Good morning. Interesting report by the ICP, showing that China has almost overtaken the US. (chart is from The Economist)

http://siteresources.worldbank.org/ICPINT/Resources/270056-1183395201801/Summary-of-Results-and-Findings-of-the-2011-International-Comparison-Program.pdf

http://www.economist.com/blogs/graphicdetail/2014/04/daily-chart-19

 

But here is another way to look at the same subject, but comparing dollar for dollar…

http://www.washingtonpost.com/blogs/wonkblog/wp/2014/04/30/everybody-chill-out-chinas-economy-is-still-only-half-the-size-of-ours/

And this one is a beauty too!

http://www.economist.com/news/finance-and-economics/21601568-new-data-suggest-chinese-economy-bigger-previously-thought-dragon

It’s May. Let’s sell

http://www.businessinsider.com/chart-sell-in-may-and-go-away-2014-4

Small check-up. If we leave out the commodity stuff, being long Spanish and Italian bonds would have not been bad this year (so far)

http://www.ritholtz.com/blog/2014/05/10-thursday-pm-reads-102/

…and I haven’t missed much in the Treasury market, this last week…

http://www.bespokeinvest.com/thinkbig/2014/4/30/10-year-yield-flatlines.html

Come on! Just make this 285 en everybody can see this is Ferengi speak! “The 100 Rules for Being an Entrepreneur”

http://www.jamesaltucher.com/2011/04/the-100-rules-for-being-an-entrepreneur/

If you think London housing prices have gone weird, check out this lot…

http://ftalphaville.ft.com/2014/05/01/1841382/so-you-thought-london-house-prices-were-barmy/

Exporting services. Or patents, that is…

http://www.businessinsider.com/basic-facts-about-the-american-economy-2014-5

I guess the Ukraine does not count…

http://fivethirtyeight.com/datalab/economic-uncertainty-is-trending-down/

…and I guess Bulgaria will be empty before long?

http://www.businessinsider.com/countries-that-have-lost-population-since-1990-2014-4

Net savings are down because wealth is up. We know what happened the last two times wealth collapsed though…

http://www.businessinsider.com/net-worth-is-rising-as-saving-rate-falls-2014-5

Eurozone gains…

http://www.economist.com/blogs/graphicdetail/2014/05/daily-chart

Well, no one can beat the US when it comes to putting people in prison…

http://www.nytimes.com/2014/04/30/business/economy/in-the-us-punishment-comes-before-the-crimes.html

What your returns would have been like if you started investing in year X and exited the market in year Y (spectacles are needed though)

http://www.ritholtz.com/blog/2014/04/86-years-of-u-s-stock-market-history/

In the old days you used to have only one Taylor rule, now there are about six…

http://www.zerohedge.com/news/2014-05-03/all-rules-based-economists-agree-fed-policy-too-easy

And the schedule for the week to come!
http://www.calculatedriskblog.com/2014/05/schedule-for-week-of-may-4th.html

 

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