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Friday, June 8, 2012

Statistics Signal World Ending

From Whitney Tilson:


Random statistics, courtesy of a friend (I have not verified):

Bond markets seem to be indicating the world is coming to an end:

The US 10 year Treasury yield last Friday hit 1.47%, breaking its prior all-time (200-year) low of 1.55% set in November 1945.

The Dutch 10 year government bond yield (1.61%) is the lowest in the past 500 years.

The German 10 year bund yield (1.20%) is the lowest in the past 200 years (bar the hyperinflation period of 1923/1924).

The French 10 year government bond yield (2.36%) is at a 260-year low.

The UK 5 year government bond yield is at a 110 year low

What about PIIGS equity markets

The market cap of the Italian Financial sector is now the same as the market cap of Colgate-Palmolive ($47bn).

The market cap of all Euro-zone Financials ($361bn) is less than that of Canadian Financials ($377bn).

The market cap of Spain and Italy equities combined ($396bn) barely exceeds that of Taiwan ($368bn).

The market cap of Portugal equities ($16.4bn) is the same as that of Whole Foods, the 191st largest stock in the S&P 500.

The market cap of Greece equities ($5.8bn) is the same as that of TripAdvisor, the 400th largest company in the S&P 500.

The CDS of Portugal exceeds Veneuela's, the CDS of Italy exceeds Lebanon's and the CDS of Spain substantially exceeds Iraq's.

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