Tuesday, 22 December 2015

Financial Orbit wrap 22/12/15

Five sentences or graphics which sum up the Financial Orbit output over the last 24 hours across the website, twitter account and anything else thought about...

1. Asia – more stimulus coming in China later this month as this year policy eased on 4 Feb, 20 April, 28 June, 26 August, 24 October - so every even month is a policy easing month?! (h/t @simonting for this observation). Certainly the noises coming out of the Xinhua news agency re ‘accommodative’ fiscal and monetary policy would be consistent with this.

Japan – still a sluggish growth backdrop:

Japanese Gov't Sees Recent Stimulus Package Adding 0.6 Ppt To Growth Over Next 3 Years – RTRS

Japan Gov’t Sees 1.7% Growth In FY16 After 1.2% In FY15 – BBG

Every investor still loves Japan though…hmm. 

2. I published a new posting on ShareProphets titled: "How Greece saved my 2015 tips dullness" (link here).  

3. I wrote up some thoughts on one of the few reporters this week: Paychex (link here).

A couple of tweets to finish up...

4. Great YTD perf chart via

5. Meanwhile US Q3 growth statistical updates were hardly rampant...

...continuing the tradition of missing hopes...
(h/t @ValueWalk)

...but looking at the detail the old combination of negative net exports (thanks the strong US dollar) and a negative contribution from inventories were influential.  Underlying domestic final demand was actually...ok.  

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