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The Year In Charts: Presenting The Latest "PunchLine" Chartporn
The Punchline's Abe Gulkowitz is the author of our favorite chart-only newsletter, and as 2015 draws to a close, it is obvious that he has been very busy.
Here are his parting thoughts for a year that had a lot of volatility and day-to-day excitement, which saw bear markets strike a countless S&P500 stocks, which saw the geopolitical situation careen right into another global proxy war, a year in which Greece almost again Grexited the Eurozone, in which EMs tantrumed violently ahead of the Fed's rate hike, in which the Swiss revalued and China devalued their currencies, a year which saw junk bonds and commodities plunge to unprecedented levels... and yet where the S&P500 is set to close literally where it started.
What a way to end 2015. The Federal Reserve voted Wednesday to raise interest rates and begin pulling back its unprecedented support for the American economy and financial markets. The shift, ending an era of easy money that helped save the nation from another Great Depression, had been slow in coming , and the years of easing had created its own distortions and dependencies. The Fed also pledged to wean the nation off its stimulus slowly, an acknowledgement that further progress is not guaranteed and that the central bank is operating in uncharted territory. In addition, the shift amounts to a vote of confidence that the American economy finally stands somewhat more resilient. - - perhaps uniquely in the world.
Yet we cannot ignore the reality of a poor global growth trajectory, dogged by crashing commodity prices, a slowdown in China and new traumas in the speculative high-yield and emerging markets. Indeed, even the U.S. economy has yet to produce a full-throttled expansion. We will continue to highlight the nuances, peculiarities of the regional and sectoral differences in business recovery and worlds of finance. Fasten your seatbelts for 2016.
And with that said, here is the year that was in charts.
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Mrs Cog originally contacted me looking for charts. Instead she found a husband. :-)
<Now and then she still asks for charts. I never give her any.>
Off topic - 9/11
Does anyone have any further info on Manny Badillo?
Whistler blower on RT in 2010.
Accused of sex crimes and in prison since 2012?
Inquiring minds want to know.
9/11 is irrelevant. Do you really need any more reasons to argue for abolishing D.C.? No.
Sorry raper:
"9/11 is irrelevant. Do you really need any more reasons to argue for abolishing D.C.? No."
I'm personally stuck at Kennedy being the last legitimate president and 9/11 being the major point for a turning - the so called "Patriot Act".
If you've got no further specific info to help me unstick - then please SHUT THE FUCK UP.
Thanks for your participation.
Pick up your medal at the exit.
I believe he's sharing a cell with Jared.
"The year in charts" or stop your grinnin and drop your linen.
any aged oligarchy becomes a problem. In the old USSR a geriatric oligarchy, themselves concerned about their own liability in a Nuremburg trials scenario, essentially dropped the Iron Curtain until they all died out.
In the USA a progressively criminally inclined oligarchy basically is making political decisions that serve primarily to keep the lid on past crimes-at least going back to JFK.
as geriatric oligarchies become more frantic, the loss of freedoms of the general public are required in order that they successfully keep the lid on more and more stories.
The loss of freedoms leads to economic atrophy
There will be no economic crash.
They navigated the worst of it and came out of it on the other side intact.
middle-class is on their own. They do not need them at all.
Never thought I would say that.
20 years from now you will look back and see there was no economic crash. It is just got to keep muddling on just like how it is now.
When ZHers keep saying this kinda shit, you know the end HAS to be nigh.
The time for the end has come, and gone. They have made it through to the other side.
If you like your muddeling, you can keep your muddeling
Mahalo for your thoughts bruda, but put down the pacalolo.
The worlds labor force is being idled, billions the world over are being fed with pretend CB manufactured debt.
Forget the economic crash, the population crash will be the real bummer.
In the mean time, catch some glassy swell and enjoy the ride.
:)))
Uhu, because the US is the EXCEPTIONALISM rule.
"20 years from now you will look back and see there was no economic crash. It is just got to keep muddling on just like how it is now."
Disagree. Junk Bonds is going to crash in 2016. Perhaps the Fed will do another massive QE to prop it up deferring another crisis. The problem is that the Fed has a habit of really bad timing and has reacted too slow to avoid past crisises. Ie the Dot-Com bubble and the Housing Bubble. Both of course were created by the Fed. The HY Bubble of course was also created by the Fed. Considering that the Fed Hiked last week and has plans to for four more hikes in 2016, make me think the Fed is going to for the rinse and repeat.
"They navigated the worst of it and came out of it on the other side intact."
Not really, at best its been deferred. Since the 2008 crisis, World Debt has doubled, via ultra-low interest rates created by the Fed. Its very likely we'll start seeing nations start to fall apart, as the Sovereign Debt Bubble begins to collapse in 2016. Which nation of the PIIGS will be the next Domino to fall? South America is primed with a Dual collapse in Venezuela and Argentina. Canada which managed to defer its housing/credit crisis, is now primed now that Oil prices have collapsed and the Chinese can no longer prop up Canadian housing prices. I suspect we will see new age of revolution and civil wars as the age of globalism falls into a crisis not seen since the WW 1 era.
The problem is that crisis began decades ago, and the global economy has managed to limp on with lots of gov't meddling and central bank manipulation that never really fixed anything. I Cannot predict if 2016 will be the year of when everything starts to fall apart, but it likely extra ordinary actions are going be required to prevent it from happening. There are now too many balls to be juggled to avoid another crisis from happening.
No shit, who does #2 work for.
All is well... shop, buy stocks!
bend over i will show you a chart
Pretty sure several articles and commenters on ZH stated the exact thing that is going to happen, and has happened. /hat tip Aguy
Greece is basically a 2nd world country now (and that's being generous), thanks to Brussels. You would never know that it just hosted the 2004 Summer Olympiad. Other peripheral European nations in Eastern Europe are basically the same thing. Iraq is a made-up, fake state. Syria is being propped up by Russia. Lybia is gone. Spain will probably split up, or go another round at a civil war. Ukraine is a complete mess.
I predict somebody will be nuked in 2016. Probably Turkey, if it keeps going at the rate its going. Putin's patience has to be wearing thin on that one.
Put in doesn't need to nuke Turkey. He just needs to continue to strafe the cheap oil transported from the south. He already controls the rest of their energy.