Pragmatic Capitalism

Capital for Living a More Practical Life

‘Chart Of The Day’

Why and How the ECB Might Implement QE

Important chart here from Michael McDonough at Bloomberg. It shows the spread between Italian sovereign bond yields and corporate bond yields. As you can see, as the government yield has fallen quite dramatically the corporate yield hasn’t followed.

Chart of the Day: Estimating Wage Growth

This Great Graphic was tweeted by the Financial Times’ Cardiff Garcia, which he got from Goldman Sachs. It tries to assess the outlook for wage growth based on different measures of unemployment, including short-term unemployment rate.