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Summarizing 2011 In Nine Easy Charts
If one had to summarize 2011 in one sentence, it probably would be: "a year in which the market ended unchanged, in which the world got within seconds of global coordinated bankruptcy, and in which central planning finally took over everything." Simple. On the other hand, conveying a comparably concise message full of hope and despair at the same time, using charts would actually be slightly more problematic. But not for the Economist, which has managed to do just that, however not in one but nine discrete charts. Here is what they did.
From the Economist:
IN 2008 banks were saved by governments. The question that dominated 2011 was how to save governments. The euro-area sovereign-debt crisis metastasised from a problem affecting small, peripheral states to one that threatens the single currency itself. The rise in Italian bond yields in particular marked a dangerous new stage in the saga (chart 1). European banks, stuffed full of government bonds, have suffered a severe funding squeeze since the summer (chart 2). The euro was oddly resilient against the dollar, but Switzerland and Japan intervened to hold down their currencies as investors sought shelter (chart 3).
Faced with skittish creditors, countries in Europe tried to instil confidence by cutting spending (chart 4). Austerity and growth do not mix, however. Euro-area GDP remains below its pre-crisis level. American output did at least regain that mark in 2011 (chart 5) but US unemployment remained very high.
The emerging economies again outshone their rich-world counterparts in terms of growth and jobs. But fears about inflation (chart 6) slowly gave way to fears about growth as the year went on and Europe’s problems worsened. Emerging-market stocks dropped sharply in the summer as investors put their money into less risky assets (chart 7). Gold also benefited from another year of fear. The metal was set to post its 11th consecutive annual gain in 2011 (chart 8). Google searches for “gold price” rose whenever measures of market uncertainty did (chart 9). If governments aren’t safe, after all, what is?
Chart 1
Chart 2
Chart 3
Chart 4
Chart 5
Chart 6
Chart 7
Chart 8
Chart 9
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I would have to buy/lease a car while there, they say it's very easy to save 60-70% of your salary (even when you have a car)
UAE in fall of 2012? Have fun with that.
yeah... that's the only thing that's making me hesitate
well that and I'd be pretty far away from my boyfriend and his guns
Don't hesitate. You'll find better boyfriend candidates and I'll bet you'll be safer there than in the US for the next few years.
I appreciate the encouragement I just turned 26 no kids etc and I just really feel like I need to break my life out of its holding pattern
I see the writing on the wall can't think of any real reason to stick around
If you were a man I would say go for it. Women are not considered equal there. I would not reccomend a woman go there alone like that. If you are not muslim, I cannot see you enjoying it much at all. There are expat communities but some of the more traditional muslims are not happy about women showing their hair and driving, etc. Good luck.
if i were your boyfriend, i'd prob be about ready to buy you a ticket, myself
if you want something strange, just say so!
how about a few nights with slewie and[/or] fuu?
flights included brah
sure! L0L!!!
listen. fun's fun, but when i first read this, and your question, i tried to think of or sense some of the factors which had led you to this point
i think i see where money is a factor, maybe in a dead-end, but not a critical sense; and where there would be "adventure and change"; and that there is another person involved
so take your time, altho the new year is upon us; and maybe, if you're in love w/ this armed asshole, see if you can figure a way to maybe explore certain local options more thoroughly, altho that can sometimes be difficult and awkward~~impossible if we let it
shit! if you're gonna make a huge mistake, why fuk around, eh?
Does she have pink and blue hair?
GO FOR IT. Seriously.
thanks man ;]
Good idea, as long as you are single with no responsibilities.
When you're done in the Middle East, then emigrate to New Zealand or Australia. The emigration out of the US (especially California) to countries in the Pacific rim and Latin America has already started.
Go for it, I'm a teacher by trade at least I would go and make a documentary or at least do some independent reporting while I was there. If not for the money just to have a record of a pretty interesting place at an important time.
cool idea! thanks
Sunscreen, visine & maybe a polo helmet for the odd rogue SCUD.
4 and change a month? That's not much at all, even if you could save half.
To be in a male-dominant Arab country?
Where, IIRC, failing to make payments on a housing contract is a jailable crime?
At the end of the oil age?
With all-out war between muslims and Jews, with Christian proxies, is near at hand?
And the Mayan calendar running out?
Sounds genius. Go for it? What can go wrong?
The Birch Society POV.. Like that would be a more dangerius, less enlightened place than Mississippi or most if not all rural USA.
And now back to regularly scheduled programming
Right now is bad timing ! How are you going to stack over there ? Remote stacking is frought with risks ! Stick with gun boy and start stacking seriously right now ! You can dump him later, this is a critical stacking moment....not a good time to be globe trotting !
You took out the chart with the background radiation levels rising in each of the G7 countries....
It is time for a strong leader that can lead us out of this ponzi scheme into a new era of sound money policy and strong growth. I announce my candidacy on Zero Hedge to be supreme leader of the Universe. My first act will be to have all G$ employees current and former arrested on fraud and executed by a rotten tomato squad. Then I would imprison all past and current Fed Reserve chairs to work as a McDonald's drive thru cashier for the rest of their natural life. Vote Gamma735 and vote for the little people to be crushed under my boot heel. Heil Gamma735. Heil Gamma735!
