The most important chart in the world

The most important charts in the world

We thought we would start off the week with a look at how other global analysts are looking at the United States’ and world economy at the moment.  The charts are courtesy of financial website Business Insider as part of a segment called “Wall Street’s Brightest Minds Reveal The Most Important Charts In The World,” and includes submissions from economists and analysts around the world. Our own addition, on slide 41, is reproduced below, and attempts to draw attention to the worrisome picture apparent in mortgage lending data.

The question of when to raise borrowing costs will likely be addressed on Wednesday when the FOMC makes its latest policy statement. And of course the major economic news of the week will be the release of nonfarm payrolls for July due on Friday morning. The market is looking for job gains of around 230,000 for the month from this and the earlier ADP report due Wednesday. Also due out the same day will be the first glance at second-quarter GDP statistics. On average, economists are looking for a rebound to a 3.0% annualized pace for the three months ending in June to follow a contraction of 2.9% for the first quarter of the year. 

Chart - Mortgage Bankers Association portrays Yellen’s housing activity concerns

About the Author
Andrew Wilkinson

Andrew is a seasoned trader and commentator of global financial markets. He worked for several London-based banks trading cash and derivatives before moving to the U.S. to attend graduate school. Andrew re-joins Interactive Brokers following a two-year stretch at a major Wall Street broker-dealer as their Chief Economic Strategist. His coverage of stocks, options, futures, forex and bonds regularly surfaces in global media, and over the last several years Andrew has made many TV appearances on Bloomberg, BBC, CNBC and BNN and Yahoo Finance.

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