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Financial Pop Quiz

Tyler Durden's picture




 

Think you know finance? Test your skills with this quick pop quiz.

  1. Which global sector is a mere 10% away from falling below its 1998 Asia/Russia/LTCM crisis lows relative to global equities, in market-cap terms?
  2. The five governors of Fed, BoJ, ECB, BoE and BoC have been in their current positions for a total of 12 years; over that period, how many times have Yellen, Kuroda, Draghi, Carney and Poloz raised interest rates?
  3. In US High Yield there are 36 sectors; how many are currently generating a total return loss in 2015?
  4. In April next year, the bull market in the S&P 500 would become the longest, second longest or third longest bull market of all time?
  5. At their peak in 2008, just two days before the ECB infamously hiked interest rates, Energy & Materials accounted for 24% of the global equity market cap; as we approach the infamous September FOMC, what do Energy & Materials account for now?
  6. Which are the top three best performing global asset markets in the past six months?
  7. Global interest rates are currently at five-year lows, 50-year lows, 500-year lows or 5,000-year lows?
  8. Which S&P 500 sector, the mirror image of EM performance over the past ten years, has just reached a new cyclical high?
  9. Following China’s currency devaluation last week, how many other central banks have officially devalued their currencies?
  10. Of the 36 PMI’s across the globe, how many are currently below the boom-bust 50 level?
  11. Since the Fed last hiked interest rates 110 months ago, how many times have global rates been cut?
  12. Name the only two commodities that are up in price in 2015?

Answers here. Source BofA

 

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Thu, 08/20/2015 - 08:08 | 6446528 Headbanger
Headbanger's picture

Uhhhh...   THREE!

Or three factorial....

Thu, 08/20/2015 - 08:09 | 6446539 Haus-Targaryen
Haus-Targaryen's picture

I failed. Apparently I am an illiterate. 

Thu, 08/20/2015 - 08:09 | 6446541 StackShinyStuff
StackShinyStuff's picture

I will answer them all at once: 1) We're fucking doomed, or 2) BTFD

Thu, 08/20/2015 - 08:18 | 6446555 Cognitive Dissonance
Cognitive Dissonance's picture

There is only one question that matters in a con game. Who is the sucker?

Thu, 08/20/2015 - 08:26 | 6446577 NoDebt
NoDebt's picture

Q:  Under whose Presidency did the largest downturn in the global economy take place?

Furture Answer:  Barack Hussein Obama.  The downturn began in mid 2015, steepened steadily into early 2016 and fell off a cliff towards the elections.  Widespread bailouts of every major corporate owner of the US were announced in September of that year.  Obama was quoted as saying "Bush's fault."  Bernie Sanders was swept into office in a landslide win.  Donald Trump moved to Texas, was elected Governor two years later and Texas became the first state to successfully secede from the union shortly thereafter.

 

Thu, 08/20/2015 - 08:35 | 6446610 negative rates
negative rates's picture

That was a sinus jam of a quiz.

Thu, 08/20/2015 - 09:13 | 6446728 messymerry
messymerry's picture

I'm pathetic, I only got 13 right... 

Hey Cog, Sit at the table and take a good look.  If you don't see the idiot, you're it...

A plaque on my boat:  Sit at the table and take a good look - the first complainer is the next meal's cook...

;-D

Thu, 08/20/2015 - 09:48 | 6446848 Fahque Imuhnutjahb
Fahque Imuhnutjahb's picture

13. Which Central Bank puts the welfare of it's everyday citizen above that of it's oligarchy?

Thu, 08/20/2015 - 10:03 | 6446909 messymerry
messymerry's picture

 

 

 

A.  United States

B.  Iran

C.  All of them

D.  What is a Central Bank?

Thu, 08/20/2015 - 10:21 | 6446930 gmrpeabody
gmrpeabody's picture

"There is only one question that matters in a con game. Who is the sucker?"

I am looking all around, Cog..., and I'm not seeing anybody obvious.

(oops..., hat tip to messymerry above)

Thu, 08/20/2015 - 12:55 | 6447610 messymerry
messymerry's picture

Playing the fool got me retired at 44.

