{"id":35044,"date":"2013-01-04T08:45:45","date_gmt":"2013-01-04T13:45:45","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=35044"},"modified":"2013-01-04T08:46:13","modified_gmt":"2013-01-04T13:46:13","slug":"friday-charts-spendaholics-sovereign-debt-and-proof-that-emerging-markets-matter","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/01\/04\/friday-charts-spendaholics-sovereign-debt-and-proof-that-emerging-markets-matter\/","title":{"rendered":"Friday Charts: Spendaholics, Sovereign Debt and Proof That Emerging Markets Matter"},"content":{"rendered":"

By Louis Basenese<\/a><\/em><\/span>, <\/strong>Chief Investment Strategist, wallstreetdaily.com<\/a><\/span><\/strong>
\n<\/em><\/p>\n

It\u2019s Friday in the Wall Street Daily Nation<\/em>. And longtime readers know what that means\u2026<\/p>\n

I\u2019m selecting a handful of graphics to put important economic and investing news into perspective for you.<\/p>\n

This week, I\u2019m dishing on non-stop government spending, the importance of emerging markets and the next sovereign debt crisis.<\/p>\n

So say \u201cgoodbye\u201d to long-winded commentary. Instead, say \u201chello\u201d to easy-to-understand pictures and some quick-hit observations.<\/p>\n

Certainties: Death, Taxes\u2026 and More Government Spending<\/strong><\/p>\n

Finally! Congress reached a compromise to avert the dreaded Fiscal Cliff.<\/p>\n

Don\u2019t worry about all the details contained in the 154-page bill, though. This graphic tells us all we need to know.<\/p>\n

\"What<\/p>\n

As you can see, all the new taxes don\u2019t go very far towards covering up Washington\u2019s spending problem for the coming year.<\/p>\n

Lest you think I\u2019m manipulating statistics to try to hide a delayed benefit, here\u2019s another chart from the non-partisan CBO. It shows the impact of the compromise over the next decade.<\/p>\n

\"What<\/p>\n

I still see a (spending) problem somewhere \u2013 do you?<\/p>\n

Definitive Proof That Emerging Markets Matter<\/strong><\/p>\n

Do you doubt the significance of emerging markets? Here\u2019s proof that they\u2019re a really, really<\/em> big deal.<\/p>\n

\"\"<\/p>\n

And yet, according to BlackRock, investors only allocate 5% of their capital on average to emerging markets.<\/p>\n

Call me crazy, but I bet that allocation goes up in the future \u2013 and rightfully so.<\/p>\n

If you want to get a head start, a little birdy mentioned something about South Korea. (Details are here<\/a>.)<\/p>\n

Cry for Argentina!<\/strong><\/p>\n

The United States narrowly averted a fiscal crisis. For now, at least. But not all countries promise to be so lucky. Particularly Argentina.<\/p>\n

\"\"<\/p>\n

Argentina is the only country that witnessed an increase in the cost to insure against a default last year, as represented by credit default swap (CDS) prices.<\/p>\n

That\u2019s not the only troubling statistic, either.<\/p>\n

Since 1800, Argentina has reneged on its debt seven times. (Fun fact: That\u2019s one more time than Greece over the same period.)<\/p>\n

So that makes Argentina a serial defaulter and debt restructurer.<\/p>\n

Misery loves company, Argentina. Greece is waiting.<\/p>\n

That\u2019s it for today. But before you sign off, do us a favor. Let us know what you think about this weekly column \u2013 or any of our recent work at Wall Street Daily<\/em> \u2013 by sending an email to feedback@wallstreetdaily.com<\/a>, leaving a comment on our website, or catching us on Facebook<\/a> or Google+<\/a>.<\/p>\n

Ahead of the tape,<\/p>\n

Louis Basenese<\/p>\n

wallstreetdaily.com<\/a><\/p>\n

 <\/p>\n

view article: http:\/\/www.wallstreetdaily.com\/2013\/01\/04\/friday-charts-fiscal-cliff\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Louis Basenese, Chief Investment Strategist, wallstreetdaily.com It\u2019s Friday in the Wall Street Daily Nation. And longtime readers know what that means\u2026 I\u2019m selecting a handful of graphics to put important economic and investing news into perspective for you. This week, I\u2019m dishing on non-stop government spending, the importance of emerging markets and the next … <\/p>\n

Continue reading “Friday Charts: Spendaholics, Sovereign Debt and Proof That Emerging Markets Matter”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-35044","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/35044","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=35044"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/35044\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=35044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=35044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=35044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}