52 | Link to Comment ultraticum
ultraticum's picture

Precisely my dear friend.  And that is why we need to PRINT MORE DEBT!  After all, if you could collect interest on money you created out of nothing to loan to some poor sap who you know can't pay it back - and when he doesn't the government will bail you out - wouldn't you? 

 

Repeat after me:  Iceland.  Iceland.  Iceland.

Sat, 10/20/2012 - 08:28 | Link to Comment toomanyfakecons...
toomanyfakeconservatives's picture

I assume you are inferring handcuffs and the slammer for the guilty parties... http://tinyurl.com/cd5cyjo/

Sat, 10/20/2012 - 00:28 | Link to Comment Tic tock
Tic tock's picture

How does, and what are, the US have -26 for net external assets' ?

Sat, 10/20/2012 - 01:17 | Link to Comment ak_khanna
ak_khanna's picture

Countries around the world are taking on more debt without any fruitful attempts to curb their expenditures. This has resulted in a much more fragile and artificially held up financial system which is on a much shaky ground than it was in 2008. In 2008 companies failed due to excessive leverage and debt and now countries are likely to default because they took on the same bad debt on themselves so that the bankers can continue to gamble in the commodity, stock, bond and currency markets with other people's money and enjoy ever increasing bonuses and pay packages for themselves. The only thing that the politicians can do is to lavishly spend tax payers money towards bailouts which creates a much bigger crises a few months down the line but does not solve anything. 

http://www.marketoracle.co.uk/Article35345.html

Sun, 10/21/2012 - 04:46 | Link to Comment Tompooz
Tompooz's picture

What's that with the gross household debt (looking at Holland here) ?

Isn't that relatively high because of the mortgage tax deductability?

 

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