Charts

Is stock market punditry basically a high class form of astrology? Monty Pelerin thinks so. Well, considering that we can’t even be sure of how history happened, it’s tough to make the case that we can truly use it to predict future events… From Economic Noise: History is a summary of what historians consider relevant….

The chart above depicts the spike in seven-day “Shibor” lending rates (via Quartz) Below is a quote from Barron’s this weekend: “I would say that China is now roughly at the stage [of indiscriminate credit growth] the U.S. was in March 2008, when Bear Stearns had to be rescued and the subprime market was unraveling…What…

Here’s Eric Peters from his Weekend Notes newsletter: “There’s usually one time per year when everything goes wrong at once.” The S&P 500 topped at 1669 on May 21, and is now down 4.6%, while gold is -7.1% and 10yr yields are +57bps. “This is what happens after a Fed Chairman signals that you can buy any asset…

Cartoon

Yesterday was the first day of summer and the longest, by daylight, of the entire year. It also shattered another record… The most interesting factoid about yesterday’s action happened in the trading volume data on the Big Board: The NYSE Composite hit 5,506,542,303 (That’s 5.5 billion) shares traded. This is the highest volume day since November…

So far, the Apple insiders who have seen and heard stuff about this project are not giving it their blessing. They seem to have problem with the way things are played up a bit. Wozniak, in particular, has been publicly critical. That’s too bad, Woz – it’s not a documentary and people expect to be…

Here were the most read posts on TRB this week, in case you missed them: handoffs are messy.   The Spoiled Child is Learning   Hey You! Update: End of the World Trade  The purpose of this site