Four Elections And A Market Myth Funeral | ZeroHedge - Since 11/7/2000, the first election of Bush, the S 500 is down 0.25%. The USD has lost a remarkable 30% of its purchasing power relative to the world's major currencies (36% Trade-weighted). But it gets better because energy costs (WTI) have risen 65% since then. The Long Bond has gained a remarkable 50% while the clear winners in a Greenspan/Bernanke era has been precious metals - up around 550% since November 2000.
Sober Look: Goldman's world GDP projection for 2050 - Goldman recently published their projections for GDP levels by nation 38 years into the future. This has to be a difficult forecast to make - involving assumptions that, if changed slightly, could impact the outcome materially. Nevertheless it is worth taking a look at these results.
China CPI inflation fell to 1.7% yoy in October - Inflation continues to be subdued, which confirms our long-standing view that inflationary pressure in non-food categories is minimal because of overcapacity, and our worries on the possibility of a temporary food inflation is not materialising for the time being, which contributes to the overall price stability as food tends to be the volatile component which drive inflation higher. For more news and analysis, visit Also sprach…
And it's not just the U.S. that is in trouble, according to market expectations. As the above chart shows, sovereign yields in the U.S. and Germany are converging on the yields of that paragon of miserably slow growth, Japan. The market is behaving as if the world's major developed countries are going to be experiencing the same stagnate growth as Japan , which has suffered zero net growth since the end of 2006