The pleasure is all mine,,

;-D 

Oops, a typo:  Playing the fools got me retired at 44... snickers snickers

Thu, 08/20/2015 - 10:37 | 6447046 Slomotrainwreck
Slomotrainwreck's picture

A plaque on my boat:

... and the rest of the crew have to eat the gruel?

Thu, 08/20/2015 - 12:51 | 6447688 messymerry
messymerry's picture

LOL, The gruel was amazing.   We kept a pressure cooker going continuously.  It never got refrigerated, but instead, got boiled each day along with whaterver we had to add to the gruel in the pot.  Fress fish, canned beans, a shearwater, a turtle, a squid or three... etc. ad nauseam.  After a few weeks of this the gravy in the pot was indescribable.  In a seaway, we cooked with seawater, so you can add all kinds of bioluminescent plankton to the recipe. 

One of my fondest memories of living on the boat is the pressure cooker,,,,

;-D

Thu, 08/20/2015 - 10:13 | 6446946 epicurious
epicurious's picture

If only fonazoon had not left we would all have known right off the bat.

Thu, 08/20/2015 - 10:40 | 6447057 A Nanny Moose
A Nanny Moose's picture

If you don't know who the sucker is, then the sucker is you (generally speaking).

Thu, 08/20/2015 - 08:10 | 6446542 Headbanger
Headbanger's picture

I got it!  I got it!

The answer to everything is....   is....

 

 

 

FORTY TWO!

Thu, 08/20/2015 - 08:19 | 6446552 Mr Poopra
Mr Poopra's picture

Bonus question:  How many of our top military and defense are Freemasons or Jesuits?

Bonus question 2:  Should dual citizens currently employed in government be tried for treason or simply shot?

Thu, 08/20/2015 - 08:19 | 6446557 jellen
jellen's picture

And I need a third arm to help with my drinking problem I developed after being enlightened at ZH.

Thu, 08/20/2015 - 08:21 | 6446559 Arnold
Arnold's picture

Pass me a beer Boss.

Thu, 08/20/2015 - 08:30 | 6446593 jellen
jellen's picture

I thought the answer to everything was " in fact 42" could be wrong.

Thu, 08/20/2015 - 08:33 | 6446603 jellen
jellen's picture

Ok pop quiz, what was the name of the guy who took the year off dead for tax reasons?????

Thu, 08/20/2015 - 09:47 | 6446813 Arnold
Arnold's picture

Tom Hanks. (castaway)

 

That 'Restaurant at the End of the Universe' gets old unless you watch the movie 'The Hitchhiker's Guide to the Galaxy' and have to reread the series for the sixth time.

 

Then it becomes very old.

 

-- Marvin

Thu, 08/20/2015 - 09:44 | 6446829 DrNybble
DrNybble's picture

I'll have to give that number some very DEEP THOUGHT.

Thu, 08/20/2015 - 08:41 | 6446630 NoVa
NoVa's picture

@ Haus

I'm a CPA and a CFA, and I failed all questions.  I'm ill too

Thu, 08/20/2015 - 10:05 | 6446920 lunaticfringe
lunaticfringe's picture

I got five right which appears to be pretty high on the ZH Bell Curve. What do I win?

Thu, 08/20/2015 - 09:59 | 6446896 Hard Assets
Hard Assets's picture

Questions 2 and 11.

How many rate hikes and how many cuts ?

I answered 0 and 100.

Answers : 0 and 697.

 

At this point, what difference do the other questions matter ?

 

Like the dindu nuffin that got shot 11 times during a botched bank robbery. The investigating detective said, "Worst suicide he had ever seen". 

Thu, 08/20/2015 - 08:05 | 6446529 ZippyBananaPants
ZippyBananaPants's picture

Mitch Cumpstien

Thu, 08/20/2015 - 08:11 | 6446543 Usurious
Usurious's picture

USURY is the root of all evil..........

