Summer Reading: Top charts for 2011

Today’s Summer Reading collates the most interesting and provoking charts posted on MacroBusiness throughout 2011:

First we have Rumplestatskin’s chart comprising the real (adjusted for inlation) after tax – RAT – returns on term deposits for Australian investors, showing have savers have been punished for over 10 years:

As The Unconventional Economist shows, this secular shift in lower rates and thus savings has now reversed back to the long term trend – but will rates?

The Prince then showed US military expenditure since 2001:

Rumplestatskin shows why a Sovereign Wealth Fund, modelled off the Norwegian version, is not a current (sic) option for Australia just yet:

Delusional Economics back in August showed how Australia’s housing market was in a slow melt, which has continue apace throughout the year, contrary to pundit’s expectations:

The Unconventional Economist shows why the banks reliance on foreign short term debt means a crisis in Europe does matter:

The Prince, annoyed at punditry and officialdom stating the economy is growing “at trend” dug through the real data, measured by GDP growth per capita, to find 10 year growth is 1.5% annualised, but post-GFC growth is only 0.9%, after tremendous monetary, fiscal and external stimuli:

There’s nothing certain in life but death and taxes, or as The Prince showed, LOTS of taxes:

The Unconventional Economist says we are all Keensians now – why? Private credit – the elephant on the second floor completely ignored by mainstream economists and officialdom, who gloat about Australia’s low public debt:

And here’s the chart that started his discussion:

The Unconventional Economist models Australian demographics and their affect on asset prices (particularly housing), with this medium growth scenario chart showing the ratio of net buyer/sellers negative and falling by the end of this decade:

Which leads on to The Prince‘s exposition of an uber-bull’s call for the ASX200 to double well before that time, on the realisation that a price earnings ratio of 11 for stocks is the norm, not 15 which was an aberration during the Baby Boomer Boom:

From Wilson HTM

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