Selected Fun Facts

Some fun facts about this year (courtesy Michael Hartnett of Merrill Lynch):

• US equities (+14%) are ahead of European equities (-6%) by the widest margin since 1976.
• US large cap is beating US small cap by 950 bps, the most since 1998.
• 50% of all government bonds globally yield less than 1%.
  • Notable exception: Venezuela US$-denominated bonds yield 22%.
• Apple’s market cap ($662 billion) is one-third greater than all Eurozone banks combined, and nearly as large as every listed company in Latin America ($695 billion).

• 12 Jun, 2017

  Economics in Action

  The intersection of supply and demand determines price and quantity: there is no more fundamental principle of economics ...

• 23 Apr, 2022

  Beach Reading

  The Lincoln Highway, Amor TowlesEmmett Watson is released from prison when his father dies to take care of his younger ...

• 28 Oct, 2021

  Basketball is Life

  The last commencement address I gave was in 1978. No one remembers what I said. I know this for three reasons:1. I dont ...