''If Jews account for just 2% of the general population, then, all things being equal, there would be a 1/50 chance of a single Jew being selected as Fed Chair. The odds of FIVE consecutive Jews would therefore be 1/50 x 1/50 x 1/50 x 1/50 x 1/50 = 1 in 312,500,000!"---Radical Marijuana

 

Thu, 08/20/2015 - 08:44 | 6446643 Usurious
Usurious's picture

''The PROBLEM IS DEBT MONEY... & THE GODDAMNED MONEY DOESN'T JUST PRINT ITFUCKING SELF people... Somebody actually does that & they have their own interests in mind when they do...''

francis_sawyer 2013

Thu, 08/20/2015 - 12:27 | 6447542 Totentänzerlied
Totentänzerlied's picture

"THE GODDAMNED MONEY DOESN'T JUST PRINT ITFUCKING SELF"

Francis clearly failed to distinguish between money and credit-money. Credit-money is loaned into existence on demand by a private bank for a customer, and indeed, the customer does have his own interests in mind. The credit-money does not create itself, it is a good subject to supply and demand.

If you cannot eliminate demand you will never have a chance at controlling supply. Markets do not create themselves. That the debt = usury crowd comprehends this self-evident truth is abundantly clear by the fact that they comprehend the mortal threat credit deflation poses to creditors.

Blaming supply while ignoring demand is the mark of a moral crusader with no better argument. The American "War on X" policy offers multiple quite perfect examples.

Thu, 08/20/2015 - 08:46 | 6446655 MASTER OF UNIVERSE
MASTER OF UNIVERSE's picture

Probability is raycisst.

Thu, 08/20/2015 - 08:49 | 6446665 Usurious
Usurious's picture

indeed......the truth is a raycist!

Thu, 08/20/2015 - 09:51 | 6446853 Arnold
Arnold's picture

pogrom

is the word you are looking for.

Thu, 08/20/2015 - 08:54 | 6446677 SmedleyButlersGhost
SmedleyButlersGhost's picture

Good God, I even failed the spelling part. I was convinced it was spelled Joos.

Thu, 08/20/2015 - 08:12 | 6446546 BandGap
BandGap's picture

The only way to win is not to play.

Thu, 08/20/2015 - 08:13 | 6446547 Fishthatlived
Fishthatlived's picture

No one told me there would be a pop quiz today.

Thu, 08/20/2015 - 08:17 | 6446554 The Ingenious G...
The Ingenious Gentleman's picture

yes-no-no-yes-no-yes-yes-no-yes-no-yes-not sure
I'm pretty sure that's 11/12 - financial expert level

Thu, 08/20/2015 - 08:21 | 6446562 eddiebe
eddiebe's picture

The only thing that matters in today's finance is wether you are in the club or not.

Thu, 08/20/2015 - 08:22 | 6446570 buzzsaw99
buzzsaw99's picture

math is hard

Thu, 08/20/2015 - 08:35 | 6446609 Sturm und Drang
Sturm und Drang's picture

maff

Thu, 08/20/2015 - 08:25 | 6446574 agstacks
agstacks's picture

I got some catching up to do

Thu, 08/20/2015 - 08:31 | 6446578 SillySalesmanQu...
SillySalesmanQuestion's picture

Dupe.

Thu, 08/20/2015 - 08:30 | 6446592 SillySalesmanQu...
SillySalesmanQuestion's picture

I scored at least as well or better than any present day economist with a masters or PHD...Except for NoDebt. He'll ace this blindfolded.

Thu, 08/20/2015 - 08:33 | 6446601 kralizec
kralizec's picture

So, you got at least one right!  Good for you!

Thu, 08/20/2015 - 08:32 | 6446599 Kilgore Trout
Kilgore Trout's picture

I'm bein` oppressed!

Thu, 08/20/2015 - 09:18 | 6446751 taoJones
taoJones's picture

+100 for M.Python's Holy Grail reference

Thu, 08/20/2015 - 09:41 | 6446822 Smiddywesson
Smiddywesson's picture

"Who are you who are so wise in the ways of Science?"

