Chart of the day: Euro nations with largest deterioration in fiscal situation

Here are two interesting charts courtesy of the Macro Business Superblog. In outlining how the latest European crisis response policy fails to deal with the underlying issues in Euroland, Macro Business also illuminated the individual debt and deficit trajectory of each euro nation. The charts highlight where the euro area countries have broken the Maastricht stability and growth pact criteria

Chart of the Day: S&P500 Finding Resistance At 200-DMA

Looked like today could be the day the S&P500 broke through and closed above its 200-day. That is, before the tape bomb out of the S&P putting most of the ‘Zone countries on negative watch for a credit downgrade. Let’s see how this plays out in in Europe tomorrow and whether the hardliners in Germany say, “… told you so!’”

The chart of S&P500 shows why the 200-day moving average matters and should be monitored

Chart of the Day: U.S. Payroll Employment By Industry, November 2011

A breakdown of employment gains and losses by industry plus an excerpt of what the BLS had to say about this morning’s employment report

Chart of the day: the graph that shows why the central banks had to act

What is clear is that, with the U.S. dollar as the world’s major reserve currency, this move to lower the price on U.S. dollar liquidity swap arrangements is due to the world’s banks being short U.S. dollars. In the past few days, there have been rumors that a European bank was on the verge of failure due to a lack of U.S. dollar liquidity

Chart of the Day: The Future of the Euro

A decision tree on what the future of the euro would look like based on different policy responses

Chart of the day: Germany’s finances not as sound as believed

This will surprise many. Der Spiegel reports that Germany’s fiscal management is not as “exemplary” as most perceive

Chart of the Day: China’s Credit Bubble

This chart from the IMF illustrates how China was able to skirt — in relative terms — the deep economic contraction by generating a huge expansion in domestic credit and increase in its money supple. This, while credit was contracting in the rest of the developed world

Chart of the day: Definitive guide to the European debt web

The BBC has a terrific chart tool that gives you a good feel for exactly how much the sovereign debtors in each of the European countries owes and to which other countries. The great thing about this chart is that it also shows you the debt flows outside of the European periphery i.e. for France and Germany, as well as for Japan, the US and Britain in both directions

Chart of the day: Hours of work needed to buy an ounce of gold

Central banks have done a great job at driving up the price of gold but a horrible job at creating wage inflation. If it now takes 88 hours to buy an ounce of gold versus 20 hours in 2000, hasn’t that grossly deflated real wages in a strict monetary sense? Just askin’

Chart of the day: Indebtedness of all AAA sovereign credits

The following numbers come from a recent article in Die Welt on the backlash in Europe against the ratings agencies

Chart of the day: Contagion spreads to the Netherlands

Yesterday, I showed you that contagion had spread and default probabilities were blowing out right across Europe. Every single name on the list for sovereign credit default wideners was European and names like Austria, Estonia, and Slovakia showed marked deterioration, with default probabilities over 10%.

Today is no different. The Netherlands is the notable credit to deteriorate today

Chart of the day: Hours of work needed to buy the S&P500

Here is an interesting take on the valuation of the S&P500 by our friends over at The Chart Store, who do excellent work. Their chart shows that it now takes 69.23 hours at the average hourly wage of $19.53 to buy the S&