Monday, 25 August 2014

Charts today - US economic strengths and real wage realities, the euro and Russia dislikes...

A few charts that caught my eye this morning.

This chart from The Daily Shot shows a distinct difference in relative loan dynamism in the US than in Europe for example...


So when will the Federal Reserve raise rates?  It is coming as per this survey...


...this may reflect a modest normalisation from effectively zero interest rates BUT the reality is that real wage growth in the US remains very, very modest. This is very good on the 'real wage debate' comparing the impact of different inflation measures:


Despite the US economy not being flawless, the differences in tone at the Jackson Hole summit between Mr Draghi and Ms Yellen tells you all you need to know.  Robert Main's weekly highlights his (and my) view that the euro has clear scope to go lower.  


 Finally, via @yashalevine, did you see which publications the Russian authorities regard as anti-Russian?  Quite a comprehensive list...



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