- Sir Belvedere

Thu, 08/20/2015 - 08:34 | 6446605 Dre4dwolf
Dre4dwolf's picture

Answers:

 

 

1) Doesn't matter because central bank.

2) Doesn't matter because central bank.

3) Doesn't matter because central bank.

4) Doesn't matter because central bank.

5) Doesn't matter because central bank.

6) Doesn't matter because central bank.

7) Doesn't matter because central bank.

8) Doesn't matter because central bank.

9) Doesn't matter because central bank.

10) Doesn't matter because central bank.

11) Doesn't matter because central bank.

12) Doesn't matter because central bank.

Thu, 08/20/2015 - 09:21 | 6446763 drendebe10
drendebe10's picture

Ans:  E.  All of the above.

Thu, 08/20/2015 - 08:34 | 6446606 fuu
fuu's picture

697 rate cuts without a raise.

GREEN SHOOTZ!

Thu, 08/20/2015 - 08:41 | 6446636 RaceToTheBottom
RaceToTheBottom's picture

OK, in the last 10 years, what percentage of Fed Governers had their compensation increase by more than 50% after they left the role of Fed Govenor?

Thu, 08/20/2015 - 08:42 | 6446637 BITCH SLAPPER
BITCH SLAPPER's picture
  1. Name the only two commodities that are up in price in 2015?                                  A) Gold & Silver????                                                                                      Say Wha Bioch
Thu, 08/20/2015 - 08:42 | 6446638 fromthinair
fromthinair's picture

I did not even attempt. It is ironic that the source is BofA - yet another "what's under my pillow. Uncle Ben, did you do that?" moment. The answers are only needed to be known who make knowing such information a basis for their living. And, then such people are supposed to deliver on their fiduciary duty. Person on the street engaged in different trades need not know the answers.

Thu, 08/20/2015 - 08:46 | 6446658 Son of Captain Nemo
Son of Captain Nemo's picture

Short Answer to all these questions on this quiz:

hamburger is $7.40 a lb and strip steak is $22.00 a lb...

So for you mindless scum out there the price of "meat" hasn't risen in a "very, very, very long time"...

Just take the Fed's word for it and be happy that they are always at the ready to keep prices under control with their "instrument(s)"!

Thu, 08/20/2015 - 09:01 | 6446693 MASTER OF UNIVERSE
MASTER OF UNIVERSE's picture

I failed, but I have test anxiety, so I demand a pass, or I will complain to the Ombudsman, and the Dean of BofA.

 

NOTE: If we get enough signatures we can launch a Class Action Lawsuit against BofA for traumatizing us all with a 'Pop Quiz', and for ruining all our lives forever.

Thu, 08/20/2015 - 09:02 | 6446701 RiverDrifter
RiverDrifter's picture

I only got 3 correct - I need to spend less time working and more time on ZH apparently.

Thu, 08/20/2015 - 09:02 | 6446702 Conax
Conax's picture

I coulda aced it but it's a white man's test.

Thu, 08/20/2015 - 09:16 | 6446745 headhunt
headhunt's picture

word.

Thu, 08/20/2015 - 09:09 | 6446725 reginald
reginald's picture

1. Commodities 

 

2. Never

3. 8

4. Longest

5. 10%

6. Property, pork, beef

7. 50 

8. Tech\Biotech

9. 5

10. 13

11. 1,000

12. Pork, beef

Thu, 08/20/2015 - 09:11 | 6446731 Bahamas
Bahamas's picture

I only partially answered 2 questions: 1 Vietnam that devalued the currency and cocoa going up ,,but I gues two partial answers don't count so I failed.

Thu, 08/20/2015 - 09:18 | 6446752 Azannoth
Azannoth's picture

Anybody not passing this test with at least 50%+1 is not qualified to read ZH .. no go back to your porn ppl.

Thu, 08/20/2015 - 10:12 | 6446942 clade7
clade7's picture

Randy Bentwick the boy genious has spoken!  Let the jacking off commence!

Thu, 08/20/2015 - 11:49 | 6447362 headhunt
headhunt's picture

Government grading - 58%... PASS

Smart enough to vote as they are told.

