CHART OF THE DAY: Useless Sleep
Over the last 34 years, on our way to becoming the biggest debtor nation in history, we have borrowed some $10.4T, with an average annual deficit-to-GDP ratio of ~3.2%. What does that mean exactly and what are the consequences of such a massive imbalance in the global flow of goods, services, income & assets?
Cartoon of the Day: No Russell Muscle
Don’t forget that even though the Russell was up for the first week in seven last week, over 60% of stocks in the Russell 2000 are currently crashing (-20% from their 12-month highs).
Deflation's Good Fortune
After another tough week of #bubbles popping in the US stock market, there was some good fortune in being long bonds!
CHART OF THE DAY: Seeing Red
The Best of This Week From Hedgeye
Here's a quick look at some of the top videos, cartoons, market insights and more from Hedgeye this past week.