finance charts

If you go back to the last jobs peak of 132.5 million in February 2001, at a pace of 150,000 jobs per month to account for population growth, you are looking at a shortfall of 18.8 million jobs. Given those numbers, there is really no…

As a result of the two great wars in the 20th century, the UK’s national debt soared such that by the end of World War II, public net debt was well over 200% of GDP.

Last week I showed you one way to look at the jobs crisis in graphical form. Here’s another from Calculated Risk.

Since the recession in 1990-91, the recovery of employment in the US has had a U-shape that is nothing like the previous post-World War II employment recoveries. This one will be the worst.

The Europeans are clearly trying to get comfort on the exposure to Greece in their domestic financial institutions. And if they do get that comfort, we are going to see a soft restructuring. I expect this before year’s end.

The Chinese Seven Day Repo Rate has skyrocketed to a 3-year high, suggesting a cash shortage as credit tightens.

I mean to ask how deep the downturn in your country was. On Tuesday, Martin Wolf had a good graphic on this. The upshot of his analysis is that while US GDP growth compares favourably to Japan and Western Europe, its unemployment compares…

Inflation is sapping spending power. Legitimately, one cannot expect pay to rise by 4 and 5% per annum in a still weak economic environment. Therefore, the only way to see more purchasing power for consumers over the medium-term is via…

Despite pumping trillions of yen into the economy over the last decade, Japan's M3 money stock is no higher now than it was at the beginning of the last decade as the private sector has deleveraged.

Since the financial crisis hit in 2008, excess reserves have piled up in the U.S. financial system. There were almost no excess reserves in the system during the period of recorded data from 1959 onwards. But after the post-Lehman…