Chart of the Day
Asia Has Relatively Low Inflation, Few Countries Have Lower Than Thailand
Chart of the Day: In Asia, inflation is the highest in Indonesia, Hong Kong, and China. In Asia, inflation is the lowest in Korea, Taiwan, and Thailand.
Read MoreIndonesia, Singapore, and Philippines Remain Attractive in Asia
Chart of the Day: Indonesia, Singapore, and the Philippines remain attractive in Asia. China has moved to moderate from unattractive, and Thailand remains moderately attractive.
Read MoreUnderstanding the Inverted Yield Curve as a Recession Indicator
Chart of the Day: The level of inversion of the yield curve is one of the most powerful predictors of future economic growth, inflation, and recessions.
Read MoreNet Margin Appears to Have Peaked in Developed Markets but Not in Emerging
Chart of the Day: Emerging markets’ net margin is still below peaks before the Asian and Global Financial Crises. Net margin in Developed markets is still at the highest it has been in over two decades–remains a risk.
Read MoreIndonesia and Philippines Remain Attractive, Now Joined by Singapore
Chart of the Day: Indonesia and the Philippines still appear attractive but has switched place, and joined by Singapore. China has moved to unattractive from attractive.
Read MoreGearing Could Become Problematic in the US
Chart of the Day: Net-debt to equity is well-above the 2008 level, while times-interest-earned is slightly lower. Worth pointing out is that the effective interest rate is significantly lower now. Problematic if earnings stagnate and rates increase.
Read MoreCorporate Debt Is More Concerning Than Household Debt in the US
Chart of the Day: US household debt is back just above the levels seen at the start of the new millennium; big deleveraging since the Global Financial Crisis. Corporates, though, are back to 2008 levels which could constitute a risk if rates were to increase.
Read MoreGov’t Debt Has Driven Total Debt Growth in the US
Chart of the Day: Since 2001, US household debt as a % of GDP has remained at about the same level. Corporate debt has increased a bit. While gov’t debt as a % of GDP has doubled since 2001.
Read MoreThailand Was Asia’s Top Performer in 1H19
Chart of the Day: In 1H19, all Asian markets were up except for Malaysia. In local currency terms, Hong Kong was the strongest performer. For foreign investors, Thailand was the best as the Baht strengthened significantly.
Read MoreIndonesia, Philippines, and China appear attractive in Asia
Chart of the Day: Indonesia and the Philippines remain attractive. China has moved to attractive from moderate, Thailand has fallen to moderate.
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