It’s Friday in the Wall Street Daily Nation. And longtime readers know what that means…
I’m selecting a handful of graphics to put important economic and investing news into perspective for you.
- Roche’s Q3’16 Performance Affirms Our Expectation
- Key Takeaways From Verizon’s Q3 Earnings
- AMD Earnings Review: Strong Polaris GPU Sales Drives AMD’s Top-Line In Q3’16
- Kimberly Clark Q3’16 Earnings Preview: Low Consumer Demand Might Affect The Top-line
- Baker Hughes’ 3Q’16 Earnings To Drop Despite A Rise In The Global Rig Count
- Why Did Ctrip Form A Strategic Alliance With Offline Travel Agency Travelling Bestone?
This week, I’m dishing on non-stop government spending, the importance of emerging markets and the next sovereign debt crisis.
So say “goodbye” to long-winded commentary. Instead, say “hello” to easy-to-understand pictures and some quick-hit observations.
Certainties: Death, Taxes… and More Government Spending
Finally! Congress reached a compromise to avert the dreaded Fiscal Cliff.
Don’t worry about all the details contained in the 154-page bill, though. This graphic tells us all we need to know.
As you can see, all the new taxes don’t go very far towards covering up Washington’s spending problem for the coming year.
Lest you think I’m manipulating statistics to try to hide a delayed benefit, here’s another chart from the non-partisan CBO. It shows the impact of the compromise over the next decade.
I still see a (spending) problem somewhere – do you?
Definitive Proof That Emerging Markets Matter
Do you doubt the significance of emerging markets? Here’s proof that they’re a really, really big deal.
And yet, according to BlackRock, investors only allocate 5% of their capital on average to emerging markets.
Call me crazy, but I bet that allocation goes up in the future – and rightfully so.
If you want to get a head start, a little birdy mentioned something about South Korea. (Details are here.)
Cry for Argentina!
The United States narrowly averted a fiscal crisis. For now, at least. But not all countries promise to be so lucky. Particularly Argentina.
Argentina is the only country that witnessed an increase in the cost to insure against a default last year, as represented by credit default swap (CDS) prices.
That’s not the only troubling statistic, either.
Since 1800, Argentina has reneged on its debt seven times. (Fun fact: That’s one more time than Greece over the same period.)
So that makes Argentina a serial defaulter and debt restructurer.
Misery loves company, Argentina. Greece is waiting.
That’s it for today. But before you sign off, do us a favor. Let us know what you think about this weekly column – or any of our recent work at Wall Street Daily – by sending an email to email@example.com, leaving a comment on our website, or catching us on Facebook or Google+.