Grafico du Jour: Tenencia china de deuda US

(Fuente: Global Macro Monitor, via Creditwritedowns.com)

Paper: Una vuelta por el mundo…

Equity Premia Around the World

Abstract: 
We update our global evidence on the long-term realized equity risk premium, relative to both bills and bonds, in 19 different countries. Our study now runs from 1900 to the start of 2011. While there is considerable variation across countries, the realized equity risk premium was substantial everywhere. For our 19-country World index, over the entire 111 years, geometric mean real returns were an annualized 5.5%; the equity premium relative to Treasury bills was an annualized 4.5%; and the equity premium relative to long-term government bonds was an annualized 3.8%. The expected equity premium is lower, around 3% to 3½% on an annualized basis.

Link al Paper

Gráfico du Jour: Deuda soberana, ¿Quién la tiene?

(Fuente: Credit Writedowns)

Gráfico du Jour: Perspectiva histórica…

(Fuente: EconomPic Data)

Gráfico du Jour: US, a ver como es la torta…

(Fuente: Global Macro Monitor)

Infograma du Jour: 1/3, mira cuando las tres digan lo mismo…

 

 

 

 

 

(Fuente: Reuters)

 

Para guardar, USA AA+

Gráfico du Jour: Really Too Big To Fail (RTBTF)

(Fuente Fitch, via FT Alphaville)

 

Gráfico du Jour: exposición neta CDS, una linda perspectiva

(Fuente: Depository Trust & Clearing Corp., via Business Week)

Gráfico du Jour: Europa, Maturity promedio de Deuda Soberana

(Fuente: Morgan Stanley, via FT Long Room)