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Say “goodbye” to long-winded commentary. Instead, say “hello” to easy-
to-understand graphics to put important economic and investing news into perspective for you and some quick-hit observations on non-stop government spending, the importance of emerging markets and the next sovereign debt crisis. Words: 340; Charts: 4
So writes Louis Basenese (www.WallStreetDaily.com) in edited excerpts from his original article entitled Friday Charts: Spendaholics, Sovereign Debt and Proof That Emerging Markets.
This article is presented by www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) and www.munKNEE.com (Your Key to Making Money!) for information purposes only. The article may have been edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. Please note that this paragraph must be included in any article re-posting to avoid copyright infringement.
Basenese goes on to say, in part:
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.
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.
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
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.
Since 1800, Argentina has reneged on its debt seven times (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.
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*http://www.wallstreetdaily.com/2013/01/04/friday-charts-fiscal-cliff/
Editor’s Note: The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.
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