Thu, 08/20/2015 - 09:19 | 6446754 Seasmoke
Seasmoke's picture

This test is Anti-Semitic. 

Thu, 08/20/2015 - 09:25 | 6446774 large_wooden_badger
large_wooden_badger's picture

This test does not discriminate against Middle Eastern peoples.

Thu, 08/20/2015 - 09:25 | 6446772 large_wooden_badger
large_wooden_badger's picture

Just provide a "reasonable answer" to each question and you've passed the quiz per Common Core standards.

Thu, 08/20/2015 - 09:40 | 6446819 Kokulakai
Kokulakai's picture

The answers make no difference; we're all going to hell in the end

Thu, 08/20/2015 - 09:52 | 6446861 DrNybble
DrNybble's picture

Maybe we should all just enjoy the journey before we get there.

Thu, 08/20/2015 - 10:08 | 6446929 Sweet Cheeks
Sweet Cheeks's picture

Well, maybe we are not all going to hell, but I fear that it is going to seem like it.  Stock up on beans, bullets, and bandaids.

 

Thu, 08/20/2015 - 09:48 | 6446849 22winmag
22winmag's picture

Tis rayciss.

Thu, 08/20/2015 - 09:55 | 6446878 Infinite QE
Infinite QE's picture

Is there a Kommon Kore version?

Thu, 08/20/2015 - 10:06 | 6446925 Sweet Cheeks
Sweet Cheeks's picture

Where is the study guide?

Furthermore, I demand someone teach the damn lesson first before testing our happy butts.  I am bringing my momma to school tomorrow and she will explain how this should work. 

 

Thu, 08/20/2015 - 15:20 | 6448402 Infinite QE
Infinite QE's picture

Oh, and I need it in Spanish along with some EBT funds for food while I study it.

Thu, 08/20/2015 - 10:29 | 6447004 messystateofaffairs
messystateofaffairs's picture

Answer to all of the questions: I don't give a shit. The worlds economic quagmire is  caused by fiat currency that has been largely engineered by well educated phychopathic con artists who mostly originate from a tribe whose code of conduct is penned thru satanic influence. 

I have no interest in playing in that mud puddle. I never have and never will own a stawk or a bond. I earn my wealth by trading real things that real people want and I store wealth in real stuff I or others have use for. When this shit show enters the overt slavery phase I will do what is necessary, I have no intention of being assimilated into satans little party.

Thu, 08/20/2015 - 11:17 | 6447204 Consuelo
Consuelo's picture

FASB-157...?

 

 

Thu, 08/20/2015 - 11:57 | 6447410 assistedliving
assistedliving's picture

Frig this quiz...where did i put my crack

Thu, 08/20/2015 - 12:17 | 6447497 silverserfer
silverserfer's picture

my answer, dont bother  looking under the devils skirt. Just buy PM's and go sit out on the back deck and enjoy a cold one.  

Thu, 08/20/2015 - 12:51 | 6447689 Who was that ma...
Who was that masked man's picture

I looked under the devil's skirt once.  I was sorry for having done it................  but I'd do it again.

Thu, 08/20/2015 - 13:12 | 6447796 WhackoWarner
WhackoWarner's picture

Ok OK maybe a nit picker here but:

2.The five governors of Fed, BoJ, ECB, BoE and BoC have been in their current positions for a total of 12 years; over that period, how many times have Yellen, Kuroda, Draghi, Carney and Poloz raised interest rates?

11.Since the Fed last hiked interest rates 110 months ago, how many times have global rates been cut?

 

are contradictory are they not?   Fed raised 110 months ago  but the answer? to 2.  is none?

 

So I gave myself the corrction and actually answered 5 correctly.  Not bad for a hot head, gin drinking cycnic who wants these idiots in stocks in the public square. 

 

 

Thu, 08/20/2015 - 13:20 | 6447840 S Spade
S Spade's picture

what's EM?  Emerging Markets?  I can't stand writers who use acronyms unfamiliar to many/most in the audience without spelling em out on first use.

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