Where's my bribe ERRR consulting fee?
http://www.tomshardware.com/news/toms-hardware-sopa-Stop-Online-Piracy-Act-PROTECT-IP-Senate,14393.html
This legislation could pass. The old geisers in DC have no idea about technology and the internet, blogs, etc.
The purported purpose of SOPA is to stop pirating. However, it will be the death knoll to blogs of all sorts, to freedom of speech, to change.
It will make sure that your "news" is delivered through government approved sources, the main stream media.
It takes less than 3 minuntes. You enter your Zip and its will write an email to your elected officials in DC.
Like they fucking care.. joke
You might be surprised, they do care about constituent support, and when it is not an item that already puts money into their coffers, they will listen.
This one is in that category. Now get off your apathetic ass and fn do something OK
Now read this slowly, I will try not to use big words as they confuse you.
Speech is not speech. Money is speech. If you want Congress to do something for you, send them a check. $25,000 to the campaign fund of the sponsor of the bill is a good place to start. If you don't have $25,000 to spare you ain't got no speech. Nothing new here.
Get it?
Got it?
Good.
Stop wasting my fucking time.
Hi Kekekekekeke,
You should be able to save around USD 2.5k-3k depending on how big a discretionary spender you are since your accomodation - which is the single biggest expense - is provided for, as well as airfare back home each year and gratuity at the end of it all.
If you have any specific questions, you may write to me.
Welcome to the UAE!
I obtained a nice summary report on Fukushima from the INPO. I embedded it into my own site in case somehow the information later gets "disappeared" and we all ought to do more of this. I use the free service "Box", free as long as you don't have crazy big storage requirements.
Its the first link at the top. And don't be shy about visiting sponsor links for free blogs that provide valuable service. ZH is doing outstanding work, klik your appreciation.
http://oahutrading.blogspot.com/p/japan-nuclear-information.html
The weekly EIA inventory report this week reports
an actual yearly decline of 7.9% of gasoline use
and 4.9% decline in distillate (truck) fuel use.
(yes, this data is actually published by the gubmint...)
http://ir.eia.gov/wpsr/wpsrsummary.pdf
It would be very nice to see a 20-year chart which shows total use
and also the percentage of US production ...
but such a chart would make the truth about the current "recovery" all too glaringly obvious ....if my memory serves me correctly, total petroleum use in the US has declined by over 15% in the last three years! (Its a good thing, too, else prices at the pump would be off the charts ....)
a littel less market and a little less capitalism,
a little more social democratic ruling.
and 4 more years obama.
Somewhere in these charts I see a "middle finger wedge".
http://vegasxau.blogspot.com
Treasurys end year slightly off a 200-year high. I guess the dollar won´t die any time soon.
I comment on chart 3 trade weighted exchang rates showing the rise of the yen and chart 7 capital markets showing the fall of emerging market stocks.
The full economic and investment expansion of Bernankeism has been achieved as seen first, in the most toxic of municipal bonds Municipal Bond, Michigan Municipal Bonds, MIW, topping out, and secondly, a steeping of the of US Treasury curve, with the Flattner ETF, FLAT, turning topping out.
“Credit has turned bad”, and lacking any more “money good”, stocks do not have any more central bank juice to keep going. Furthermore with the strong rise of the Yen, FXY, and the fall of the world major currencies, DBV, and CEW, a global collateral shortage has developed, and carry trade loans need to be repaid. Thus the twin spigots of investment liquidity, central bank credit liquidity, and carry trade lending, have not only been turned off, they have turned toxic, and stocks that rose in the fourth quarter 2011, will be turning lower in first quarter 2011.
Investment toxicity will be restimulating an investment demand for gold which is trading around $1,500. The ongoing failure of fiat money, that is ongoing competitive currency deflation, and rising sovereign debt interest rates globally, will cause disinvestment out of stocks, and deleveraging out of commodities, and be the basis for devolution into diktat. The seigniorage of fiat wealth and fiat money will fail desperately in 2012. The current pullback in gold is nothing more than a correction in a long term bull market as the fundamental backdrop of currency debasement (especially with the recent explosion higher in the size of the ECB balance sheet) has never been greater. Daniel in Investment Watchdog writes currency debasement has been going on feverishly, if behind the scenes, for the past 6 months, and gold is nothing more, or less, than a hedge against monetary dilution. The only form of sovereign wealth in 2012 will be gold bullion. I recommend that one start dollar cost averaging a purchase and possession of gold bullion at this time as gold will be bottoming out and rising higher.
Central bank monetary policy has led to debasement of currencies and is giving rise to regional regional global governance. The failure of monetary credit will give rise to people placing trust in totalitarian rulers: totalitarian collectivism is the Eurozone’s future where public private partnerships work for the region’s security and stability