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Posts Tagged ‘The Big Picture’

Obama’s Big Problem is ‘The Big Picture’

Posted by Larry Doyle on April 25th, 2011 8:55 AM |

Things could be so much worse.

Really?

Try telling that to an individual ravaged by an investment scam, sold out by financial regulators, abused by her bank, and left paying substantially more at the gas pump and checkout line.

If these travesties were not bad enough, how do you think this individual may feel about the lack of real justice meted out against those individuals and organizations which perpetrated obvious scams and abuses? How do you think this individual may vote in upcoming elections? (more…)

A ‘Graphic’ View of the U.S. Credit Collapse

Posted by Larry Doyle on December 14th, 2010 6:28 AM |

If a picture paints a thousand words, then the graphs I am highlighting today would encompass many volumes. I thank the regular reader of Sense on Cents who brought them to my attention. Major prop to Barry Ritholtz of The Big Picture who ran this commentary yesterday. Major credit to the writer at the Global Macro Monitor blog.

The Global Macro Monitor blog was started by an independent trader and economist and, in a prior life, was a global macro hedge fund PM/trader, headed emerging market bond trading desks on Wall Street, and an economist/global strategist, beginning his career at the World Bank in the mid 1980’s. His unique and unconventional views are reflected on his website at marcromon.wordpress.com.

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We constructed these charts with data from today’s release of the Federal Reserve’s Flow of Funds. They are both stunning and frightening as they illustrate the cardiac arrest that took place in the credit markets. The collapse in credit issuance/borrowing began in 2008 and would have been net negative without the Federal government. In 2009, for example, the Federal government was 141 percent of total net credit borrowings. (more…)






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